RSG_price_chart.jpgSearchgold Resources Inc. (CVE:RSG), (PINK:RCGDF) stock has been woken up, not known for how long.

The share price tried to make a value compensation for the long-term flat move and weak performance.

Yesterday, on the Canadian and on the American market the shares of Searchgold Resources Inc. were demanded more than gold is demanded these days.

On the TSX Venture Exchange, RSG stock spiked 50% on a volume of almost fifteen times the daily average trading volume of the company. Jumping up to a new trading range, RSG closed at $0.06 per share and shot a new 52-week high.

Spectacular shares’ performance was noticed also on the American OTC market. The not so often traded RCGDF bounced 238.55% up on almost a quarter of a million shares changing hands.

For the first time since the hot June when the company’s capital consolidation did not get approved, Searchgold Resources Inc. released yesterday news related to its sunk in oblivion due to the economic and political situation in Gabon project. Maybe investors appreciated the good news and the strong upward move of the share price also for the fact that this time the news was related to the company’s own development, and not to that of its satellite.

At the beginning of last month, Searchgold Resources Inc. made an update on Stellar Diamonds plc. (Stellar). The Mandala alluvial diamond project is 100% owned by Stellar and comprises two alluvial mining concessions in southeastern Guinea.[BANNER]

According to the latest available financial statements of the company, SearchGold holds a 2.8% interest in Stellar, holding 2,672,629 Stellar shares.

RSG_from_the_site.pngDespite SearchGold’s strategy to advance numerous assets through satellite corporate structures, it looks like investors with long positions on the company’s stock maybe preferred to support the share price jump up on news related to the company’s own development.

For those having short positions, SearchGold’s stock will remain a good tool for searching gold.