Amani Gold Limited (BRYYF) Stock Jumps On No News: Is It Sustainable?

There was no news at all about Amani Gold Limited (OTCMKTS:BRYYF) on Monday but the stock was on the move in a big way nonetheless. Investors flocked to the stock in a big way on Monday and sent it soaring by as much as 50%.

While it is true that there has been no news, in light of such enormous gains, it might be a good idea for investors to perhaps take a closer look at Amani Gold and its business. The company is involved in exploration, acquisition and development of mineral properties in the Democratic Republic of Congo. Amani Gold is primarily interested in precious metals and gold when it comes to its aims from the exploration activities.

As the name of the company suggests, it is generally involved in exploring for gold and at this point in time the Giro Gold Project is its most important project. Amani Gold has managed to get as many as 2 exploration permits for the project that is situated across an area spanning as much as 497 square kilometres. It is located in the north eastern region of Congo. At this point, investors could do well to  keep track any fresh news about the company.