Difficult to know what's behind the sudden uplift in buying PGD today. Share price up from 11.5c to close at 15c. To keep things in perspective a close of 15c is just coming back up to the cap raise level. However, at close of trade yesterday, buyers were relatively thin in general and only mediocre size parcels. Today, nearly 450k shares were traded and the share price rose 30%. As well as the higher than normal volume traded today, there are multiple 100k orders standing on the buy side at 12c or more, with a total of just over 600k in total buy orders now at 12c or more.
We are due for news on multiple projects and an update can't be to far away. Looking forward to the next 3 or so months with two large scale drill programs occurring together with gold mining activities once permits are granted and surveys from other projects. Plenty of price catalysts possible!
PGD Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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