New World Gold Corp (NWGC) Stock Resumes The Uptrend: Are You Excited?

New World Gold Corp (OTCMKTS:NWGC) jumped 74% after announcing the acquisition of a placer claim in South Dakota.  The company officially purchases the 160 Acre Placer Claim located in the south western region in South Dakota that centrally intersects three small tributaries.

The claim is found in Pennington County sitting in a Federal Land with licensing of Mineral rights expected to be through Rock Creek Mining & Exploration Co., its wholly-owned subsidiary.

 Bob Honigford, the company’s CEO, said that South Dakota has a rich history of precious metals prospecting with more than 50,000 mining claims in Federal land. He said they are optimistic they have picked the right region for expansion. The company has been looking to update its filing and get upgraded to “pink current.” Following a recent court proceeding, the company was officially reinstated, and there is word that the company might be expecting a Reverse Merger soon.

Currently, NWGC is among the best RM stocks of the OTC because of its ability to make short-term gains. Therefore, in the coming weeks, NWGC is a stock to watch.

Market Reaction:

On Friday, NWGC stock soared 74% at $0.0099 with more than 260.25 million shares, compared to its average volume of 107.63 million shares. The stock has moved within a range of $0.0051 – 0.0104 after opening the trade at $0.0060. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0367.