With gold pushing record highs it seems any stock associated with gold/ gold production is catching a bid. One stock that seems to have slipped under the radar is DKGR, Drake Gold Resources. This stock was recently reinstated after almost two years of dormancy. This looks like a new start for this stock and its shareholders.
The company's new website and blog seems to confirm that. In that blog these two sentences really caught my attention: "The Company is working towards a complete turn around, bringing both tangible assets and an expanded Company focus. Management's plan includes a focus on expanding its investment portfolio to include property holdings in real estate and precious metals."
When DKGR was actively traded years ago, it was over $.01 a share, or 700% higher than current prices. With the company clearly stating a turn around is coming, you would have to think a return to previous price levels could be in the cards, especially when precious metals and gold is concerned.
With gold at record highs, investors are looking at every chance to take advantage of it. Anything associated with gold is hot right now and I expect DKGR to be a part of that trend. With the company renewing its efforts and ready to update its investors, now is good time to be looking into this stock.
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2 comments:
DKGR, actually is was just over .02 not .01 two years ago
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