Augusta Gold (TSX: G) closed today at a 52-week closing high of $1.25 per share.
Since G is a low market cap stock there are no institutions following it and no retail investors are currently buying gold explorers at all because they are busy gambling away all their money on Pump.fun meme coins, so it won't be a surprise if Augusta Gold gets acquired at a triple digit premium next month. We know there are companies willing to pay $3 per share so it is only a matter of trying to negotiate them up to a higher price. If it is going to sell for $6 per share, we would expect it to hit $3 per share within the next few weeks prior to a deal being announced.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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