Santo Mining (OTC: SANP) made quite a debut today, sprinting out of the gate and claiming the top position on its first day of active trading. The company, long dormant with an ominous spread of $1 (bid) by $99 (ask), finally came to life at approximately 11:08am ET today. Commotion in the market for Santo […]
Mining
Santo Mining Acquires Walter Gold Exploration Claim, Stock Up 88% (SANP)
Today, the market saw how effective it is to have an address within a mile of two of the world’s largest gold mines: the Barrick Gold Pueblo Viejo and the Perilya’s Cerro de Maimon mines. When Santo Mining (OTC: SANP) announced the acquisition of the Walter gold exploration claim situated in the gold-rich Maimon district […]
Santo Mining Acquires Another Gold Claim in Dominican Republic (SANP)
Santo Mining (OTC: SANP) has just announced that the company has acquired yet another gold claim in the Dominican Republic Gold Region on September 27, 2012. The mining corporation has been aggressively acquiring gold claims one after the other to increase its holdings and exploratory grounds. The latest in its list of acquisitions is the Walter […]
Pershing Gold Reflects Volatility in Gold Prices (PGLC)
The price of the yellow metal crossing $1770 per troy ounce coupled with an optimistic view of re-opening the Relief Canyon Mine with minimum delays and capital investment saw the shares of Pershing Gold (OTC: PGLC) take an upward trajectory to hit a high of $0.44 last week. However, as gold corrected itself on selling […]
Punchline Resources Uses More of Credit Facility after Winnemucca Mountain Properties Acquisition (PUNL)
Punchline Resources (OTC: PUNL) has just announced its request for additional funding through its line of credit facility after the acquisition of Empress and Winnemucca Mountain Properties. This is its second request for funding. This time around, the company has asked for and received approval for a funding drawdown of $200,000 from its $1,000,000 line […]
Chimera Energy Looking for Validation in Mexico (CHMR)
Nothing stirs up a lively conversation like asking the question about the preferred method of fracking: Is it wet, dry or not at all? The debate began two months ago when Chimera Energy Corporation (OTC: CHMR) revealed its non-hydraulic technology for extracting shale oil. The traditional hydraulic method uses ground water, which environmentalist find quite […]
Pershing Gold Gives Traders a Shiny Update (PGLC)
In a press release this morning, Pershing Gold (OTC: PGLC) gave an update on its mining operations. The company is currently exploring areas outside of the existing pit mine on its Relief Canyon Mine, which it bought out of bankruptcy a little over a year ago. The exploration program has already found new mineralized zones. Assets […]
Successful Third Party Testing of IBA Green Technology Revives Interest in Pioneer Exploration (PIEX)
The successful third party testing of toxic incinerator bottom ash (IBA) treatment technology continued to stimulate interest in Pioneer Exploration (OTC: PIEX), resulting in a 20% rally on a volume exponentially higher than the three-month average. Gone are those days when rapid industrialization was welcome, even at the cost of an environmental hazard. Ecological issues […]
Liberty Silver Hits 52-week High on Hopes of Successful Take Over of Sennen Resources (LBSV)
As the open offer to purchase all the issued and outstanding common shares of Sennen Resources by the dual-listed mining company Liberty Silver (OTC: LBSV) ended two days ago, traders continue to speculate on a successful acquisition. The share price of Liberty Silver shot up by 10.6% to reach a 52-week high of $1.14 per […]
The Force is Strong in This One (FORC)
In a galaxy really, really close, just hours ago, Force Energy (OTC: FORC) realized a gain of over 15% following the close of today’s trading. This move harkens back to the days of the good Star Wars films (the first three), free from the horrible overacting of both Ewan McGregor and Hayden Christensen and the […]
Nevada Gold Exploration Gets Punchline (PUNL)
As far as penny stock companies go, the most actively traded high volume penny stock in the over the counter market today is that of Punchline Resources (OTC: PUNL). The company seems to have everything going for it at the moment. Other penny stock companies like Liberty Silver (OTC: LBSV), which is into silver mining […]
Is Worthington Energy Worth Another Look? (WGAS)
Worthington Energy (OTC: WGAS) has had a tough year. In the week before last Christmas, the stock rose to $0.08 for the first time in over a half a year. Not unlike millions of Christmas gifts, the stock was then returned. In the case of Worthington Energy, this meant a return $0.045. All was not […]
Nothing Shines Gold Like a Good Buff with Money (XTGR)
Gold exploration companies love finding a rich vein of the shiny metal and an economy that prints lots of money. Central bankers in Europe and the United States indicated their willingness this week to fulfill the latter. With promises of more money printing, the price of gold rushed to prices not seen in six months. […]
Vote of Confidence Fails to Add Luster to Liberty Silver Corporation (LBSV)
Three days ago, BG Capital Group, a venture capital and private equity firm out of south Florida, put its money up in a show of confidence for the silver mining activities of Liberty Silver (OTC: LBSV). Bobby Genovese, the CEO of BG Capital Group, felt confident that Liberty Silver’s recently discovered deposits in the United […]
PEMEX Says “Si” to Chimera Energy (CHMR)
The President of Chimera Energy (OTC: CHMR) announced today that the company had signed documents in hand from Petroleos Mexicanos, also known as PEMEX, to utilize Chimera’s non-hydraulic shale oil extraction system. According to the news release, the fracking technology will be used at the largest hydrocarbon reserve in Mexico. The statement this morning got […]
