New York, NY -- (SBWIRE) -- 11/16/2012 -- Santo Mining Corp. (OTC:SANP), a junior minerals exploration company engaged in gold production opportunities in the Dominican Republic, is sinking in mid-day trading today, extending its losses for the week.
SANP is currently trading 26.90% lower at $0.530 on volume of 2.69 million, which is above the daily average volume of 2.25 million. The stock has fallen nearly 50% this week, which indicates that the market sentiment is bearish on the stock. This is confirmed by SANP’s daily price chart. The sharp decline in SANP has been accompanied by significant volume, which is another bearish signal.
SANP has fallen sharply since the company announced that it filed for a 2:1 forward split with FINRA.
Find out if this is the right moment to buy or sell SANP’s shares by reading the free trend analysis report here: SANP, Trend analysis report
Cannabis Science Inc. (PINK:CBIS), another company engaged in the medical marijuana industry, has had a completely different week compared to MJNA. While MJNA is headed for a lower finish for the week, CBIS has gained nearly 2% for the week. The stock could extend its gains as it is sharply higher in trading today.
CBIS is currently trading 6.40% higher at $0.0915 on volume of 7.06 million. CBIS had a strong run last week on the back of some positive developments in the medical marijuana. The stock saw a sharp decline earlier in the week as investors booked profit after previous week’s rally.
Earlier this week, CBIS announced the appointment of Harvard Law School graduate Chad S. Johnson, Esq, as a Member of its Board of Directors and as General Counsel.
Find out if CBIS could maintain the momentum by reading the free trend analysis report here: CBIS, Trend analysis report
Growlife Inc. (OTC:PHOT), an innovative leader in high-end horticulture supply, is extending its gains in mid-day trading today. After gaining 50% in the previous trading session, PHOT is up 22.35% to $0.0624 on volume of 10.26 million, which is more than 3 times the daily average volume of 3.04 million.
PHOT has gained more than 80% in the last three trading sessions. The gains in trading today have been accompanied by significant volume, which is a sign of bullish market sentiment. This is confirmed by the daily price chart of PHOT. The stock today crossed its 200-day moving average, which is a strong bullish signal. The MACD histogram is indicating increasing upward momentum.
PHOT has been rallying after the company on Thursday reported its financial results for the third quarter ended September 30, 2012. The company’s gross revenue rose 128% from last quarter in the third quarter. The stock received a further boost after PHOT announced that it was highlighted by MSN Money.
Find out when could be the best moment to trade PHOT by reading the free trend analysis report here: PHOT, Trend analysis report
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