NP says get bit with profit from Evolving's Rattlesnake
Evolving Gold Corp (C:EVG)
Shares Issued 90,954,538
Last Close 10/2/2009 $1.18
Monday October 05 2009 - In the News
The National Post reports in its Saturday edition that Evolving Gold is generating upbeat news from Wyoming, a place that in the last 50 years has seen few profitable gold mines. The Post's Peter Koven and David Pett write in the FP Investing column that drilling results, released in early July, from Evolving Gold's Rattlesnake Hills project near Carson City demonstrated "a major new body of gold mineralization." Shares of the Vancouver-based company popped in mid-July, tripling in value in just two weeks. Evolving Gold shares finished Friday off a penny at $1.18 on the TSX Venture Exchange. At the start of July, Evolving Gold stock was trading between 40 cents and 50 cents. By the end of July the shares had popped to its 52-week high of $1.94. Now with a market cap of $106-million, the company continues to test the Rattlesnake Hills area aggressively. Fundamental Research analyst Vincent Weber says, "We believe the Rattlesnake project is one of the most intriguing North American gold discoveries in recent times due to its potential to be a multimillion ounce deposit." Aston Hill Financial vice-president Joanne Hruska says, "If you make some money, don't be greedy and take some profits off the table."
