There are many investors who are quite keen on gold stocks at this point and that seemed to be the reason why the New World Gold Corporation (OTCMKTS:NWGC) stock went on a strong rally on Tuesday.
There was no news at all about the company on Tuesday but the New World Gold stock moved strongly nonetheless and ended the day with gains of as much as 28%. There has been no news at all about the gold mining company for many months now and the last news to have emerged about New World Gold was back in June earlier on this year.
That was the time when the company provided its first shareholder update in as many as 5 years. New World Gold announced that its credentials had been reinstated with the Secretary of State of Florida. That was a significant development since it allowed the company to be engaged in new business and on top of that, engage the services of its own Transfer
Agent for the purpose of taking care of its own financial obligations. That being said, the latest rally might not be related to the corporate update and hence, investors could do well to keep a closer eye on the news wires.