Agoracom Blog

Evolving Gold (EVG: TSXV) Continues Strong Trading After Last Week’s Results

Posted by AGORACOM at 6:00 PM on Monday, December 8th, 2008

Last week, we wrote Evolving Gold Corp. (TSXV: EVG) (FSE:EV7) a recently added AGORACOM client that announced impressive assay results, including 131m of 2.74 g/t of gold.

As the IR firm, I can’t use anymore adjectives but I do suggest gold bugs take a closer look at the company’s full press release. In addition to the impressive assays, Evolving has about $18,000,000 in the treasury and appears to be catching some interest in the marketplace despite the fact we are in the 2nd week of December:

As you can see, today was another strong day in the markets for Evolving Gold. EVG closed the day up 2 cents to .22 cents on 375,000 in volume. Furthermore, EVG ended the day with a bid ask of .22/.23 with 50,000 on the bid and just 2,500 on the ask. With “assays still pending for holes RSC-008 through 015”, EVG is worth watching very closely.

With respect to the entire space, one of our employees stated “I haven’t seen this much green in my TSXV resource portfolio in quite a while.”

Though it is premature to call this a trend, we hope it’s an indication of what may be to come in 2009 for Evolving Gold and all quality juniors that were ravaged in the past 6 months. I emphasize “quality juniors” because, as readers of this blog know full well, I won’t shed a tear for the extinction of peanut butter small-cap resource companies that had no reason to be public other than to be promoted.

The recent activity in Evolving Gold shows that investors will always have an appetite for quality companies.


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