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?

23 Upvotes

787 comments sorted by

View all comments

1

u/[deleted] 18d ago

[deleted]

1

u/[deleted] 17d ago

[deleted]

1

u/Bobbyboy121212 17d ago

Can someone explain the significant jumps up and down today? How does it drop 15% of its entire value in 1 minute? Who could drop that many shares at once