Gold Dynamics Corp. (OTC:GLDN) has been constantly rising since the beginning of June. During this period, the stock step by step climbed from $0.09 to $0.24, which is a 160% gain in total.
At first sight, this rise can be e perfect luring factor for many investors, but on a second look there is obviously low liquidity which can disenchant GLDN stock. In general, the stock has a daily average of only 9 thousand shares, which is lower than 2 thousand dollar volume per day.
Even when the stock started to attract more investors with its steady climb, the generated volume couldn’t exceed more than 70 thousand, which despite being eight times higher than the daily average is still low when turned into dollar volume.Â
Basically, this means investors are very likely to face a problem when they decide to close or open a position in the stock.
Another point worth mentioning about GLDN is the stock promotion that took place yesterday. It was started by Hot Otc, who received $15 thousand for the service. The promo letter was sent out around the middle of the trading session. The newsletter pointed out that there was an unusual activity going on with GLDN stock.[BANNER]
What is unusual in the case of GLDN, is the fact that prior to the started surge there was almost no trading of the stock on the market. In fact, the stock reached a record trading volume in the last week.
Shortly after GLDN started to climb, the company published two press releases. The last one indicated that GLDN had signed a letter of understanding with Artemio Terrazas Arredondo for the Santiago Gold Property located in Mexico.
ON the whole, it seems that the company is going out of a prolonged slumber, but it is still early to do any predictions about its market fate. For, it is possible that GLDN gets back to its latent status that has been ruling the stock for nearly a year.
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