Wall Street is taking a big hit today as investors continue to worry about the ongoing debt crisis in Europe and the U.S. There are now concerns that Europe’s debt crisis is spreading to larger countries including Italy and Spain. Meanwhile in the U.S., lawmakers are at an impasse in the debt ceiling talks raising fears that there might now be an agreement before the Aug. 2 deadline.
There are plenty of active penny stocks trading today including POTG and CDOI. CDOI has seen gains of over 100% today.
Portage Resources (OTC:POTG) is up 13% after the company announced it was looking to acquire mining concession in Peru. POTG is trading at $1.02 right now with an intraday high of $1.04. Over 12 million shares of POTG have been traded so far today.
Shares of Cardio Infrared Technologies, Inc. (OTC:CDOI) are up 123% today at $0.0670 and were as high as $0.0710. CDOI has traded nearly 100 million shares with half the trading day left.
MultiCell Technologies, Inc. (OTCBB:MCET) is up 25% with over 70 million shares traded. MCET is trading at $0.0107 with an intraday high of $0.0150 following news that the company and University Health Network are evaluating two potential therapies for liver cancer treatment.
SavWatt USA, Inc. (OTCBB:SAVW) is up 46% today and has traded over 112 million shares with about 2 hours left in the trading day. SAVW is trading at its high of the day right now at $0.0057.
Smart Holdings, Inc, (OTC:SMHS) is up 150% today after the company sets date to launch drug sales program on National TV. SMHS is trading at $0.0080.
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Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
Stocks are continuing their decline today following the massive sell off yesterday on poor economic news. While the overall market is looking bleak right now, penny stocks have been on fire this morning with multiple big runners happening. SMHS and INOL have both seen over 100% gains so far today and SMHS is continuing to run right now.
NeoMedia Technologies Inc. (OTCBB:NEOM) is up over 20% at $0.08 with over 14 million shares traded. NEOM saw an intrday high of $0.0884 earlier this morning. NEOM is having a decent bounce today, as it did yesterday.
Shares of Smart Holdings Inc. (OTC:SMHS) are up over 400% after the company announced an exclusive deal to sell prescription and generic drugs nationwide. SMHS is trading at $0.0150 and was as high as $0.0160 with over 100 million shares traded today.
Inolife Technologies (OTC:INOL) is seeing gains of over 70% today at $0.0038 and was as high as $0.0052. The company announced earlier today that they have delivered their product to Gulf Coast Pharmaceuticals. INOL is having a decent volume day with over 128 million shares traded today.
Pervasip Corp. (OTC:PVSP) has seen some decent gains today after the company announced that NetCapital is converting some of the company’s debt into common stock. PVSP is currently trading at $0.0735, a gain of about 30% and was as high as $0.0765. Following this news, PVSP has traded over 5 million shares.
While the market continues its slide today, penny stocks have heated up with big gains for SMHS and INOL in particular. Hopefully, Friday will treat penny stock traders even better.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
Stocks continue to drop in late day trading after weak earnings from Pfizer (NYSE:PFE) and Clorox (NYSE:CLX). Pfizer has dropped 3% and Clorox is down 4%. Oil is has fallen some today because of a higher dollar and expectations that the U.S. oil supplies are growing. The Dow is down 38 points, the Nasdaq is down 31 points, and the S&P is down 8 points. Let’s take a look at what penny stocks traders have been buzzing about today.
Lifevantage Corporation (OTCBB:LFVN) is up again today over 30%. LFVN has been trending higher since Friday when it was trading around a $1. LFVN is currently trading at $1.90 with an intraday high of $1.97. No news on LFVN, could be a possible promotion or rumors.
Shares of Smart Holdings, Inc. (OTC:SMHS) are up 47% today and way off its intraday high of $0.0190. SMHS started the day at $0.0131 and then went quickly to $0.0190 before steadily falling the rest of the day and is currently trading at $0.0062. It looks like their was a promo for SMHS that caused the gap up and then the sell off. Definitely have to be careful when trading promo picks.
Thornburg Mortgage Inc. (OTC:THMRQ) is up 300% at $0.0280 after a Wall Street Journal article about the court-appointed trustee for THMRQ suing big banks such as Citigroup for $2.2 billion. THMRQ has traded as high as $0.0380 today with nearly 37 million shares traded so far. This is a huge volume day compared to the 367 thousand shares that it averages a day over the past 3 months.
Javalution Coffee Co. (OTC:JCOF) is up 11% today at $0.20 with an intraday high of $0.30. A PR from Monday in which the company announced a $2 million deal with Aldi, Inc. caused the stock to gap open today at $0.26. It then quickly moved to $0.30 before coming back down and settling at its current price of $0.20.
The late day oil plunge is hopefully a positive sign for consumers at large. Commodity prices have pummeled the US shopper in recent months and if the plunge continues it should drag down food prices. Definitely something to watch in the coming days.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Strategy is not liable for any losses you may incur.
