Ranger Gold, Corp. (OTC:RNGC) Retreived by Winning Penny Stock Picks
Penny stocks show up to feed an endless hunger for fast gains, and Ranger Gold, Corp. (OTC:RNGC) already performed for the fastest, and the next few days will show how the emailed promotion will continue to affect the stock. On Thursday, RNGC added 272% to a level of 4 cents on record buying, as previously the stock was almost inactive. 
While RNGC is a preliminary stage gold miner, it has managed not to bury itself in debt like other penny stocks have done. Its latest quarterly findings reveal the following: 
- $162,297 cash
- $3,000 total current liabilities
- Zero revenues
- $15,986 net loss
It seems RNGC is cautious, and has managed to keep its papers relatively clear of great financial pitfalls. However, its stock is a different story, sliding down from $2 to mere pennies in the past years, and relying on promotions to lift volume and revive the price. Also, already two years ago the company announced it was ready to drill, but we see no change in revenues, showing that it hardly managed to strike gold.
Before RNGC sank into obscurity, in 2011 we left it off as a comfortable $1 stock. Since then, nothing much changed, except the ticker is back as a more potentially volatile selection. And the volatility is increased by mentions of several sub-contracted promoters, predicting high activity in the next few days. As the emails came in on March 21st, the height of the daily gains for RNGC had reached 775%, but we see the potential for selling as the net gain for the day was less than half.
With a record of more than 3 million shares mopped up from the market, and with generally low volumes, we may expect selling that could depress the price. The mention in 13 emails is for unknown compensation, probably free, as the stock may easily be counted toward a good past record.
Gold mining was a common claim for penny stock companies in the past months, along with other promises for rare minerals. Another stock currently in promotion is Colorado Gold Mines, Inc. (PINK:CGLD), for which the promotion had an opposite effect. The promotion gave occasion to fast buying and net selling, which ultimately depressed the price 50%. In the case of promoted stocks, it is best to be aware of increased volatility and decide for yourself how much losses you could afford.
