Ekaterina Zelenkova
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Is Eso Uranium Corp (CVE:ESO), (PINK:ESOFF) Stock Rushed with a Month Delay?

by Ekaterina Zelenkova Nov 29, 2010
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ESO_price_chart.jpgToday, Eso Uranium Corp (CVE:ESO), (PINK:ESOFF) stock entered the market striking a new 52-week high on no official company's news for a month.

Overwhelming bids on ESO stock at the beginning of the week look like a continuation of the bullish mood of investors from Friday. Then ESO closed at $0.13 per share on a volume of more than 5 million shares changing hands. This was the next in row ESO price jumping up between the sessions that touched exactly 30%.

In the last days of October, Eso Uranium Corp released the results of its initial drill program on the Donna Gold Property in South Central British Columbia.

Maybe the announced last month by Eso Uranium Corp proven gold-silver mineralization targeted on the western side of earlier trenching and the planned further drilling resulted in a rush for ESO stock last week.[BANNER]

Although ESO stock is since Friday in the overbought area, at the beginning of the trading session today buyers' pressure on no official news related to any developments of the company shows added 11% to the value of the share price. For sure the reason for the shares' stir last week was not the appointment of the new auditor.

On the American OTC market, the share price increase is also highly appreciated. ESOFF entered the week 19.64% higher than it closed on Friday.

ESO_from_the_site.pngIt is not difficult to guess what the following reaction could be.

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