Troymet Exploration Corp. (CVE:TYE) (PINK:TRYXF) spiked up 22.41% after the company announced the completion of the winter drilling.

Troyment completed the winter phase of the 2011 drilling program on its Key gold-silver project. In total, 1,576.8 meters were drilled with nine holes successfully completed. The company plans to further expand its prospecting, sampling and ground geophysics determination efforts to cover the remaining claim area after spring-break. Two thirds of the area remain to be surveyed.

The company raised over $2 million back in November 2010, enabling it to proceed with the exploration without a worry for capital. However, the market valuation of the business shot up as well and has overextended a bit already.

A steady decline in the share price was recorded following November’s fund raising. The market cap shot back up to $30 million with the recent news infusion. On paper the business is worth only $6.1 million. Exploration stage companies with no revenues tend to trade up to 2 times their book value. The excess valuation clearly comes from high expectation rather than underlying material changes, since the results of the latest drilling weren’t even evaluated yet.

Traders should look for the price to pass above the resistance at 37 cents before considering an entry point. The news had a strong effect, but a gapping price action is not a reliable pattern, which could lead to sudden collapses on profit taking.

Troymet Exploration engages in gold and base metal exploration. All four of the Canadian company’s projects are located in Manitoba and British Columbia.

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Although El Capitan Precious Metals, Inc. (PINK:ECPN) has been delivering a run-of-the-mill performance on the stock market for the last two weeks, this circumstance has yet to produce an adverse impact on the upward trend which started last December.

Yesterday, ECPN stock went down 15%. Closing at $0.98 per share, ECPN stock was again relegated to the sub-dollar area. The price slump was accompanied by a two-fold surge in the volume. By the time yesterday’s session came to a close, more than 780 thousand shares of ECPN stock had changed hands.

Obviously, ECPN stockholders have not been favourably impressed by the latest update provided by CEO Chuck Mottley on Mar. 17. It revealed that ECPN had signed a contract with a partner for the exploration of its new drilling project, i.e a property based in New Mexico. While a final agreement has really been reached, its execution still falls into the category of forward-looking statements. [BANNER]

ECPN stock has not been a focus of interest among promoters since Jan. 25. Nevertheless, it has somehow managed to maintain a relatively sustainable growth.

El Capitan Precious Metals, Inc. describes itself as a company occupying the metal mining industry. The main focus of its activity seems to be the exploration of precious metals and other minerals. Headquartered in Scottsdale, Arizona, ECPN owns several properties in the southwestern part of the USA.

Being a regular SEC filer, ECPN only recently submitted its report covering Q4 of 2010. According to it, the company has accumulated:

• $630K in cash;

• a working capital surplus to the amount of $270 thousand;

• a quarterly net loss in excess of $250 thousand.

Just as in Q3, no revenues are to be seen in Q4. Of course, this may vanish into thin air if the properties owned by ECPN end up containing large deposits of gold, silver and/or other precious metals.

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Mainland Resources Inc (OTC:MNLU) continues its up move at top speed. After the huge gaining on Wednesday, during the past couple of days the stock climbed higher and its volume reached over 4.5 million shares.

As already reported on hotstocked.com, there is an absolutely reasonable explanation on the high trade – promotions. Obviously, they have strongly supported the stock price right from the beginning and it keeps moving up. The reason for the gain is that the promotions continue until February 2nd. Above all, MNLU has been promoted by speculatingstocks.com, whose name tells a lot about its business. According to the announcement, SpeculatingStocks.com, Inc. expects to be compensated by a third party (Lake Group Media Inc.) $5,000 cash for a two-week promotion, which additionally secures the MNLU up move.[BANNER]

However, Mainland Resources has just made another move to keep the high trade. Yesterday, the company announced they have entered into a Marketing Services Agreement with SEI Energy, LLC to provide them gas marketing options. The news gave investors new hopes for the future, though in general the situation of Mainland remains the same.

Considering its latest financial report, the company has generated no revenues by end-November and its accumulated deficit during the exploration stage is higher than $10 million. Despite the fact that Mainland has more assets than liabilities in its balance, the huge deficit points the company’s ability to continue as a going concern. Management team states it expects to receive additional funding to complete the 2010-2011 operations program, however, it is not available yet. This could significantly and materially restrict the company’ operations.

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Mainland Resources Inc (OTC:MNLU) has been climbing up since last week. Yesterday, the stock moved higher by adding 1.89% to its price and hitting a phenomenal volume of over 1.5 million shares. Now traders are wondering about only one thing – how long will the up move continue?

Last week, the price changes of MNLU were mostly negative, however, suddenly the downtrend was broken. Probably the only reasonable explanation on the stock move appears to be the latest news by Mainland Resources, reporting the extension of its oil and gas leases at the Buena Vista Haynesville Shale operating area in Mississippi. According to the announcement, more than 95% of the acreage will be retained into 2012 and 2013 as part of the company’s business plan in order to maximize the shareholder value.

This news obviously attracted investors’ attention and MNLU started the heavy trade, hoping the climb will continue. Though, it’s yet too soon to be certain about that.[BANNER]

Mainland Resources, Inc. is engaged in the exploration of oil and gas resources. Last April, its stock price was more than three times higher, reaching $1.60 per share. However, it has moved down since then. When considering its 10-Q report, the company has generated no revenues by end-November and its accumulated deficit during the exploration stage is higher than $10 million. Despite the fact that Mainland has more assets than liabilities in its balance, the huge deficit points the company’s ability to continue as a going concern.

Management team states additional funding will be required to complete the 2010-2011 operations program and anticipates to receive it. However, in case the additional financing is not available, this “could significantly and materially restrict our business operations”.

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Curlew Lake Resources Inc. (CVE:CWQ), (PINK:CWLXF) stock lost a significant part of its value on the company’s “no oil” news.

In unison with the release that Curlew Lake Resources Inc. is abandoning its well in order to evaluate other potential targets, CWQ stock got also abandoned by investors’ bullish mood.

On the TSX Venture Exchange, the company’s shares returned back by 67.74% on a colossal volume traded.

If the average trading volume of CWQ is approximately half a million shares, yesterday 9.7 million shares changing hands confirmed the share price decline.

On the American OTC Pink sheets market, investors also agreed on a price decline for the

Neuro-Biotech Corp. (PINK:MRES) average 2,000 share volume is not an unusual one for a company with no existent business, but on Friday that trading activity was boosted up. The reason were not the new business intentions, neither the new CEO of the company.

Nearly 21 million shares of MRES were traded on Friday, an almost unbelievable value for a stock with the already mentioned average volume of 2,000 shares. The jump in the price was not that unbelievable for a pink sheets stock, “only” 12% and the shares closed at $0.028, not being able to break the previous resistance. Though, the latest press releases by the company, that was previously engaged in the exploration and development of mineral properties in Canada, were not the reason for the sudden trading interest.

MRES faces completely new prospects currently, focused on neuroscience medical diagnostics and aimed at developing and commercializing blood tests for early diagnostics of various disorders. The biotechnology industry requires a lot of capital, however, and with MRES zero cash position at the end of July the company is obviously ready only for the next capital raising event, and for making their stock look more attractive.

Friday’s MRES price and volume jumps resulted from a stock promotion, worth $13,000 for a one time trading alert. Also implying that the effects on the stock will probably not last, MRES state of business is not enviable. As a result from their new business venture, in the middle of last month their CEO left, as of July, 27 the company had no employees and its “President and Secretary-Treasurer have agreed to allocate a portion of their time without compensation to the activities of the Company”.

The financial condition is not much better, especially in regard of the currently $18.56 market cap: around $680,000 in assets ($610,000 of which consisting of paid license fees) have to stand for almost $1.6 million in current debts. Further, MRES has no revenues since inception, but an accumulated loss of $53 million.

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A few weeks after PhytoMedical Technologies, Inc. (OTC:PYTO) announced their plans to start a new era in their business, yesterday the share price finally surged up. That surge resulted from a costly stock promotion and suspiciously resembles the well-know pumping and dumping.

Yesterday, PYTO jumped already before the market opened and provided at least the magnificent 43.75% gain. The stock closed at a price of $0.46 per share and the 15.5 million shares traded topped the three-year trading volume record from the beginning of the month.

At that time, PYTO announced a Non-Binding Memorandum of Intend (MOI) to acquire all the stock of Standard Gold Corp., a company engaged in the exploration of mineral properties. The final deadline for a definitive agreement is set for the end of December. Along with the MOI, PYTO has also provided its potential acquisition target with a loan of $30,000, to “maintain in good standing its rights to mineral claims”. That loan is also due on the same date: December 31, 2010.

The real price breakout for PYTO on the news did not happen, but a second attempt was made a week ago, though a reminder press release. The breakout failed again, and finally the promoters had to come into action. Yesterday, the number of trading alerts must have been enormous to justify the $140,000 paid in cash.

The generously paying third party seems also to be a kind of an online unregistered “investment advisor” and is probably holding positions in PYTO that it can dump on the market at any time and without any notice. As a low-priced and rarely traded stock, PYTO appears to be the perfect pick for such simple manipulations.

As for the company behind the stock, it is one with no significant cash or assets, no revenues and no marketable products. In it latest 10-Q, PYTO states to have been focusing its efforts on the development of an anti-cancer compound. Nine years later, the management is now wondering if it is worth to spend more on that compound, or search for other options. Correspondingly, this year the R&D expenses were cut off by almost 90%, while the the company spent five time more than previously on “Investor relations and marketing”.

PYTO stock may remain a hot pick for while and maybe now is the time of the shorters, since it is not known if the mining business will be more successful, or if Standard Gold Corp. has something else than a website.

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East Asia Minerals Corporation (CVE:EAS) pause in the recent uptrend continued yesterday, the company currently traded under $10, loosing further value and investor interest. Without the weekly press release, trading volumes decline, confirming the weakening of the trend and implying expected reversal in investor mood about the stock.

A number of press releases have pumped the around three months lasting uptrend for East Asia Minerals Canadian stock and have caused several jumps in the market value of the company. The latest one, dating back to last Thursday, informed the market about some significant progress on the Miwah Gold Project in Indonesia, whereby new gold-bearing have been encountered.

The week before that, East Asia Minerals also reported additional $18.85 in funding over a private placement of 2.5 million shares, which however will not immediately dilute current shareholders, as the shares are subject to a lock-up agreement expiring in September. Proceeds will be used to continue working on the Indonesian Gold Projects, though what the results will be, if any at all, remains undefined.

East Asia Minerals is working on 6 Indonesian and 14 Mongolia mineral projects, but as the interests on many of the properties were acquired 2006 and since then no results have been reported and even no economically recoverable ore reserves have been confirmed yet in any of the properties.

Also, the apparently strong financial position with $25.7 million in assets and no debt financing does not seem so flourishing on the second glance. Assets consist of $6.2 in cash and $18.8 in mineral properties. Though, the $18.8 million represent actually the costs, associated with the exploration and drilling of the mineral properties. Those expenses have been considered a long-term investment and appear thus on the assets side of the company.

Further, no revenues were realized, and losses have more than doubled from $1.6 to $3.4 in the six months ended February this year. All facts, implying the market is at the moment willing to pay exorbitant premium on some vague potential.

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The massive promotional campaign for Amarok Resources, Inc. (OTC:AMOK) continued on Friday with moderate success. But the market has already heard and seen enough of promotions and PR as their interest appears to be decreasing.

Three paid promotions for Amarok for a total cost of $60,000 on Friday recorded disappointing results for the company’s stock. The rise was quite moderate with 1.67% to a close of $1.83, but the more annoying news is that investors’ interest seems to start fading away. Trading volume dropped significantly to only around 166,000 shares and reached the lowest level since the stock is traded.

Promotions and press releases about new gold mining properties have permanently attacked the market over the last couple of months and have kept the price at the current levels. But PR impact seems already completely exploited, as a previous promotion from last Tuesday led only to a 6.2% increase and the volume started falling gradually. An accompanying press release was also not missing, and it provided gold rushers with good news, saying the company has ensured $1,000,000 in a private placement in exchange for 1,000,000 shares of common stock and 1,000,000 shares purchase warrants.

The amount will not be enough to cover the company’s obligations on its so far one and only officially confirmed ongoing project. According to the exploration agreement over the lease and the option to purchase a 100% interest in 29 unpatented lode mining claims located in Nevada, Amarok has to pay $5.5 in funding to cover the mining expenses, $1.5 million from which up to the end of this year.

But since the 60:1 stock split in February, dilution risks are the last thing troubling Amarok current and potential shareholders. No revenues, no assets, no operating activities and no investments are to be seen on Amarok’s financials and the main activity of the still in exploration-stage company since inception has been to collect money from hopeful investors and to promote a non-existent business.

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