New World Gold Corporation (NWGC) Stock Gains Momentum: What Next?

Those who are currently watching gold stocks closely might have noticed that the New World Gold Corporation (OTCMKTS:NWGC) stock emerged a strong mover on Friday. The stock was in considerable focus yesterday and ended the day with gains of as much as 30% amidst heavy action.

The rally in the stock might have been triggered by an announcement from New World Gold with regards to a placer claim acquisition in South Western South Dakota. The claim spans across an area of as much as 160 acres and is situated on Federal land.

In this regard, it is important to point out that it will be possible for New World Gold to get mining rights for the claim through its fully owned subsidiary company Rock Creek Mining & Exploration Co. However, that is not all. The company is making preparations quite diligently and has also hired the services of Burgex Mining Consultants for soil sampling work at the property.

The sampling work is expected to begin at some point in the coming weeks. Investors need to keep in mind South Dakota has a great legacy when it comes to precious metals and investors could consider New World Gold’s work at this property closely.

Market Reaction:

On Friday, NWGC stock went up 29.23% to $0.0084 with more than 91.07 million shares, compared to  its average volume of 102.41 million shares. The stock has moved within a range of $0.0062 – 0.0097 after opening the trade at $0.0097. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0367.