Hahaha! Exactly as they did with Independence Energy (IDNG), SMA announced that Santo Mining Corp. (SANP) is preparing for a 2-for-1 forward split. Last time they ran a “better than sliced bread” campaign, IDNG stock didn’t experience the huge dips that SANP stock has been subject to. The news, coupled with the statements made by CEO, Alain French, “we want to allow our shareholder base to grow and to be more diverse” means the fork is on the table and the days are surely numbered for gains.
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SANP Stock Chart
Market Cap: 49.56M
Last: 0.783, down -0.032 (-3.93%)
Dollar Volume: $97,414
Average Trade Size: 2,121
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About SANP Stock
Santo Mining Corporation is an aggressive junior minerals exploration and development company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploring of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic.
Bottom Line: By issuing the PR pre-market, they just as well should have shot themselves in the foot. SANP has seen some huge dips since the penny stock alerts first went out over a month ago. After the second huge dip on SANP stock, its had a semi-decent comeback which is soon to end now that they are set to follow the path IDNG stock did.
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