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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: ECU Share Volume

ECU Share Volume

posted on Jun 08, 2009 08:27PM

The last time that ECU had a daily trading volume below 1 million shares was May 27, closing down 4 cents at $0.71 on 745,496 shares traded. The share price closed at $0.77 the next day, up 6 cents on volume of 1,366,295 shares. So, there is volatility.

A lot of shares are being passed, and one can only surmise that they are going from weaker hands into stronger hands. Sure hope so.

What does this mean? Damned if I know. Hopefully, all of the shares currently being traded will be off the market, which would mean fewer will be available (and a price increase) when there is a realisation by traders that ECU is changing from an exploration company to a (small) producer of gold and silver.

Cheers.

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