Placer Gold Corp. is a sub-penny gold play that has been consolidating in the $.002 range for over a month. Considering the buzz gold has been getting, as it jiggles around the $1000 per oz mark, penny stocks associated with gold should be getting some "pumpage" from investors.
PGCR appears to be a decent gold stock that is just above its all-time low and well off its late 2008 highs in the $.11 area. The last outstanding share update on Pinksheets.com shows 360 million shares with an authorized count of 500 million. Those numbers are reasonable for a stock at these levels.
Let's keep an eye on Placer Gold going forward.
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