Shares of Carlisle Goldfields Ltd (TSX: CGJ), engaged in the acquisition, exploration and development of mineral properties, with particular focus on gold and silver, recorded over 12.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session, CGJ gained 33.3% and closed at C$0.06, while recording significant trading volumes of 13.6 million shares. Recently, the company made announcements that it has received a request from Nordgold for consent to submit an offer to Carlisle’s shareholders for Nordgold to acquire all of the outstanding shares of Carlisle at C$0.096 per share and it has also received an initial payment of C$5,000,000 in respect of its binding Joint Venture/Earn-In Agreement with AuRico Gold Inc. During the past 5-trading sessions, CGJ gained 100.0% with daily average trading volumes of 3.4 million shares, while the stock accumulated 140.0% gain during the past one month with daily average trading volumes of 942,922 shares. The stock is up 33.3% year-to-date.
Company Description:
Carlisle Goldfields Ltd. (TSX: CGJ) operates as a gold and silver acquisition, exploration, and development company. The company markets its metals to jewelry manufacturers, dentists, and other users of silver and gold throughout Canada and internationally.
1-Year Stock Chart:
Source: Bloomberg
