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Micro-Cap of the Day; Medinah Minerals Inc. (MDMN)

By Warren Paige

Shares of Medinah Minerals Inc. (PINK: MDMN), a junior mining exploration company engaged in the exploration and development of mineral properties primarily in South America, saw a huge rally in trading on Thursday.

MDMN shares ended the day 71.19% higher at $0.145 on above average volume of 15.79 million.

MDMN gains could have been due to some stock promotion activity as the company has not made any major announcements in the last few days.

According to a filing made by Medinah Minerals last month, the company had total revenue of $182,000 for the year-ended December 31, 2011, compared to $74,000 reported for the year ended December 31, 2010.

MDMN’s gross profit for the year ended December 31, 2011 was $145,000. The company had a net loss f $20,000 for the year ended December 31, 2011, down from $278,000 reported for the year ended December 31, 2010.

 

July 20th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.