CALVF: Volume Spike; 60% > 20-adsv, Stock +8.11%
Tuesday , March 11, 2008 14:25ET
This is the 1st VOLUME alert for CALVF in the past 7 calendar days.
Trading for Caledonia Mining Corporation (OTCBB: CALVF) has been heavier than usual in today's session. By 14:25 ET, the stock had already traded 1,778,317 shares via 128 trades. The cumulative volume is 60.42% above its 20-day average of 1,108,540. Normally the stock experiences around 76 individual trades per session.
So far, today's volume surge has caused a net rise in CALVF's stock price. At the time of this alert, the stock was trading at $0.200, up $0.015 (+8.11%).
One year ago, the Company's shares closed at $0.089. The price has gained more than 124 percent since then.
Over the last 10 trading session CALVF has traded in a range between $0.170 and $0.205 and is currently trading 8.68% below its 52-week high of $0.219 set on April 24,2007 and 140.96% above its 52-week low of $0.083 from March 15,2007.
In the previous 3 sessions, CALVF trading has displayed a mixed trend. Closing results have been as follows:
March 10, 2008 --- closed at $0.185 down $0.003 (-1.60%) on 325,200 shares
March 07, 2008 --- closed at $0.188 up $0.003 (+1.62%) on 766,800 shares
March 06, 2008 --- closed at $0.185 even for the day on 766,300 shares
The Company last released news on March 11, 2008 (today):
"Caledonia Announces the Signing of Two Further Cobalt Sales Agreements"
nice chart action (in @ .193$)
Caledonia's 2007 Annual Results Conference Call
Wednesday, March 26, 2008 09:02ET
TORONTO, ONTARIO, Mar 26, 2008 (Marketwire via COMTEX) -- Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) will host a conference call on Monday April 7, 2008 at 11:00 hours (EST) to discuss the 2007 annual results.
still holding....
updated chart look...