Alacer Gold Corp. (OTCMKTS:ALIAF)’s share price shot up 20.6% on Tuesday . The company traded as high as $3.16 and last traded at $3.16, 89,891 shares traded hands during trading. An increase of 113% from the average session volume of 42,265 shares. The stock had previously closed at $2.62.

ALIAF has been the subject of a number of research reports. Stifel Nicolaus raised shares of Alacer Gold from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Credit Suisse Group raised shares of Alacer Gold from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 5th.

The firm has a 50 day simple moving average of $4.21.

About Alacer Gold (OTCMKTS:ALIAF)

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Ãöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company was incorporated in 1993 and is based in Denver, Colorado.

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