Friday came early for penny stock traders playing Santo Mining Corp. (SANP) which was beaten like a red-headed step child prior to their 10-K filing. For lack of a better term, SANP stock has been getting prison raped since setting it’s month high on Tuesday with huge block trades, crippling the stock price over the last four trading sessions. Leading the OTC as the most actively traded is one thing, but not when your’e running downhill with arterial veins gushing support levels by the hour.
Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
SANP Stock Chart
Market Cap: 35.45M
Close: 0.56, -0.165 (-22.76%)
Volume: 6,290,190
Dollar Volume: $3,498,994
High: 0.73
Low: 0.48
Trades: 1,240
Average Trade Size: 5,072
Since Tuesday’s High: -0.88 (-61.11%)
Looking for Hot Penny Stocks?
Click here and get Alerts on the Best Penny Stocks FREE
While claims are out there of “dubious short sellers pressing the security lower in the past three days of trading,” the fact is, since SANP topped out at $1.44 during Tuesday’s trading session, the Dominican gold explorers have been on siesta. While some think the RSI reading on the stock chart is technically indicating that a bounce out of an extreme oversold position is setting up, the only bounce involving Santo Mining in the foreseeable future is when their hard mailers get bounced to the curb by the recipients for trash pick-up day.
The Company filed their 10-K on Tuesday for the fiscal year ended July 41, 2012 after the trading session had ended. While the good news was that, as of November 13, 2012, there were only 64,352,005 shares issued and outstanding, nothing about the gold exploration and mining efforts was worth its weight in gold — not even paper. While the Company overview states “Our exploration projects create an alternative opportunity for investors,” the reality to that statement is if you were one of the investors prior to March 2, 2012 when Santo Mining sold 337,500 shares of SANP stock for $150,000 in a private placement transaction. At $0.444 per share, at least you’r still in paper profits after this disastrous week.
About SANP Stock
Santo Mining Corp. is a company which acquires various mines in the Dominican Republic for the purpose of exploration and extraction. The Company targets near-term production opportunities in the Dominican Republic, in areas geologically similar to Pueblo Viejo, one of the largest sulfide gold deposits in the Western Hemisphere.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 11/16/12 | 0.5600 | -0.1650 | -22.76% | 6,290,100 |
| 11/15/12 | 0.7250 | -0.1050 | -12.65% | 3,447,900 |
| 11/14/12 | 0.8300 | -0.2000 | -19.42% | 5,291,000 |
| 11/13/12 | 1.0300 | -0.2700 | -20.77% | 5,924,400 |
| 11/12/12 | 1.3000 | +0.2300 | +21.50% | 4,015,500 |
Click here to view the SEC filings for SANP.
Bottom Line: Two months have nearly surpassed since the penny stock alerts on SANP began. (see chart here) Translation: The End Of The World As We Know It For SANP Stock. With Friday being the 3rd largest volume trading session since the promo began at the end of September, the mini-bounces that occur between now and the end of the month are the are likely the only plays left until the supposed 2-for-1 stock split.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)
ShareNOV
