The overall market is set to end the day mostly mixed as the market lacks any real direction. The Dow is down 9 points, the Nasdaq is up 5 points and the S&P 500 is up 1 point. The price of oil continues to rise today and is getting closer to $110 a barrel this afternoon. It looks like traders are wary of holding over the weekend after seeing gains earlier in the week.
Penny stocks have seen a lot of action and a lot of buzz today.
North Springs Resources (OTCBB:NSRS) is down 12.71% today at $0.2060. This old pump continues to dump after hitting a high of close to $2 earlier this month. NSRS has traded 44.2 million shares near the close. The stock traded about 59 million shares a day on average at the height of its pump.
America West Resources (OTCBB:AWSR) has been the most talked about stock today on the message boards. This stock rose about 300% yesterday after an email from Awesome Penny Stocks, the same group that pumped NSRS, picked this stock as their newest play. Everyone was raving about how this stock was going to go to the moon today. Well that all changed after the group sent out another email canceling the pick and said it was an error by their editor. This caused the stock to plummet from the previous close of $1.29 to a low of $0.50 today. AWSR is currently trading at $0.93.
Cannabis Science Inc. (OTCBB:CBIS) is up 9.63% at $0.0899. CBIS has traded 33.8 million shares so far today, well above its daily average of 1.7 million shares. Cannabis has jumped this week from about $0.04 to as high as $0.10.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.