It has been a short and glorious free fall for Sagebrush Gold Ltd.(OTC:SAGE). One that would lead to the 52-week low in the share price. It would also lead to an all-time high in terms of trading volume. Why did this happen?
There have been many, many 8-Ks coming out recently, because there have been many press releases coming out related to all the negotiations, staff editions etc. Obviously, not that inspiring for traders, given the performance on the stock market. On the other hand, there have also been numerous promotions in the last few weeks, which also had their effect on the trading activity and the share price direction.
It is also interesting to mention that it was on Wednesday when Sagebrush announced that drilling at its Relief Canyon Gold project has commenced that the stock reached its 52-week lowest price of $0.49 per share. Luckily, the next one showed an 18% increase in the stock price, being another day of vivid trading activity. [BANNER]
Now, the third quarter of 2011 is over, so financial results should be expected in the next several weeks. The thing is, it is quite possible that the last quarter of the year could sparkle emotions. Sagebrush so far has filed 10-Qs which are neither inspiring, not particularly bad. All in all, it is uncertainty that prevails, and it is yet to see whether the right steps are taken so that it would be changed with sustainable growth in the months to come.