Shares of Gabriel Resources Ltd (TSX: GBU), engaged in the exploration and development of mineral properties in Romania, recorded over 20% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. GBU was among the top performers in the Canadian diversified mining sector after gaining 20.3% and closed at $0.42 Thursday, while recording significant trading volumes of 739,991shares. Recently, GBU announced that its initial combined heat and power (“CHP”) energy plant is expected to complete by first quarter of 2015. During the past 5-trading sessions, GBU lost 11.7% with daily average trading volumes of 914,802 shares, while the stock accumulated 46.7% loss during the past one month with daily average trading volumes of 512,614 shares.
Company Description:
Gabriel Resources Ltd (TSX: GBU) is engaged in the exploration and development of mineral properties in Romania. Gabriel is at the permitting stage in the process to develop, construct and operate the Rosia Montana gold and silver project, an undeveloped gold deposit in Europe.
1-Year Stock Chart:
Source: Bloomberg
