Amarillo Gold (AGC:TSXV) soared 27% Thursday to close at $0.23 per share. Liquidity has continued flowing into gold stocks and Amarillo is no exception. Nearly 400,000 shares exchanged hands Thursday. Over 1 million shares have traded in Amarillo’s stock since April 13th.
Market Vectors® Junior Gold Miners ETF closed up 4.5% to $36.38 – its highest close of the year or since the fall of 2014.
Investors wondering whether the current bull market in gold stocks has legs got an answer Thursday. Not only did the majority of junior and senior gold stocks rise, but volume increased as the GDXJ traded a whopping 17.82 million shares.
Thursday’s trading action was the most liquid day since March 23rd in the ETF, when it traded 19.4 million shares. Today’s volume becomes even more impressive when you consider that, on the 23rd, the GDXJ traded between $26.75 and $27.98 per share.
Amarillo Gold tops gold stocks in April Stock Challenge
Amarillo Gold’s shares were awarded the Daily Stock Challenge Breakout award Thursday.
Google search volumes surrounding Amarillo Gold are interesting to say the least. From a low of just over 300 searches in December, queries jumped to a high of 880 in February. While dropping off in March, this is an interesting statistic and representative of rising interest in gold stocks.
We discussed this tactic and pattern of increasing searches and their correlation with rising stock prices in our latest Pinnacle Digest Podcast titled Time to believe in this TSX Venture Bull Market?
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Long-time Pinnacle member ‘thinker70‘ has taken the lead in April’s Stock Challenge as we approach the final day of trading.
His two TSX-listed stocks have combined to average him a return of 108.61% thus far. With only one day remaining, ‘atlevan‘ and his 97.79% return is within striking distance of the silver bullion and bragging rights. There are no past Stock Challenge Champs in the Top 10. Either way, we will have a brand new Champion tomorrow when the final bell of trading rings out.
The returns this month have been nothing short of phenomenal, with even 10th place putting up an incredible 70.65% return thus far in April.
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