"Trading in Resolute Mining has jumped and it is the most traded...

"Trading in Resolute Mining has jumped and it is the most traded stock in the past hour with 10 million shares trading hands. The price is up 5.4 per cent to $1.17 with volumes three times above average.
There is no company-specific news but the rise started soon after fellow-gold miner Newcrest finished a webcast about its $1.1 billion purchase of 70 per cent of the Red Chris copper and gold mine in Canada.
"Red Chris not only offers Newcrest the opportunity to deploy what it regards as its unique capabilities to a resource that fits its preference for low-cost and long-life resources, but it gives it a footprint in British Colombia and, indeed, North America. Newcrest has long harboured a desire for a North American exposure and has explored both acquisitions and a listing to get access to the premium investors have historically awarded gold miners with North American domiciles or listings."

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Seems a lot of volume on a lack luster day?