Having a look at the volume traded this morning and the market depth, it is clear that it will not take much for this to fly. The paltry volume available to pick up will only drive the price rapidly higher with any decent volume orders placed.
Look at the action over at ORE to see the potential price impacts for GXY. They are up over 6.2% and still rising.
The knock-on effect will be felt shortly. Then, when any news is released on GXY, it will gain on its own momentum.
Looking for a big week this week. A $3 handle is very likely.... IMO.
GLTA
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