Vista Gold shares jump 19%, company declines comment

Michael Allan McCrae | September 13, 2011 | 1:50 pm Precious Metals Australia Europe Latin America Gold 

Vista Gold (AMEX:VGZ) had no comment on why its share price jumped on Monday. Shares were up from $3.70 on Friday to $4.41 by the end of Monday, a 19% gain.

“Vista Gold Corp. (“Vista” or the “Company”) (TSX & NYSE Amex Equities: VGZ) announced today that as a result of unusual market activity in the Company’s common shares on September 12, 2011, the NYSE Amex contacted the Company in accordance with the NYSE Amex’s usual practice and requested that the Company issue a public statement regarding the unusual market activity. The Company states that its policy is not to comment on unusual market activity,” said the company in a news release.

The company has a market capitalization of $313 million.

Vista Gold is developing the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico.

Image from Google Finance.

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Comments

  • Dan Oancea

    Their comment is that they’re not going to comment… What would have been their comment if share price would have dropped? No comment again? C’mon a little bit of transparency here.

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