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

By Staff,

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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 Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: VGZ

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