We are seeing some significant moves in the sub penny area again, we caught almost all these stocks in yesterdays scan:
DIAAF up 66% to 0.0004 on over 166M shares traded.
ADVC is up 50% on news of record revenues.
CWRM +42% , no news here, but this stock had a big run earlier this month, it is a possible dead cat bounce.
ASCB is leading the pack with a 100% move to 10c, a close spread of 9c/10c with 128,000 shares traded so far.
Some sub penny stocks trading on both pinks and OTC making moves today. As always be cautious with these 1000′th of a cent priced stocks.
ARRT - News today about revenues, stock is +50% to 0.0003, strong downtrend here needs to be broken before a run.
BNYN - Moving today to +23%, last $0.0016 on above average volume.
DNAG - Making a big spike to 0.0045 +28% following on strength from Fridays close
AWYI - Coming off the highs of 0.007, now 0.0064 after a +133% run last week.
Anybody fortunate enough to have owned PWREQ at 0.0006 yesterday, woke up this morning with a +1500% gain in their portfolio. Whether the stock manages to actually stay at this level and absorb some selling is yet to be established.
Other big sub penny movers this morning include: CWRM, UDTT, ERUC and MRDY
Are Penny Stocks Worth it??
Penny stocks have no exact definition, but generally those stocks that sell for under $5 over-the-counter (OTC) are the race cars of the stock market. Willing to take a gamble? It is tempting, plenty of big names started off small and had 100%, 500%, 1000% and even 10,000% gains.
The objective is to find the good from the bad. You can find penny stocks trading anywhere between 0.0001 and $5. Some penny stocks trade even higher into double digits $10-$50. The price is not what makes it penny stocks, its the market capitalization.
Market cap is the value of the company, you get it by multiplying the total amount of shares the company has by the last price of the stock.
As an example, if a stock has 30M shares outstanding at the last trade of $2, then the company is worth 2×30M = $60M market cap.
Generally most investors will group companies with less than $2B in value as small cap, but usually anything under $500M can be accepted as a penny stock.
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