Trading at a snail’s pace and with about as much upside as being a wingman at Big Fat Gypsy Wedding, the penny stock of DNA Precious Metals, Inc. (DNAP) failed to live up to the typical Bull Exchange hype. Issued as a surprise alert this morning by what some consider to be the top dogs with Awesome Penny Stocks and crew obliterated from the OTC Markets, DNAP stock is snoring along 2 hours into the trading session. Having been a frequent feature on MoneyTV with Donald Baillargeon for weeks already, the giddee-up that usually comes with a TBX pick looks like it forgot to strap on its saddle this morning.
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DNAP Stock Quote
Market Cap: 45.01M
Dollar Volume: $97,433
Issued and Outstanding: 90,628,000
14-Day Rel Strength: 51.06%
1st Resistance Point: 0.5633
1st Support Level: 0.4633
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Looking to construct a processing mill and build-out of the infrastructure, DNA Precious Metals has some pretty pictures on their website. Since acquiring 10 mining claims in the Montauban Mining Project located in Quebec, Canada, DNAP stock has been all over Money TV in hopes that some poor soul would be willing to dig deep and fork over the loose change they have in their pocket.
With no distinct time frame as to when premium gold (Au) and silver (Ag) can b explored for, DNA Precious Metals has been somewhat successful in raising funds over the last year or so. The Company sold 440,000 shares of DNAP stock for $110,000 in August and September 2013 and $2.357 million from September 2012 to January 2013 by selling 9,428,000 shares of DNAP in an S-1 registration statement.
However, The Bull Exchange is not known for terrible first day’s on their alerts like what DNAP is displaying so far this morning. BLUF and LVVV pretty much hit $1 million in dollar volume prior to lunch on each of their debut sessions whereas DNAP stock is on pace to do that much at some point next week. Whatever the case may be, the signs are not pointing in the right direction for this one to suddenly take off. Maybe too many Quebecians are out of town to buy into their own mining stocks or that language barrier thing has affected the ability to get the message across correctly.
About DNAP Stock
DNA Precious Metals, Inc. is an exploration stage company in the business of identifying mineral claim rights in Canada and the United States.
Click here to view the SEC filings for DNAP.
Click here to view the website for DNA Precious Metals.
Last 5 Trading Sessions:
The Bull Exchange really face palmed it with the penny stock alerts on DNAP today. Missing out on the first 2 hours DNAP stock traded is like having been upwind when a buddy of your’s sends a fart downwind – it’s a blessing.
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