DUCP – Daulton Capital Corp has put together an impressive move over the last month making over a 100% gain as of today’s close. After trading sideways for most of the year coming down from the 52 week high of .53, DUCP found old support from last year in the .08-.10 area. The stock started showing signs of life in early April and has sustained steady gains for the entire month of April with only two days out of the month showing any significant down days. DUCP did release news this morning in pre-market announcing the company has acquired 750,000 hectacres in gold rich Papau, New Guinea in a strategic partnership with South Pacific Connection Limited.¬†Other than filings and financial reports, the company has not released any other news this year.

DUCP closed last Friday at .25 and opened today with a small gap up at .30, pulled back and printed the low for the session at .27 before buyers quickly came in an pushed the stock up to the intraday high of .34 as of 15 minutes before the closing bell. The three month daily average volume is 50,766 with today’s volume on the news at over 2.1 million shares traded. Momentum traders should keep DUCP on their watch list as possible trend continuation trade as momentum in the stock may continue to push the stock higher based on the upward trend and recent news.