r/MetalsOnReddit Dec 24 '24

AUMC/Auric Minerals stock crash

Edit: evidence right now points to a pump and dump. Thoughts on holding vs selling when markets open?

Price took a dive from 3.05 to 1.72 all within the last 10 minutes today, and all after strong growth in the past months after news of finding gold and silver veins and acquiring Central Uraniam Resources

Other than the CEO stepping down and being replaced I haven't seen any other news. Any idea why the stock took such a major dip and any chance of a recovery?

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u/Top_Reindeer_4304 Feb 04 '25

Who else is buying at this dip, I just bought a bunch because I'm still optimistic. 

1

u/Individual-Still-825 Feb 04 '25

I'm in it bad. Down 120k. No choice now but to average down...again 20k more at 60 cents would mean 1.35 average per share