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Energold At Day High After Reporting Strong Q3 Revenues Across All Business Divisions

Energold Drilling Corp. (EGD.V) is now trading about 10% higher at day high $4.09 after announcing continued growth and another profitable quarter reflected by strong demand in all business divisions of Mineral Drilling, Manufacturing and Energy in the Energold Group.

The company said that for the quarter, it recorded $8.2 million in net earnings or $0.20 earnings-per-share, as compared to $1.1 million net earnings, or $0.03 EPS in the same period of 2010. It is in excellent financial position with a working capital position of $72.0 million including cash and cash equivalents of $25.5 million, the company added.

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

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