New York, NY -- (SBWIRE) -- 11/13/2012 -- Santo Mining Corp. (OTC:SANP) is extending its gains in mid-day trading today. At last check, SANP was up 9.23% to $1.42 on volume of 1.38 million, which is below the daily average volume of 2.21 million. SANP has now gained more than 73% in the last five trading sessions.
The technical indicators for SANP suggest that upward momentum will continue. The stock could see significant upside potential if it breaks through its 50-day moving average.
SANP, which is a Dominican Republic-based junior mineral exploration company, has been gaining momentum on the back of a series of major announcements. On Monday, SANP announced that the acquisition of 100% of Nathaniel gold exploration claim. With the acquisition, the company is continuing its aggressive expansion.
Find out more about SANP and where it could be headed by reading the free trend analysis report here: OTC:SANP)" href="http://www.wallstreetreport.net/market-scan/?symbol=SANP">Santo Mining Corp (OTC:SANP)
P. M. & E. Inc. (PINK:PMEA) is extending its gains in trading today after the huge rally on Monday that saw the stock finish 560% higher on substantial volume. In today’s trading, PMEA is up 12.12% to $0.370 on volume of 1.49 million, which is nearly 10 times its daily average volume of 154,190. The stock has now gained 640% in the last two trading sessions.
PMEA’s gains have come despite there being no recent news or development related to the company. Technical indicators for PMEA suggest that the rally will continue in the next few trading sessions.
Find out if PMEA could maintain its momentum by reading the free trend analysis report here: P. M. & E. Inc. (PINK:PMEA), Trend Analysis Report
After seeing a sell-off in the previous trading session, Cannabis Science Inc. (PINK:CBIS) is seeing a sharp rebound in mid-day trading today. At last check, CBIS was trading 21.90% higher at $0.0768 on volume of 8.59 million, which is slightly below the daily average volume of 8.95 million. The stock has reversed almost all of its losses from Monday as a result of today’s rally.
CBIS fell more than 28% on Monday after posting significant gains in the previous week. The sharp drop may have been due to profit booking following last week’s rally. After falling below its 200-day moving average on Monday, CBIS is once again back above this level, which is a bullish sign.
CBIS had rallied last week on the back of some positive developments for the medical marijuana industry. The stock is rallying today after the company 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 when could be the best moment to trade CBIS by getting the full trend analysis report here: Cannabis Science Inc. (PINK:CBIS)
Unlike CBIS, Medical Marijuana Inc. (PINK:MJNA), another major player in the medical marijuana industry, has seen a sharp fall in its shares in trading today. In fact, MJNA slipped last week as well even as CBIS rallied on news of legalization of marijuana in Colorado and Washington. MJNA is currently down 11.70% to $0.0830 on volume of 10.86 million, which is above the daily average volume of 9.22 million. The stock has fallen more than 34% in the last five trading sessions.
MJNA has been seeing selling pressure even as the company was featured in Barron’s Stocks to Watch Today Article last Friday. MJNA has fallen sharply after hitting $0.15 resistance level. The stock is now trading near $0.08 support level. The stock could see a rebound from this level.
Find out more about MJNA by reading the free trend analysis report here: Medical Marijuana Inc (PINK:MJNA)
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