Capital Gold Increases Earnings By 50% For 2Q FY '09

Capital Gold Corp. announced that its net income for the second quarter of fiscal year 2009 increased 50% from the same quarter in FY '08: $2.126 million to $3.196 million. On a per-share basis, due to rounding, net income went from 1 cent to 2 cents. The news release has further details.

The news was webbed just before trading opened. The stock took to it well, opening at thirteen cents above its Thursday close. The opening rally faded as the day went on, though, leaving Capital to close at 87 cents for a gain of 6 cents. Current bid - ask is 85 cents - 87 cents.

The company's Google Finance web page is here.

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