Andes Gold Corp. AGCZ
We just wanted to alert our readers to the release of an afternoon PR on AGCZ. Thus far the stock has traded over 2X its 10 day average volume.
Along with a statement about the reasoning behind such a long period without an update, we received a pledge from the CEO to continue receiving company news on a more consistent basis moving forward.
The stock has been as low as .036 this past Tuesday, and has already stepped its way back up to the .0475 level, a 32% intraweek gain. The previous high of .051 figures to be the next area of resistance. We’ll be watching intently for a break past that level.
BOCA RATON, FL, Mar 23, 2012 (MARKETWIRE via COMTEX) — Andes Gold Corp. (OTCQB: AGCZ) (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, Chief Executive Officer Robert Talbot, today commented on the company’s goal to enhance shareholder communications as the company expands operations.
Mr. Talbot, commented, “The past several months have been critical in the development of a growing mining company such as Andes Gold. With skyrocketing gold prices, competition in our field has been intense. While we understand and appreciate the need to keep our investors up to date with our business, it has been more prudent to keep our operations and plans closely guarded. With that being said, we are now secure in our positions such that we believe it appropriate to implement a program that provides investors with greater insight into our operations. We appreciate the patience everyone has shown and are committed to a program of regular and consistent communication.”
MSLP – Bounced off its low at .012, now at .015 (+25%)