Vista Gold Spikes Falls Back After Making Strong Gains On Australia Update

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Shares of Vista Gold Corp. ( VGZ ) are now down 0.27% to $3.70, after adding to Monday's strong showing and rising in earlier trading to $3.88 on news the company issued an update on drilling results from its ongoing resource conversion drilling program in Australia.

The stock gained more than 5% and closed at $3.71 on Monday. It opened at $3.85 today and edged up another bit in early trading before profit taking.

Highlights of the most recent three drill hole results include: 1.32 grams per tonne (g/t) gold over 149 meters in VB12-015; 1.49 g/t gold over 129 meters in VB12-016; and 1.54 g/t gold over 33 meters, including 5.22 g/t over 7 meters in VB12-017.

VGZ is trading within a 52-week range of $2.28 - $4.16. Shares have increased 9% in the last 12 months.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: VGZ

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