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Minco Gold Up 9% in High Volume; Rally Carries Stock Back Near Recent High

Minco Gold (MMM.TO,MGH) shares are up as much as 13% today and currently are ahead about 9% despite no apparent news for the mining company. Volume also is much higher than usual, with nearly 385,000 shares changing hands -- more than three times its normal volume.

The surge has lifted Minco stock back near its recent highs before a two-day slide earlier this week. The stock also remains well below its 52-week high of $2.85 a share set back in January after Minco announced it had purchased a 51% stake in Tugurige Gold Project near Mongolia.

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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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