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Follow on Google News | Market Update From PennyToBuck Including Gold American Mining CorporationGold American Mining Corp. (SILA.OB) is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential.
By: Justin Handy The Company recently entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. SILA reported they received funds in the amount of $300,000 in virtue of this agreement and that SILA still has a balance of $7.2 million that SILA could call upon to fund their exploration and acquisition strategy. During 2010, SILA have received total equity subscription proceeds of $500,000. SILA.ob share prices closed at $1.16 as of July 26th, 2010 with their total volume at 994,557 shares. SILA.ob’s average volume has been 238,000 shares trading. SILA.ob’s total outstanding shares accumulate up to 85.93 million out of which 40.93 million shares are floated in the stock market. Take a look at the price history (click here) of SILA.ob over the last 52 weeks it traded between $0.45 to $1.45. Technical analysis suggests it appears that SILA share price has defined its support level of $0.45 and resistance of $1.45. Despite the current market share price it is in the upper price range of its historical prices and still has a considerable margin for capital gain. A bullish activity has also been witnessed in SILA.ob stock as it was trading around $0.65 a week ago and has seen improvement of 78% percent in just one(1) week supported by high trading volumes. June 30th ,2010 stats on SILA.ob Last Trade: 0.90 Change: 0.05 (5.88%) Prev Close: 0.85 Open: 0.82 Bid: 0.86 x 2500 Ask: 0.92 x 2500 Day's Range: 0.81 - 0.98 52wk Range: 0.40 - 1.45 Volume: 337,128 Avg Vol (3m): 239,923 Market Cap: 77.34M ABOUT GOLD AMERICAN MINING CORPORATION Gold American Mining Corp. is a publicly traded precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American's website at www.gold-american.com. ******************************************* There is no telling where they will go. As Always Do Your OWN Research. For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (http://pennytobuck.com/ # # # Justin Handy justin@crownequityholdings.com Main: 702-448-1543 Fax: 702-479-7151 Toll Free: 1-877-854-6797 5440 W. Sahara Ave. Suite 205 Las Vegas,Nevada,89146 End
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