The overall market looked weaker today as concerns over Europe’s debt crisis began growing again. Greece still doesn’t have a deal and has been bickering with Germany over how it should handle its finances. All the major indices are all negative heading into the close. The Dow is down 16 points, the Nasdaq is down 5 and the S&P is down 4.
Penny stocks are faring better today with TECO, MFTH and ECIT all looking to finish the day with big percentage moves.
Treaty Energy Corp. (OTC:TECO) is up 84.78% right now at $0.0850 and hit an intraday high of $0.13 earlier this morning. TECO shares climbed after the company announced it struck oil in Belize. TECO has traded 42.9 million shares so far today.
Mediasafe 1 Technologies (OTCBB:MFTH) is up 86.67% today at $0.0280 with an intraday high of $0.0360. MFTH gaped at open to its intraday high and then fell slightly throughout the day. So unless you already had it, you couldn’t really make money on it. MFTH shares rose after the company announced it is advancing negotiations to acquire lifesaving medical technologies.
Ecoland International Inc. (OTCBB:ECIT) is up 37.17% today at $0.7750 with an intraday high of $0.79. ECIT has traded 4.8 million shares so far today. ECIT shares have jumped more than $0.20 over the past few days.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.