These days, investors in GMV Minerals Inc. (CVE:GMV), (PINK:GMVMF) stock appreciated the significant advancing of the share price, inspired by a few factors.
Yesterday, on the TSX Venture Exchange GMV closed the market with a shot new 52-week high at $0.74 per share. The new price record was confirmed by a trading volume exceeding seven times the daily average for the company.
The first signals for the stock stir came this Monday, immediately after the held at the end of last week annual general meeting of the shareholders. Then, the price of GMV jumped up with 30%, maybe as a result of the optimistic mood coming from the shareholder meeting.
Yesterday, parallel to the announced re-election of the company’s management body, GMV made an exploration update on its gold properties in Guyana, South America.
Maybe a not less important factor for the shares’ rush these days was also the fact that Sprott Gold and Precious Minerals Fund and Sprott Small Cap Hedge Fund increased on Monday their holdings in the company’s capital for investment purposes up to 9.6%.
Correlated with the performance of the securities of most of the other exploration companies focused on the discovery of gold assets, the shares of GMV Minerals Inc. are constantly climbing up in the last months. Yesterday, GMV stock made its next step to the new highs, adding 48% to its value in a week. This was made possible thanks to the overall bullish mood about GMV and the not known price target for today.
GMV Minerals Inc. is an exploration stage company incorporated in 2006. The main business activity of the company is the sourcing and exploration of mineral properties with a main focus on the exploration and discovery of gold assets in Guyana, South America.
