Nevada Gold Corp. (OTCBB:NVGC) Goes Higher, Breaches Half a Dollar per Share

[[tagnumber 0]]Thanks to all the artificial hype created by the paid promotion Nevada Gold Corp. (OTCBB:NGVC) is making a rather impressive upwards climb. For the last 13 sessions NVGC have closed in the red only once and during yesterday‘s trading their stock managed to surge past half a dollar and closed at $0.53, its highest point for the session. The climb happened on record for the company number of 5.1 million traded shares resulting in an impressive dollar value of $2.57 million. [[tagnumber 1]]With the heightened interest in the stock and new email alerts sent by Stock Castle and WalllStreet Advisors, NVGC may reach even higher price ranges but investors should keep in mind that each step higher brings the ticker closer to the inevitable crash. The previous target of the involved newsletters – iTalk Inc (OTCBB:TALK) wiped more than 95% in the aftermath of the pump dropping from a high of $2 to 9 cents per share in just six months.[[tagnumber 2]] [[tagnumber 1]]As we have said in our previous articles about the company, NVGC is unable to support its disproportionate market price without help from the pumpers. Their fundamentals are in a dismal state with exactly $14 !!! in total assets for the quarter ending August 31. With no mining operations and testing of the Diamond Jim Mine starting just a few days ago NVGC is as risky a choice as it gets. Not to mention that insiders of the company have 28 million shares bought for just $0.002 and are more than likely reaping some handsome profits at the current share prices.[[tagnumber 2]] [[tagnumber 1]]It is always for the best to be extremely cautious when dealing with pennystocks and especially so if they are being actively touted. At the moment there are quite a lot of pumped stocks in various industries. The medical Life Stem Genetics Inc (OTCBB:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=LIFS“>LIFS</a>) is touted by a $1.78 million campaign, a paper mailer for Fresh Vending International, Inc. (OTCBB:VEND) has been put into circulations disclosing a budget of $1.3 million, and as of yesterday a $ 600 thousand promo for Amazonica Corp. (OTCBB:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=AMZZ“>AMZZ</a>) was initiated with the creation of landing page.[[tagnumber 2]]