Peregrine Pharmaceuticals, Inc. PPHM
After its first big run to 5.50, the following day brought a huge gap-down, with the stock opening below a dollar, and running to 1.94. If it can break past the resistance it currently faces, there is a large gap to fill between 1.94 and the 5.00-range, so we definitely want to continue to monitor PPHM.
Gemini Explorations, Inc. GMXS
GMXS continued to maintain higher highs and higher lows yesterday, as the recent surge has turned to a steady climb. A decrease in volatility can certainly make for a more sustained run.
We were pleased to see a PR released Monday containing some favorable assay results from the company’s most recent gold project located in Columbia. This was the first update activity from the company since the beginning of the summer. :
FT. LAUDERDALE, FLORIDA, Nov 26, 2012 (MARKETWIRE via COMTEX) — Gemini Explorations Inc., (OTC PINK: GMXS) is very pleased to report the Phase One Sampling results of its wholly owned La Planada Gold Project located in the Los Andes Sotomayor Gold region of southwestern Colombia. The Gemini sampling program focused on systematic channel and chip sampling of 3 crosscutting vein sets, mixed vein and wall rock, and the host rock exposed throughout the property. As reported earlier, La Planada has excellent rock exposure allowing samples to be taken in all areas of the project. Minera Primecap Geological Services (MPGS) directed and oversaw the sampling program. The chip and channel samples were assayed at the labs of INSPECTORATE AMERICA CORPORATION (Inspectorate), Nevada, USA. MPGS prepared the following results from 71 chip and channel samples assayed by Inspectorate Job number: 07-338-00595-01 and as reported below:
The 3 principal vein samples ranged up to 117.9 g/tonne Au and averaged 15.1 g/tonne Au.
The mixed vein and wall rock samples ranged up to 10.7g/tonne Au and averaged 3.06g/tonne Au.
The host rock samples ranged up to 7.9g/tonne Au and averaged 0.88g/tonne Au.
We will need to pay close attention to the news feeds in the near future, for any updates on this promising project.
As we pointed out earlier this week, the chart is setting up nicely, with the RSI in the power zone, and a golden cross in the making. It will be very interesting to see how the stock reacts once the 20DMA breaches the 200.
SVEN, RNN, ERBB, EDWY, GALE,