Gold One International (OTCQX:GLDZY) is a mid-tier mining group with gold operations and gold and uranium prospects across Southern Africa with a focus on developing and mining low technical risk, high margin precious metal resources.
One Year Price Action
In the last one year, Gold one has witnessed significant stock price volatility. The stock declined from a peak of $5.01 in August 2012 to a low of $1.04 in mid-July 2013. After a 79% correction, the stock has surged by over 100% in the last one week and is currently trading at $2.1. Before discussing the reason for the recent price action, I would explain the reason for a 79% downside in the stock prior to...