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Keegan Resources Spokesperson Responds to Unusual Option Activity

A spokesperson for Keegan Resources (NYSE: KGN) responding to today's unusual options activity, says there is no news to account for it. Jay Adelaar, Investor Relations Manager stated Keegan is "ridiculously oversold" and investors are most likely hedging their bets. He also mentioned today's $38 move in gold as a contributing factor.

Keegan is focused on its wholly owned flagship Esaase Gold project located in Ghana, West Africa

Posted-In: News Futures Commodities Options Global Markets Movers

 

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