Northern Gold Mining Lower, But Above Day Lows; Strong Run This Week Ends

Northern Gold Mining (NGM.V) is down 1 cent at 40 cents, but is off a day low 37.5 cents with around 5.2 million shares traded as a recent small run up appears to be coming to an end. The stock was trading between 35 and 36 cents at the start of this week. It may have gained on strong gold prices as there has been no apparent stock specific news this week.

Earlier this month Northern Gold Mining announced two additional diamond drills and one reverse circulation drill will be added to its 2011 exploration program, which is presently utilizing two diamond drills. It said the current exploration program of 30,000 meters will be increased to 50,000 meters by the end of 2011.

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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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