Crystallex Shares Plunged: What You Need to Know
By Brian D. Pacampara | More Articles
October 25, 2010 | Comments (1)
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Canadian gold miner Crystallex International (AMEX: KRY) experienced heavy volatility in early trading Monday on fairly typical volume.
So what: Crystallex saw its shares down 12.5% at the opening bell, only to spike quickly back up. At the time of this writing, the shares are trading pretty much in line with gold prices and the S&P 500, which are both up slightly.
Now what: With no real news coming out of Crystallex, I'm chalking up today's craziness to the typical volatility associated with junior miner penny stocks.
http://www.fool.com/investing/general/2010/10/25/crystallex-shares-plunged-what-you-need-to-know.aspx
