With penny stocks you always know what to expect. Lots of volatility and manipulation. Be it the new promo stock on the block, or the old winner that is trying to bounce off its dump, experienced traders know what they are getting when they get into the otc and otcbb markets.
On the broader market, it will all be about the test of the rally’s strength. What will the jobs report show? Earnings? The Fed? Europe. Lots of lingering concerns for a market that has just had its best quarter since the tech bubble. First up will be the jobs report which expectations have been tempered as of later. Most analysts expect a moderate increase, but below the average job creation of the past few months.
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Penny Stocks to Watch
Sunpeaks Ventures (OTC:SNPK) saw extremely volatile trading on Friday. Shares of SNPK had been rallying last week and hit a high of $1.04 Friday morning. SNPK quickly turned negative as heavy selling volume poured into the stock sending it down as low as $0.53. The stock then bounced from there and finished the day at $0.77, down 18.86% on the day.
Cannabis Science, Inc. (OTC:CBIS) closed up 28.70% on Friday at $0.1390. CBIS hit an intraday high of $0.1430 on Friday and traded 29.9 million shares. CBIS shares jumped from $0.08 to over $0.14 last week.
Stevia First Corp. (OTC:STVF) ended Friday 9.66% at $1.59. STVF traded 2.2 million shares on Friday, about 40% of its daily average volume. STVF shares jumped more than 100% early last week and hit a high of over $3 before crashing 50% to the $1.50s.
Titan Iron Ore Corp. (OTC:TFER) closed down 2.80% on Friday at $1.04. TFER traded 3.2 million shares on Friday, well above its daily average of 2.2 million shares. TFER shares fell $0.40 a share last week. TFER did have a 20% bounce in intraday trading on Friday, but ended up finishing negative.
Muscle Pharm Corp. (OTC:MSLP) closed Friday up 15.48% at $0.0358. MSLP traded 32.1 million shares on Friday, 3 times its average volume. MSLP shares jumped more than 100% last week as it began trading monday at $0.015.
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Solos Endoscopy, Inc. (PINK:SNDY) closed Friday up 16.13% at $0.0180. SNDY traded 70.8 million shares on Friday and hit an intraday high of $0.0220. SNDY saw a lot of volatility last week as it whipsawed in a range of $0.014 and $0.024.
Pershing Gold Corporation (OTC:PGLC) fell 12.70% at $0.55 on Friday. PGLC traded 2.6 million shares on Friday, 4 times its average volume. PGLC shares fell nearly 50% last week. PGLC shares jumped to over $0.90 on Wednesday and then dropped $0.40 on Thursday and Friday.