As opposed to yesterday’ s boom, North American Gem Inc. (CVE:NAG), (PINK:NGEMF) stock opened the trading session with a 4.35% price decline.Yesterday, the shares of North American Gem Inc. bounced off the bottom aggressively in unison with the company’s strategy to acquire aggressively leases and permits in Kentucky to allow for future growth.
Being at the bottom for more than two months, NAG stock closed the trading session with a 15% price increase between the sessions on a volume of more than 5.7 million shares changing hands.
Since there was no official announcement from North American Gem Inc., one of the possible reasons for the stock rush remains the speculative interest in the company’s shares.[BANNER]
The other factor able to result in such NAG stock stir were the granted by the company incentive stock options. At the end of last month, North American Gem Inc. granted options to its directors, officers, consultants and employees to purchase 3 million common shares, exercisable for a period of five years at a price of $0.10 per share. Maybe some of these mentioned holders were eager to exercise their rights these days.
North American Gem Inc. is a junior resource company in Western Canada. The company has already one mine in operation. NAG acquired also an additional mining lease that is fully-permitted and slated for coal production immediately.
