CCM Liquidity Report: Nayarit Gold, Inc. (TSX VENTURE: NYG)(PINK SHEETS: NYRTF)
20 März 2008 - 2:54PM
Marketwired
TORONTO, ONTARIO (PINK SHEETS: NYRTF) -
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CRITERIA 17-Mar-08
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MKT CAP (millions) $ 20.4
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50 DAY AVG. VOLUME 47,400
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50 DAY AVG. VALUE $ 21,282.00
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50 DAY AVG. DAILY TRADES 11
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50 DAY AVG. DAILY TRADE VALUE $ 1,935.00
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% OF FLOAT TRADED 0.10%
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In the most recent Technical Research Report, dated March 3,
2008, the analyst stated:
"The weekly cycle shifted to positive on Friday's close and
remains positive on weekly closes above the 5- week modified moving
average at 0.459, which keeps the focus on the 50- weekly moving
average at 0.658."
"Weekly supports are shown at 0.426 / 0.361 with quarterly
resistances at 1.062 / 1.131. The 200- day moving average provides
resistance at 0.633."
In the most recent Fundamental Equity Report, dated December 11,
2007, the analyst stated:
"Nayarit has published some very encouraging Phase One drill
program results recently, suggesting that there is high likelihood
of eventually developing a high-grade mining operation at its Minas
de Animas location."
"Nayarit has a new management team that was brought in during
summer and started actively pushing the company forward in terms of
exploration activities and public relations."
"The company has concession on more than 100,000 hectares of
land in Mexico, at the edge of the prolific gold-bearing Sierra
Madre region. The sheer size of holdings increases the probability
of identifying additional targets beside the six that have been
already identified."
This Liquidity Report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/NYG_Liquidity%20Report_March192008.pdf
CCM Research is a division of Cronus Capital Markets, Inc.
Cronus Capital Markets, Inc., through its CCM Consulting division,
entered into a one year $45,000.00 contract with the Company to
assist it with the creation and execution of information-based
strategies to overcome market inefficiencies that are commonplace
for the vast majority of public companies; such as share
illiquidity and stagnant market capitalization.
Cronus Capital Markets (CCM) is a global investment information
firm who strategically produces and introduces, through various
forms of analytics and worldwide distribution, information on
equity market opportunities. CCM's equity indexes receive
international attention and represent important new benchmarks of
growth.
The TSX Venture Exchange has neither approved nor disapproved
the contents of the press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information
Officer (416) 368-3700 ext 225 Email:
Peter@cronuscapitalmarkets.com
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