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Lakewood-based Pershing Gold Corp. announced Wednesday that its common stock will move to Nasdaq starting July 6. The stock will trade under the symbol “PGLC.”

“We believe that trading on the Nasdaq will provide us increased visibility in the marketplace, greater access to capital, a broader investor base and ultimately help us implement our growth initiatives and enhance shareholder value,” Pershing Gold president and CEO Stephen Alfers said in a statement.

Pershing Gold’s stock is currently trading on the OTC Markets Group. Its stock price was up 6 cents Wednesday morning at $5.79. The gold producer’s holdings cover about 25,000 acres, including the Relief Canyon Mine in Nevada.

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