Silver Dragon Resources Inc (OTC:SDRG) has been on a momentum ride since Dec 27, 2011.
On that day, in fact, SDRG hit a new 52-week low at $0.035 and since then it bounced up apparently on a predominantly technical impetus.
The bounce unfolded the next couple of days in which SDRG registered several significant price surges.
Thus on Dec. 28 the stock bounced up 38.89% and the next day another 10%. During this period ADRG share value increased up to $0.055 per share or an aggregate 57%.
The share price surge was supported by a strong increase in the trading volume as well. On the last session for example nearly 2 million 
shares changed hands. For comparison, the daily average volume is four times lower at 500 thousand shares.
The stock and volume surge combined gave enough reason for investors to perceive a momentum building in the stock which has additional bolstered the bullish period of the stock.
How long this bullish period will last, however, is not certain at present. Investors will have to follow technical indicators for guidance until a press release or a report exerts a fundamental influence on the stock.
