Reviews

2014 Review of Online Brokers
Investors Business Daily
Top 20 Baby Boomer Sites
«  
  »
Bookmark and Share

Micro-Cap in Focus; New World Gold Corp. (NWGC)

By Warren Paige

Shares of New World Gold Corp. (PINK: NWGC), a developer and producer of gold assets in the U.S. and internationally, are down sharply in trading today.

NWGC shares are currently trading 5.26% lower at $0.0900 on above average volume of 867,409.

New World Gold on Tuesday announced that it hired an independent mining engineer to assess its additional new reserves. NWGC, which has existing operations in Ecuador and Peru, said that previous reports suggest that it has 695,000 ounces of proven, developed ounces of gold.

NWGC said that its near-term goal is to process 150 tons of ore per day. By the end of September 2012, the company plans to process 250 tons of ore per day.

New World Gold expects substantial growth as it brings its mills up to production capacity and brings additional concessions on production.

 

June 13th, 2012 | Tags: | Category: Hot MicroCaps

Enter your email address and receive this feed daily:

Delivered daily by FeedBurner

------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

No comments


Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


-------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.