the market, while its traded volume exceeded 1 million shares for the day. A shocking value for DUCP as compared to its average 3-month volume of approximately 61 thousand shares.Most probably, that’s a sign that traders are not much certain about the stock and they dump their shares, while the price constantly jumps up and down.
According to the records, the trading range of DUCP is currently around $0.22, however, the stock’s market position doesn’t look much stable.[BANNER]
It turns out that recently the company has tried to push up its stock by promotions, though with no positive results. Apparently, discouraged by the missing news on Daulton’s operations, the investors have been losing their enthusiasm about the stock.
On its website the corporation reported it was negotiating an option agreement on two key Gold Projects in Canada, however, the date when the news was published is unknown. But judging by the last sentence: “A drill program is being plan for early 2010 field season”, we may assume that the announcement has already expired.
The only information available on Daulton is its financial report, which looks almost empty of revenues and cash resources and shows that the company’s liabilities are higher than the other values on its balance sheet.
According to its quarterly report, DUCP intends to generate profits through the excavation of mining prospects. However, the company “will need to raise the funds required for excavation from third parties”, as well as to cover its stockholders’ deficit of over $82 thousand.
