Three gold exploration companies had trading of their shares halted this week in Vancouver and Toronto for a rather unusual reason. It appears that over the weekend, a Toronto-based penny stock investment company which has clients worldwide, recommended the purchase of the three — Acadia Mineral Ventures, Golden Shield Resources and Dolphin Explorations — on the company’s phone-in advisory service. The result: Buy orders vastly outnumbered sell orders when the markets opened on Monday. Trading had to be halted to allow time to match the orders up. When trading resumed, Acadia went from $3.25 to $4.30, Golden Shield went from $3.00 to $4.00 and Dolphin went from $2.00 to $3.25. This unusual move illustrates once again the power of today’s instant communications technology.
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