Monday, November 8, 2010

TAO Minerals Ltd. (TAON) Is Going Crazy

Shares of TAO Minerals Ltd. (PINK:TAON) are having solid gains in today's session so far as the stock has rallied 211% to $0.218 on huge volume of 43.50 million shares – over 20X its average volume after reporting a corporate update last Thursday and being positively mentioned in a popular investment newsletter over the weekend. n a technical chart, the stock has crossed 50-Day Moving Average and 200-Day Moving Average of $0.008 and $0.01 respectively. The company had total outstanding shares of 76.92 million shares, of which 59.97 million shares are 87.02 million shares are floating. Tao Minerals Ltd. is an exploration-stage company. The Company is engaged in mineral resource business. This business generally consists of three stages: exploration, development and production. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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