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Some stocks showing exceptional market activity today include:
Santo Mining (SANP) is up $0.10 or 6.8%, trading at $1.58 on light volume of several hundred thousand shares. SANP has been trending higher, and gaining traction throughout the morning and is producing higher highs. Today's move follows important news that SANP has obtained a favorable preliminary exploration report for their "WALTER" claim, which is located halfway between the 25.3-million-gold-oz. Pueblo Viejo mine and Perilya's Cerro de Maimon mine in the Dominican Republic. As announced last week, the Company is actively pursuing the acquisition and exploration of precious metals properties, and has secured 3 claims strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area. Santo Mining is an aggressive junior minerals exploration and development company, based in the Dominican Republic; a detailed description of the Company's activities is available at SantoMining.com.
Randgold Resources Limited (GOLD) is up $1.17 or less than 1% trading at $126.55 today with almost 200,000 shares exchanging hands. Average daily volume (3 months) is just under 600,000 shares per day. Today's action comes on the heels of bullish move by gold to 11 month highs. Randgold Resources Limited, together with its subsidiaries, engages in the exploration and mining of gold deposits in west and central Africa.
Vringo, Inc. (VRNG) is down $0.66 or 13% trading at $4.59 this morning with over 8 million shares trading hands. VRNG has already traded twice its Average Daily Volume. This comes on the heels of a $45 million registered direct offering selling 10.3 million shares at $4.35. Vringo, Inc. is engaged in the innovation, development and monetization of mobile technologies and intellectual property. Vringo's intellectual property portfolio consists of eleven patents, eight of which were acquired from Lycos, Inc., as well as over twenty patent applications. Vringo operates a global platform for the distribution of mobile social applications and services.
TagLikeMe Corp. (TAGG) is up $0.03 or 40% trading at $0.11 with over 10 million shares traded. TAGG released news that the company has planned the release of its mobile apps for three of the major mobile platforms by Q4 2012. TagLikeMe Corp., through its subsidiary, Glob Media Works Inc., provides Internet cloud-based software application related to online search and social media.
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