Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Great Basin Gold
So what: There isn't any solid news out today, but volume is nearly double the three-month average, indicating someone is buying big-time. This doesn't look like a short squeeze since short interest has actually been down recently, so a move so large is a bit peculiar.
Now what: It looks like a recovery day after a rough three months for Great Basin Gold's shares. The price of gold itself isn't driving the move, and if there's no news I'm left scratching my head. No reason to change your investment thesis today, and I'm wary of jumping in on a random move like this.
Interested in more info on Great Basin Gold? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.