The appointment of a new CEO gave the stock of Sagebrush Gold Ltd (OTC:SAGE) a fresh start last Friday as SAGE put on one of its best market performances in a while.
Following the appointment of Stephen D. Alfers, formerly of Franc-Nevada Corporation (NYSE:FNV), as Sagebrush’s new Executive Chairman and CEO, SAGE stock edged up $0.06, or 12.24%, to $0.55 per share, its highest close since Jan. 18, as well as its highest percentage gain since Nov. 8. Shifting 892 shares of common stock, SAGE scored both a 12-week record and a four-fold increase over the daily average trading volume.
Needless to say, SAGE’s Friday market run has barely gone unnoticed, hence the brand-new promotional email which hit investors’ mailboxes last night. A paid promoter known by the name of MiningstockAlerts.com provides a full-on comprehensive profile on SAGE. In addition, the promoter reveals to have previously been paid $25 thousand for a four-week IR contract designating this very email as part of this contract. That is why, the prospect of the latter having a position in the company’s securities which could be sold at any moment does not really seem a far-fetched one.
Sagebrush Gold, Ltd. is an exploration-stage junior mining company focused on exploring Nevadan properties for gold. The company’s main asset is the so called Battle Mountain Eureka Trend which is supposed to be containing huge gold deposits. At this stage, however, SAGE has yet to prove this.
