Penny Stocks on the Move 01.07.2013: XUII, IWSY, NTEK, NVIV, AGIN, VPCO
Xumanii (XUII) – XUII is once again the most actively traded penny stock on the OTC market as today market players were hit by another aggressive promotional campaign dedicated to the company.
As a result XUII opened the session with a gap up at $0.294 and, staying above the previous close within the first trading hour, it peaked at $0.31 per share. Several minutes ago, however, XUII plunged down to an intraday low at $0.273 per share and is currently trading at the same level at which it closed the last trading session, or $0,29 per share. So far more than 3.5 million shares of XUII common stock have changed hands, which translates into a trade value of $1.04 million.
The highly volatile start of XUII today is due to another attack of newsletters featuring the company’s stock symbol. The campaign is led by Trader Central, Penny Stocks, Awesome Penny Stocks and Penny Stocks Expert. Trader Central, which is owned by Capital Financial media, disclosed that the latter had received and managed a total production budget of $1.5 million for the service, while the rest of the promoters disclosed a compensation of 10,000 Euro.
ImageWare Systems, Inc. (IWSY) – IWSY keeps being in a bullish mode as it has registered another 52-week high today. Currently shares of IWSY stock are trading 3.5% higher at $2.69 per share on a higher than average volume of 333 thousand.
The up-move of IWSY continues without the support of any press releases today. Apparently market players are exploiting the momentum run of IWSY, but as the stock is currently at a great distance from its 50-MA and its market cap has been inflated to more than $200 million, it will not be surprising if we see a correction phase soon which will reduce the distance from the moving average.
NanoTech Entertainment, Inc. (NTEK) – After a corporate update, which was issued earlier today by NTEK, the company stock gained the support of penny stock traders and is currently trading under substantial buying pressure. Currently, NTEK stock is trading 20% up at $0.072 per share on a higher than average volume of 11 million.
Today, the company announced that it had entered into a licensing agreement with MGE Inc., distributors of one of the largest libraries of classical DVDs, allowing NTEK to distribute the library on its OTT/IPTV network to customers around the world.
NTEK opened the trading session with a gap up at $0.063 and since then has been constantly climbing up, hitting a new 52-week high at $0.074 per share.
InVivo Therapeutics Holdings Corp (NVIV) – NVIV stock is having an unstable trading session today. After opening with a gap up at $4.134, it shortly fell down below the previous close to an intraday low at $4.02 per share. However, one hour ago NVIV shot up above the previous close and is now trading 1% up at $4.17 per share on a below average volume of 170 thousand. The total trade value generated by NVIV stock today has reached $691 thousand.
There is no press release to influence the stock today which explains why the trading activity around the stock is lower than usual.
American Graphite Technologies Inc. (AGIN) – Shares of AGIN stock are sliding down today despite the fresh press release issued by the company. A couple of hours ago AGIN announced the receipt of the abstract for 3D printing project P-600 from Mr. D.V. Vynogradov, project manager of the scientific team at the Kharkiv Institute of Physics and Technology in Kharkiv, Ukraine.
Apprently, penny stock traders were not impressed by the news since the stock has been victim of selling pressure for the last trading hour. Shares of AGIN stock are currently trading 3% lower at $0.495 per share on a higher than average volume of $1.3 million.
Vapor Corp. (VPCO) – VPCO is heavily traded today as until now the stock has generated a trade value of $491 thousand. Shares of VPCO stock are trading 3.5% higher at $1.17 per share on a higher than average volume of 404 thousand.
VPCO is a marketer and distributor of electronic cigarettes, whose stock is treaded on the OTCQB Market. Currently it holds a market capitalization of $68 million and has established a 52-week range of 1.50 – 0.15.