{"id":3967,"date":"2014-02-24T11:11:36","date_gmt":"2014-02-24T11:11:36","guid":{"rendered":"\/?p=3967"},"modified":"2014-02-24T11:17:13","modified_gmt":"2014-02-24T11:17:13","slug":"focus-gold-corp-otcmktsfgld-jumps-on-rumors","status":"publish","type":"post","link":"\/articles\/focus-gold-corp-otcmktsfgld-jumps-on-rumors\/","title":{"rendered":"Focus Gold Corp (OTCMKTS:FGLD) Jumps on Rumors"},"content":{"rendered":"

\"6FGLD.png\"After months of failing to register any significant dollar volumes, Focus Gold Corp (OTCMKTS:FGLD<\/a>) logged its first active session on Friday. And it was quite an interesting one. Nearly 250 million shares changed hands in just six and a half hours, resulting in a trade value of more than $475 thousand. The price jumped from $0.0009 per share and ran all the way up to $0.0023. <\/p>\n

There’s no doubt that 187% in daily gains sound nice enough, but unfortunately, when you do a bit of digging around, you’ll see that the surge was caused by nothing more than rumors about FGLD<\/a>‘s entrance into the marijuana industry. As you probably know, the hype and excitement around the cannabis business is extremely strong at the moment and it’s clear that even a bit of speculation around message boards is enough to cause quite a stir on the market. Bear in mind, however, that FGLD<\/a> have not issued an official announcement about a change in the plan and they may decide to stick with the mineral exploration industry. <\/p>\n

But let’s assume for a moment that they do, in fact, decide to enter the pot sector. What are their chances of success?<\/p>\n

Things don’t look too bright when you open the latest 10-Q. The figures in it cover the period ended November 30, 2013 and we reckon that they speak for themselves:<\/p>\n