Penny stocks didn’t get to lay claim to volatility yesterday. It returned with a vengeance on the broader market as investors got their first chance to digest the jobs number from last Friday. One takeaway that should give the bulls some solace is that the route was not volume heavy. Volume was light so it showed that the majority of investors were in a wait and see mode.
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In the world of penny stocks, it is all about the pumps. SNPK, once thought a one and done continues to defy expectations and climbed above a dollar today. Could be the recent acquisitions of several promoters into one giant promoter that is helping keep this one alive. As always, trade nimble if penny stocks interest you. Those moon shots are fleeting so be happy when you make money and leave.
Active Penny Stocks
Sunpeaks Ventures, Inc. (OTC:SNPK) closed yesterday up 22.12% at $1.38. SNPK traded 27.2 million shares on Monday, well above its daily average of 19.8 million shares. SNPK shares continue to rally as the stock promotion campaign behind it continues. The stock has seen some very big drops along the way though so traders should beware when trading these type of stocks.
Stevica First Corp. (OTC:STVF) fell 17.81% on Monday and closed at $2.03. STVF hit an intraday low of $1.75 shortly after market open yesterday. The stock traded 2.3 million shares on Monday and trades 4.2 million shares a day on average. Another pull back was bound to happen as the stock had been rallying for nearly a week from $1.60 to well over $2.
HDS International (PINK:HDSI) jumped 124% on Monday at $0.0325. HDSI traded 67 million shares yesterday. HDSI shares are bouncing back the past two trading days after the stock plummeted from $0.15 to $0.01 in just three days.
AISystems, Inc. (OTC:ASYI) went up more than 200% on Monday at $0.0121. ASYI traded 74 million shares on Monday, way above its daily average of 110 thousand shares. ASYI shares have jumped about 300% in the past two days.
Cannabis Science, Inc. (OTC:CBIS) closed down nearly 15% on Monday at $0.1420. CBIS traded 22.3 million shares yesterday. The stock has traded as high as $0.18 and as low as around $0.135 in the past week.