It may have been 4 months since the last update from the gold and silver miners, but the penny stock of Mission Mining Company (MISM) is on a mission today after breaking their previous volume record prior to the mid day break. Last we heard was that $24.7 billion worth, 17.2 million ounces of gold and 121 million ounces of silver, located in the top 30 feet of surface material across the 960-acre Gold Star claims that the Company leases. Whatever it was that caused the positive results from this morning’s ruckus, MISM stock just landed itself on the watch list heading into next week.
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MISM Stock Quote
Market Cap: 4.12M
Last: 0.103 ▲ +0.07 (+212.12%)
Dollar Volume: $221,077
Issued and Outstanding: 39,986,974
14-Day Rel Strength: 79.19%
1st Resistance Point: 0.147
1st Support Level: 0.03
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Mission Mining Company is entering into it’s 2nd year trading on the pinksheets despite reports from last July that the precious metal miners were preparing their S-1 in order to uplist to a higher exchange. In fact, shares of MISM stock slid after that announcement for 4 months from a high of 0.25 to as low as 0.01.
We’re still working off of financial numbers which date back to September 30, 2013, but, at that time, Mission Mining was pretty short on cash ($656) yet had $400,120,000 and $5,000,000, respectively, on their books for their Gold Star and El Dorado Mining claims. It wasn’t until November when the Company came out with the NI 43-101 Mineral Resource Estimate Report by Zivkovic Geophysical Investigations, LLC which stated that there was gold in them there hills f the Gold Star Claim (approximately 316.8 million ounces of gold and approximately 2.227 billion ounces of silver)
Without any updates, new financial filings, or even a couple of pumpers on iHub sending message posts back and forth to one another, MISM stock shot up like a banshee this morning and isn’t looking like she’s coming down for any oxygen. Perhaps the addition of their Pintrest wall at the lower portion of their website has created the buying frenzy we’re watching today.
About MISM Stock
Mission Mining Company is an exploration stage company focused on the acquisition and development of significant US gold, silver, platinum group metals, and rare earth minerals mining properties and placing these properties into production.
Click here to view the financial filings for MISM.
Click here to view the website for Mission Mining.
Last 5 Trading Sessions:
Dormant penny stocks like MISM dn’t just wake up and run for no reason. With no news, no new filings and no rumors which can be spotted anywhere, MISM stock is a likely candidate to see some awareness get thrown towards it next week. If they can substantiate the $24 billion worth of gold and silver and how they plan to JV a project to dig it out, this could be a goldmine of a runner (if the float is really only 11.59 million).
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