Santo Mining Corp (OTCMKTS:SANP) is one of the more notable vertically integrated blockchain and cryptocurrency companies in the industry, but its stock has performed poorly in recent days.
Trading Data
On Monday, SANP stock slumped 20% at $0.0012 with more than 173.62 million shares, compared to its average volume of 89.02 million shares. The stock has moved within a range of $0.0010 – 0.0015 after opening trade at $0.0015.
SZZT Electronics Co., Names Santo Blockchain Labs as Latin American Affiliates
The rout in the Santo Mining stock continued yesterday as the selloff intensified and it tanked by as much as 20%. That took the losses made by the stock over the course of the past week to as much as 40%. The company, which has operations in a number of nations, announced yesterday that it had been chosen Affiliate for the Latin American market by SZZT Electronic Co.
It was a major development for the company and one that could make it a major presence in a dynamic emerging market. However, it was clear that it did not cause any special optimism among investors and the selloff continued apace.
By way of this arrangement, Santo Pay will be allowed to be deployed on ATM terminals and OEM terminal POS that are going to be sold to firms in the continent. Despite the poor performance from the stock, it may be a good idea for investors to continue to keep track of the Santo Mining stock this week.
Technical Data
SANP stock is trading below the 20-Day and 50-Day Moving averages of $0.0016 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0025.
