{"id":2174,"date":"2013-07-29T16:13:07","date_gmt":"2013-07-29T16:13:07","guid":{"rendered":"\/?p=2174"},"modified":"2013-07-29T16:14:13","modified_gmt":"2013-07-29T16:14:13","slug":"sanborn-resources-ltd-otcbbsanbs-ups-and-downs","status":"publish","type":"post","link":"\/articles\/sanborn-resources-ltd-otcbbsanbs-ups-and-downs\/","title":{"rendered":"Sanborn Resources Ltd (OTCBB:SANB)’s Ups and Downs"},"content":{"rendered":"

\"SANB_chart.png\"Sanborn Resources Ltd (OTCBB:SANB<\/a>)’s stock started trading earlier this month and their charts are very interesting. They have been going up and down with a lack of consistent movement making their stock one of the riskiest at the moment, as we witnessed a number of events that took place in order to artificially increase the price. <\/p>\n

SANB<\/a> are one of the new players in the OTC Markets and they have been worth writing for, since the beginning. Their stock has caused a lot of interest in investors for the short time that it has been on the market, but has also caused a lot of questions to the people who are trying to predict where it will go to next.<\/p>\n

The chart of the company looks like it is formed by jagged mountain tops as the stock is going in both directions with quite a lot of momentum. That, however, is understandable when you take a look at their actual operations and have in your mind that the main reason for their stock’s movement is the promotional effort initiated to increase investor interest.<\/p>\n

\"922LOGO.png\"They were pumped in the regular way, using newsletters on July 11, but we saw quite a few other places where their stock was touted. There was an article posted about them which drew a lot of attention and at the bottom of the page it becomes clear that the promotional budget is no less than $3 million.<\/p>\n

That’s quite a lot for a stock promotion and we reckon that investors are ready to dump stock even now (that is if they have even stopped doing so). The last 4 days ended in the red for SANB<\/a>‘s stock, but trading isn’t getting any lower. In fact, Friday’s volume was quite larger than their average of 373 thousand with a total of 1.2 million shares switching hands.<\/p>\n

The price went 15% down from $0.424 to $0.359 with the highest volume of stock in 2 weeks. Even though the price went down, the amount of stock that was traded generated a trade value of $527 thousand, which is quite a lot.<\/p>\n

SANB<\/a> seem to be starting the week good as their stock has been heading in a northern direction since the market opened with a current gain of 19% in price. They opened the day with a value of $0.39 per share and even though there was quite a lot of dumping in the early minutes their price headed on a steady climb and is currently nested at $0.43.<\/p>\n

\"1XUII_chart.png\"The volume is also quite big as they are closing in on the volume traded in Friday with 945 thousand shares that have been already traded in just over 1 hour of the trading session. The trade value generated until this moment is estimated at $380 thousand and we reckon that they are going to best their Friday session. Even though they are having a promising start of the week don’t forget that they are a very risky stock and be sure to do your due diligence and weigh out the risks before making a decision to invest in them.<\/p>\n

Even though SANB<\/a> is traded with increasing volume and trade value, probably the most hot stocks in Friday were those of Xumanii, Inc. f\/k\/a Medora Corp. (OTCMKTS:XUII<\/a>) and Sould and Vibe Interactive Inc (OTCBB:SOUL<\/a>). Even though XUII<\/a> lost 26% from its price per share the total trade value for the day came at $8.6 million and they closed with a price of $0.2875. On the other hand SOUL<\/a> gained 29% closing with a price of $1.48 per share with a total trade value for the day of $7.2 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sanborn Resources Ltd (OTCBB:SANB)’s stock started trading earlier this month and their charts are very interesting. They have been going up and down with a lack of consistent movement making their stock one of...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[829,76,658],"class_list":["post-2174","post","type-post","status-publish","format-standard","hentry","category-news","tag-sanb","tag-soul","tag-xuii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=2174"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2174\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}