Silver Dragon Resources Inc (OTC:SDRG) closed the week on the massive trade. After a few price hesitations, the stock got 
the climb on Thursday, and on Friday it soared the impressive 23.26%.
Along with the price jump, traded volume of SDRG reached approximately 4 million shares for the day. Whether the up move will continue this week should be seen in a while. Though, the reason for the gain remains in mystery.
Historical records show that Silver Dragon has not released any news on its business recently and no one is informed about its current operations. The last announcement by the company came up on Feb 23 when SDRG issued a press release on its 2011 exploration results and 2012 exploration and development plans for Dadi Silver-Polymetallic Project.
After this announcement was released, no further updates on Silver Dragon have been revealed.
Silver Dragon Resources Inc. is an exploration stage company and engages in the acquisition, exploration, and development of silver and other mineral properties in China and Mexico. As of September 30, 2011 the company’s current assets have substantially increased, though its liabilities remained uncovered. In addition, the net loss rose up and the deficit accumulated during the exploration stage hit the shocking $38 million.[BANNER]
The management stated they had not yet achieved profitable operations and due to the incurred losses since inception they have doubts as to the company’s ability to continue as a going concern.
According to the team, SDRG is dependent upon its ability to obtain the necessary financing to repay liabilities when they come due, and in the long-run is dependent upon achieving profitability. However, realization values may be substantially different from carrying values as shown.
