The All American Gold Corp (OTCMKTS:AAGC) is currently an exploration stage firm. At this point, the company is primarily involved in acquiring, developing, and eventually exploring mineral-rich properties. The All American Gold Corp stock has come into considerable focus this week among investors and has managed to record significant gains amidst high trading volume.
While the gains made by the stock have been eye-catching, it is also necessary to point out at the same time that there has been no recent news with regards to the company that could have brought about such a rally. That being said, it might be a good idea to take a look at the disclosure documents filed by All American Gold Corp.
The company has been active in its efforts in trying to bring its filings current with the OTC Markets. Back in February this year, All American Gold Corp filed the financial results for the different quarters and for the full years for 2019 and also for 2020. Hence, it can be argued that the fact that the company might be on the verge of going current has resulted in considerable optimism among investors with regards to its stock.
Yesterday, the All American Gold Corp stock managed to soar to $.00496 a share from $.0091 a share to clock gains of as much as 119%. However, it is perhaps more important to point out that the trading volumes in the stock had gone up to a staggering 194 million shares on Monday morning. That reflects considerably heavy action considering the fact that the All American Gold Corp stock recorded a trading volume of 11.6 million shares a day over the previous 10 days.
Over a 30 day period, the average daily trading volume had been only 38.8 million shares a day. Hence, it is clear to see that the stock commanded massive interest from among traders on Monday.
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