Lone Star Gold Inc (OTC:LSTG) got to a new price high yesterday. The reasons for the increase are probably a press release by LSTG and the next round of paid promotions.
After almost 902 thousand LSTG shares had changed hands, the price reached $1.34 at the close – an 11.67% increase.
The company issued a press release early in the morning. It was an update on the La Candelaria gold-silver project. Among other things, LSTG stated that drill mobilization onto the South East zone of the property is expected by late September.[BANNER]
Perhaps, the performance of LSTG was further boosted by a number of newsletters that mentioned the company. The newsletters keep on coming, and it’s not clear whether the campaign will end any time soon.
FINRA’s daily file shows more than half of the volume yesterday came through shorting. With huge promotional campaigns shorting can be more risky than usual as it is not easy to see when the run up will stop. Traders should be careful when choosing whether, and how, to play this one.
