As it was last month, pushed by a stock promotion Gold Bag Inc (OTC:GBGI) stock may unleash the bold bullish mood of investors again.
At present, except for the latest stock promotion, there is no news or developments to move up GBGI from its Friday’s pull back.
Though the lack of recent company’s press releases will withhold investors to support the share price sour, as the price chart shows GBGI jumped up 26% last Wednesday.
Today, GBGI rose 4.31% immediately after the trading session started.
At the end of the week, the shares of Gold Bag Inc closed the market with a 7.94% price decline after the trading on Thursday, when the 380 thousand share turnover resulted in no change in the price.
Maybe, as an adequate response to the rapid rolling down of GBGI from the end of the week, “red stock alerts” and a brand new disclosure about a starting stock promotion seemed to be useful for the shares’ performance in the coming days.
As opposed to the huge number of stock promoters last month, the starting today investor awareness campaign on Gold Bag Inc is with a smaller budget. At present, there is information about only one stock promoter, which will be compensated for the expected stock rush.
In February, the amount of $105K was spent for a few days of GBGI’s promotion. Now, the budget of only twenty thousand dollars may bring forth better shares’ performance, due to the recent higher trading range.
One of the possible reasons for this is the recent GBGI’s presentation, published on the company’s web site with information included about the gold projects of Gold Bag Inc.
In unison with the above mentioned stock promotion, these two marketing tools may increase the demand for GBGI.[BANNER]
As stated in the last official company’s disclosures, Gold Bag Inc. has rights related to a few projects.
According to the option agreement with Victoria Gold Corp. from last October, GBGI has the right to acquire an ownership interest in 16 gold mining claims. Eight of them are located in Currie Township, Timmins Mining District, Ontario and are known as the Watabeag Property. The other eight mining claims are located in Bowman Township, Timmins Mining District, Ontario. They are known as the Russell Creek Property.
The company is also focused on the so called Huicicila project. One of its advantages is that it was historically mined by Asarco back in the 1930’s. The Project is covered with five mining claims with a surface of 1012 hectares.
