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Pershing Gold Corporation Message Board

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  • ag47xray ag47xray Dec 12, 2012 12:22 PM Flag

    Tuesday--12/11/2012..First 3 Minutes, Volume was 366K, NEWS???

    The reason for the lack of price movement is related to the trading volume relative to the number of outstanding shares (260 million+) and the float (104 million). A trading average of 600 - 700 K per day relative to the float of 104 million equates into only 0.6% of the shares being traded. In most cases, it will take a significant increase in the daily volume to realize a noticable shift in the share price. Hopefully, the increased exposure will spark some interest and we'll start to see some movement in 2013.

    Sentiment: Buy

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4.20-0.07(-1.64%)12:37 PMEDT