Even the temporarily halted trading of Columbus Gold Corporation (CVE:CGT), (PINK:) stock was not able to stop its flying up these days.
Today, the cooled investor optimism made an attempt to make a price correction, slightly pulling back CGT share price at the beginning of the trading session.
Though the 3.85% returning back, it is difficult to predict how CGT will close today on the accumulated golden news from the company and on the emotions of investors.
In the last days of November, Columbus Gold Corporation announced the acquisition of the Browns Canyon property, which according to the company’s announcement is its next highly prospective gold property in Nevada.
On the addition of the last of the total 23 projects in the company’s gold property portfolio, the shares made a reasonable price jump up. On Friday, Columbus Gold Corporation announced its next in row option agreement to acquire the Paul Isnard gold project in French Guiana, including the 2 million ounce Montagne D’Or gold deposit.[BANNER]
After trading resumption on the TSX Venture Exchange, CGT soared 82.46% between the sessions, closing at $0.52 per share. On the same day, on the American OTC market the share price exploded, touching new highs. CBGDF stock added 103.70% to its price.
From the date of the news about the Browns Canyon property, the stock of Columbus Gold Corporation counts a higher return on investment (ROI) than that of gold. In a time frame of almost two weeks, the golden CGT stock granted its investors ROI of 117%.
