The increased trading activity of Daulton Capital Corp (OTC:DUCP) stock led to a price breakdown today. Increase in trading volume came as the market was excited to hear about the potential of the Hunker property, which was described in the latest press release made by Daulton. However, the lack of worthwhile discoveries failed to define a stock price direction and eventually led to a booming breakdown.
The company announced they have found anomalous gold in the soils, but that doesn’t mean their claim contains mineable gold. Nothing conclusive or game changing was announced in the report, as it only pointed out that the property holds exploration potential and consists of all types of mineralization.[BANNER]
Shortly after the market opened traders were also encouraged to purchase the stock by at least three newsletters, which likely picked up the increased trading activity.
Daulton Capital officially operates as a natural resource company with focus on precious metals and oil. Their current ventures concentrate on the exploration of mining claims in Canada’s Yukon Territory, where other companies managed to find significant gold mineralization.
The development stage company had only $8 thousand in cash at the end of July, 2010, according to their quarterly report. Liabilities were triple the value of their assets at the time and were $140 thousand.
