Today, we feature Castle Mountain Mining Co Ltd (TSXV: CMM), a development-stage gold company, as the top momentum gainer of the day since it gained more than 12% during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, CMM was among the top gainers in the Canadian mining space having gained 15.3% and closed at its 52-week high of C$0.83 while recording huge volumes of over 548,000 shares.. During the past 5 trading sessions, CMM rallied over 38% with daily average traded volumes of 216,840 shares, while the stock accumulated nearly 54% in the past one month with daily average volume of 124,413 shares. In December 2013, the company announced closing of $5 million bought deal financing. Net proceeds of the offering will be used for the next phase of work at the Castle Mountain property and general corporate purposes.
Company Description:
Castle Mountain Mining Co Ltd (TSXV: CMM) operates as a gold mining company. The Company engages in the drilling, exploration, management, and production of gold mining properties in the State of California.
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