Positive exploration news sends U.S. Gold (UXG) shares higher
Posted on May 21, 2008 at 08:14 AM EDT
Over the past nine months, U.S. Gold shares ( Amex:UXG ) lost two-thirds of their value even while gold itself flirted with over-$1000 prices. The problem? A toxic combination of mildly-disappointing exploration results and sky-high investor expectations. Shareholders apparently focused on CEO Rob McEwen’s past achievements and assumed a bonanza strike would be announced any day. Unfortunately, mining [...]