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Copper Industry Penny Stocks In Focus: VKML, CNYC, XSRAY

Press Release   •   Feb 06, 2013 05:48 EST

Pennystock WatchmanViking Minerals Inc (OTCBB:VKML) has filed Securities and Exchange Commission form 8-K, intended for entry into a EDGAR Online Material Definitive Agreement. In the middle of January 2013, the company performed a contract with Trinity Alps Resources Inc. to acquire five past-producing Gold Mines as explained in a 43-101 technical report. VKML operates as a pre-exploration stage mining company in the United States. The company focuses on acquiring and developing gold, silver, copper, and other metal properties. VKML gained superb volume as it exchanged 2.06 million shares, while its average volume remained 4.05 million shares. VKML closed the session at $0.0270 by scoring -18.18%.

Canyon Copper Corp. (OTCBB:CNYC) has updated about the signing of a contract with Sandfield Resources Ltd. whereby CNYC has decided to transfer to Sandfield up to a 70% interest in the company’s Moonlight Copper-Porphyry Property. CNYC engages in the acquisition, exploration, and development of mineral properties in the western United States. CNYC showed a strong bullish movement of +50.22% and finished the trading activity at $0.0691.The day range of the stock remained $0.05 ' $0.07 and its 52-week range was $0.04 ' $0.16.The stock scored +25.64% in its one-month percentage change.

One more copper stock under the spotlight is XSTRATA PLC ADR (PINK:XSRAY), which started the session at $3.63, traded in the day’s price range of $3.58 ' $3.63 and finally closed the trading session at $3.58 by scoring negative -3.09%. The 5-day performance of the stock remained in the red as it nosedived -2.19%. The 3-month performance was in the green as it advanced +12.93% . The 6-month trend was also hot as it surged +34.08%. XSRAY operates as a diversified metals and mining company in Switzerland and internationally. The company primarily explores for copper, thermal or energy coal, gold, cobalt, and silver deposits.

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Jeff Mirkin has been trading penny stocks for 12 years and is an expert in microcap securities.