The penny stock of Toron, Inc. (TRON) may be down -95.86% from their February 7th high, 0.278, but they are offering plenty of gains today. TRON stock price was as low as 0.008 in yesterday’s trading session. Penny Stock Alerts issued at the bell tend to limit the “Average Joe” from any chance of seeing the gains one sees when looking at the end of the day stats. However, from around 9:45am until nearly 11am, the shares rallied from 0.0115 to 0.0185, a 60.87% intraday gain.
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TRON Stock Chart
Market Capitalization: 1.71M
Shares Outstanding: 201.29M
52 Week Low (7/23/2012): 0.008
20 Day Percent Change: -17.48%
20 Day Moving Average: 0.0089
20 Day Average Volume: 137,166
Focused in and around the “Valley of Gold” area of Quebec, the mineral exploration Company recently received the completed National Instruments 43-101 Compliant Technical Report on its recently acquired Tiblemont Gold Property. The report is said to highlight a very favorable description of the property stating that “the Tiblemont Gold Property particularly Block 1 and Block 2, have a high potential for discovering gold deposits. The majority of historical works concerning the area of the TGP were geophysical surveys (mainly aerial geophysics), but only a few ground-based surveys have been carried out on the actual Blocks of the property”.
If gold prices were to rise to the levels analysts predicted at the beginning of 2012, TRON stock price could return to their year-to-date high on speculation that the Company actually reports some top-line numbers. Looking at the most recent 10-Q for the Company, it is about as thin as an Accounting 101 lesson on “Understanding Financial Statements.”
With just one item listed under assets, Cash: $3,990, for the three months ended April 30, 2012, its no surprise that the PPS of TRON stock went from 0.278 to 0.008, a decline of 27 cents.
About TRON Stock
Toron Inc., engaged in the, marketing, sales and re-sales via the Internet of web domain names or URL’s under the website www.manageyoururl.com, is a mineral exploration company focusing its attention on projects involving gold and other valuable metals. Based in Quebec, one of Canada’s richest mining provinces, the Company incorporated a wholly owned subsidiary, Toron Resources Inc., for the sole purpose of exploring mining projects in Canada, and specifically, in Quebec and Ontario.
Bottom Line: TRON stock is one of those “one and done” penny stocks that will see an enormous amount of volume for today and today only. Compared to when the shares were climbing in January and February along side North Springs Resources (NSRS), they declined from their high on the exact same day and in almost the exact same manner.
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