The price increase of 16.41% on approximately 9.7 million traded shares had DRGI close at $0.0149. This latest attempt to change the general direction was very likely in response to the aforementioned PR.
A statement, which by itself doesn’t provide information pertinent to the company’s operations, can still have a positive effect. The announcement suggests that DGRI could file it’s annual financial report by the end of the month.
Most exploration stage companies trade based on potential. DGRI is no different in that aspect. As seen in its previous financial reports, the company will need additional financing, and if events from last year repeat themselves, shareholders could get hurt. In the nine months from December 31, 2009 to September 30, 2010 the number of the outstanding shares of the company increased by approximately 67%.
There are traders who express optimistic views on the future of DGRI. Additionally, the OTC Markets site shows the company on the OTCQB tier, and that fact gives confidence to some traders. Until the 10-K is out, however, barring some sensational event, there is little chance the price will go to the levels from February.
