Harte Gold Corp (CVE:HRT), (PINK:HRTFF) Stock Moves with a Delay

Today, Harte Gold Corp (CVE:HRT, HRT message board), (PINK:HRTFF) stock opened the trading session with a price soar in order to cope with the delay on the recent company's release of the latest drill results from the new Wolf Zone gold discovery.

During yesterday' s trading session, as opposed to all expectations on the above mentioned news, HRT returned back 33% on a heavy volume traded of 13.44 million shares.

The shares of Harte Gold Corp closed the market at $0.61, bringing the trading range back to the levels of the beginning of last month.

Looks like even the update on the new properties' staking of the company was not able to convince investors to stop the dramatic falling down of HRT stock.

In addition to the announced drill results, Harte Gold Corp informed investors that it staked additional 1,057 claim units located around the periphery of the Sugar Zone property claims. As stated, this was made "in order to consolidate Harte's property position and provide a buffer zone around current and potential future operations."

Today's flying up opening of the stock almost portends HRT's price reversal towards new green highs, though the sharp decline from yesterday may make investors more cautious towards the shares' repricing.

Harte Gold Corp is a company working in the filed of the acquisition, exploration and development of mineral resource properties with a focus on gold properties located in the Province of Ontario, Canada.

At present, HRT owns interests in two exploration projects. One of them is the Sugar Zone property, 60 km east of the Hemlo area gold mines, located on the north shore of Lake Superior. The second one is the Stoughton-Abitibi property, located along the Destor-Porcupine Fault.

http://ca.hotstocked.com/article/3491/harte-gold-corp-cve-hrt-pink-hrtff-stock.html