If you ever plan on opening a restaurant, other than having good food and ambiance, make sure you know properly spell your signature menu item, especially if its the name of your company and one of my favorite foods — Falafel. Such was the case with the Russian backed Felafel Corp. (FLAL) who’s plan of a Latvian fast-food outlet turned into today’s Valor Gold Corp. (VGLD). After reverse merging and splitting their stock 7.5-for-1 and bringing on some big names like Billionaire Dr. Robert Frost, VGLD now is making its moves as a slow-pump penny stock thanks to Seeking Alpha and the Chicago Financial Times.
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VGLD Stock Chart
Market Cap: 80.87M
Close: 1.22, up 0.05 (4.27%)
Volume: 46,165
Dollar Volume: $55,859
High: 1.23
Low: 1.20
Trades: 54
Average Trade Size: 854
Authorized: 200,000,000
Issued and Outstanding: 66,287,500
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The shares of Valor Gold Corp., essentially, were loaded on the OTC board in late July as low as 0.50. The activity, however, began to pick up on VGLD stock right around September 11 when the Company formally announced in their one and only PR that they created a Geological Advisory Board and added two prominent mining experts to the advisory board, Frick and Frack.
Since then, thanks in part to their acquisition of the junior gold exploration mining claims and related rights held by Arttor Gold and Noble Effort, VGLD has been active. However, the volume activity has yet to be sufficient for the accredited investors involved (see here) in the $3.8 million raised via Private Placement to accredited investors of 4.5 million shares of Common Stock, $0.40 per share, to be able to sell out of yet. Another 1.375 million shares was issued on June 8 at a per share price of $0.40, $550,000, again to certain accredited investors.
Then again, the dollar amounts are’nt real unless, as stated on the Valor Gold website, you truly believe it when they say: “We are committed to increasing shareholder value through the exploration and discovery of world class gold deposits.”
About VGLD Stock
Valor Gold Corp. is an exploration stage gold and minerals company seeking out potentially significant exploration and development targets. The Company has one project, The North Battle Mountain Mineral Prospect is located in Lander County, Nevada, which was creatively leased to them.
Click here to view the SEC filings for VGLD.
Bottom Line: VGLD is not going to lead all penny stocks in volume or trades anytime soon. The day will eventually come when VGLD stock is more active than it is currently which will be the time to step in and play the swings. Until then, a position may be just subject to the click ad captures of the unsuspecting soles who drove up Pershing Gold (PGLC) when they went PR nuts.
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