As always penny stocks are showing a lot of volatility today.
North Springs Resources Corp (OTC:NSRS) continues its downward spiral today and is down 15.82% at midday. Anyone following penny stocks knows all about NSRS. The stock started getting pumped in late December at less than $0.20. From there it went as high as $0.90 in mid to late January before dipping back into the $0.50s. NSRS then had another run from the $0.50s to a high of $1.72 on February 7. Since then, it has fallen all the way to where the pump began and is currently trading at $0.1780. As will all pump, there will always be an inevitable dump back down to where the pump started or even lower.
Cannabis Science Inc. (OTC:CBIS) has been rallying over the past two weeks after signing multi-company acquisition and licensing deals. The company has kept releasing news at a steady pace since then as well. They appointed former Walgreens Executive Pharmacist Dr. Moe Afaneh as Chief Operation Officer. CBIS is up 18.75% today at $0.1045 and is up more than 300% in the last two weeks.
Gold Coast Mining Corp.(PINK:GDSM) has rallied about 600% since February 14. The stock is up 46.50% today at $0.0293. Gold Coast Mining announced on February 14 they entered joint venture with Western Sierra Mining and option to acquire Gold Star Mine claims.
Legend Oil & Gas Ltd (OTC:LOGL) is currently trading at $1.18 and is up 12% today. LOGL started rallying on Feb. 22 and was trading at $0.90 then. LOGL’s move up could be due to the recent increase in oil prices as investors look for any company in that sector and buy up shares.
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