Pershing Gold Corporation (NASDAQ:PGLC) : Traders are bullish on Pershing Gold Corporation (NASDAQ:PGLC) as it has outperformed the S&P 500 by a wide margin of 12.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.3% in the last 1 week, and is up 13.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 16.42% and the 50-Day Moving Average is 19.1%.
Pershing Gold Corporation (NASDAQ:PGLC): stock turned positive on Friday. Though the stock opened at $4.84, the bulls momentum made the stock top out at $4.98 level for the day. The stock recorded a low of $4.78 and closed the trading day at $4.93, in the green by 1.65%. The total traded volume for the day was 714,478. The stock had closed at $4.85 in the previous days trading.
In an insider trading activity, Honig Barry C, Director 10% Owner of Pershing Gold Corp. had purchased 10,000 shares on June 29, 2016 in a transaction. The price per share was $4.25 and the total amount of the disclosed transaction was $42,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Pershing Gold Corporation is a gold and precious metals exploration company pursuing exploration, development and mining opportunities primarily in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. All of the Companys activities on all of its properties are exploratory in nature. The Company operates its business directly and also through its wholly owned subsidiary, Gold Acquisition Corp. Gold Acquisition Corp. owns and is conducting exploration on the Relief Canyon Mine property in northwestern Nevada. Pershing Gold Corporation owns directly and is conducting exploration on the Relief Canyon expansion properties adjacent to the Relief Canyon Mine property.