I haven't seen strength in this company for a long time. I have been holding for a while and watch it run up to 25-27 cents then drop back to 20 repeatedly. But now it has broken that 28 cent resistance with plenty of volume to back it up.
Any speculation on what has caused this interest? It is just playing catch up to all the other small gold explorers? Is there a good announcement in the wings? Is there some takeover speculation? Is it just another pump and dump?
From previous experience with the run ups and sell offs it is tempting to sell out, but this one feels a bit different and my gut tells me there is something more going on.
Anyone else got any thoughts?
CVY Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held