Stocks have rallied slightly today thanks to good consumer confidence data. The Consumer Confidence Index was over 70 this month, blowing past analysts estimates of 63. In afternoon trading, the Dow is up 18 points, the Nasdaq is up 17 points and the S&P 500 is up 3 points.
On the penny stock front, CBIS and LOGL continue to trend higher. URBG and MJNA also posted big gains today.
Cannabis Science Inc. (OTCBB:CBIS) is up 57.42% this afternoon at $0.1730. CBIS continues to trend higher as the company has released positive news regularly for the past two weeks. The stock is trading extremely heavy volume today with 78.4 million shares traded well above its daily average of 1.7 million shares.
Legend Oil & Gas, Ltd. (OTCBB:LOGL) is up 18.18% today at $1.43. LOGL is up more than $0.50 over the past week. LOGL continues to trade big volume every day and has traded 4.2 million shares so far today. LOGL typically trades 468 thousand shares.
Universal Bioenergy (PINK:UBRG) is up 96.61% this afternoon at $0.0580. UBRG has traded 19.8 million shares today, above its average of 1.1 million shares. Universal Bioenergy announced yesterday it projects a major surge in sales to top $200 million in the next 12 months.
Medical Marijuana, Inc. (PINK:MJNA) is up 86.21% in afternoon trading at $0.0540. MJNA has traded 18.3 million shares today, while the stock usually trades only 1.5 million. MJNA is higher today after announcing it completed financing agreement with CannaBANK Inc for up to four million dollars to complete several key acquisitions.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
The overall stock market is looking better this afternoon after it opened lower this morning. Stocks were set to have a negative day today, but positive news on pending home sales sent the major indexes into green territory by mid morning. This afternoon the Dow is trading up 33 points, the Nasdaq is up 8 points and the S&P 500 is up 4 points.
Let’s take a look at 4 penny stocks posting double digit gains.
Cannabis Science Inc. (OTC:CBIS) is up 20.91% today at $0.1064. CBIS is up on heavy volume and is the most traded OTC stock today. Over 37 million shares have been traded so far today, way above its average volume of 1.7 million shares. CBIS has been trending upward for about a week now as the company continues to release a news.
Gold Coast Mining Corp. (PINK:GDSM) is up 35% today at $0.0260. GDSM has traded 50 million shares today. GDSM has been on a tear since announcing a joint venture and an option to acquire Gold Star Mine claims of Feb. 14.
Legend Oil & Gas, Ltd. (OTC:LOGL) is up 13.33% today at $1.19. LOGL shares are up more than $0.30 over the past five trading days. LOGL has traded 1.7 million shares today and typically trades 459 thousand shares a day on average.
Itonis Inc. (PINK:ITNS) is up 15.85% today at $0.0475. ITNS gaped at open today and quickly ran to $0.0655 before coming back down. The company announced it plans to patent proprietary technology that magnetizes salt to revolutionize water desalination industry.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.
Despite the overall market having a great day, things are quiet in the OTC and OTCBB markets. It looks like traders have moved towards the big boards for the time being or traders are still making their way back from holiday trips. We’ll probably see penny stocks pick back up later this week. Let’s take a look at the most active OTC stocks so far today.
Legend Oil and Gas, Ltd. (OTC:LOGL) is down 21.38% today at $1.25 in midday trading. LOGL has traded more than 1 million shares so far today, well above its daily average of 339 thousand shares. LOGL was in the news last week after a series of short seller articles were published on Seeking Alpha and accused LOGL of engaging in stock promotion activities. Following the release of these articles, LOGL shares fell from $1.80 to a $0.60. The following day, LOGL released a PR denying all allegations and the stock rose back up and closed on Friday at $1.59. [click to continue…]
Andiamo Corp. (OTC:ANDI) is up nearly 30% at $0.0027 today with an intraday high of $0.0032. Andiamo announced yesterday they are launching 28 new apps for the Apple iPhone. ANDI has traded close to 40 million shares so far today.
Energy 1 Corp. (OTC:EGOC) is up 40% today at $0.0031. EGOC is up on big volume with over 12 million shares traded so far today. [click to continue…]
