Great day, closed at (.064) Today saw 84 trades totaling 1,357,255 shares traded, 95.7 % buys, 2.8% sells, per IHUB Streamer. Ended the day up 30.9% on the US side.
ON the TSX, the volume was 4,163,548 up 54.5% on the day.
I don't know..why the sudden interest today other than it has been grossly undervalued (for a 50,000 ounce per year producer) for the last month as the gold price shot from 1380 to almost $1540. Every other producer has seen tremendous appreciation, so I think Galane is just now catching up
I don't have the averages for TSX index, but the company did issue a statement:
Galane Gold Ltd. Comments on Market Activity
TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is responding to a request from the Investment Industry Regulatory Organization of Canada, following the trading activity occurring today in its common shares. The Company is not aware of any corporate developments or other reason for the recent increase in market activity.
About Galane Gold
Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”.
Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905 089878
Nick.Brodie@GalaneGold.com
www.GalaneGold.com
