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Penny Stocks on the Move

Penny Stocks on the Move on June 21: BIZM, NORX, ACCS, TQLA, WDDD

BIZM logo2Biozoom, Inc. (BIZM) – Shares of BIZM are rallying today as the stock plunged sharply yesterday after it received a caveat emptor sign on the OTC Markets. At the moment BIZM shares are tup 12% at $3.52 on a higher than average volume of 1.9 million.

Yesterday, BIZM bid farewell to 20% of its share value while traders exchanged 5.2 million shares of BIZM common stock. Today, BIZM may test the $3.00 mark as this level acted as a resistance last week.

So far today there haven’t been any new corporate updates by the company which may additionally fuel the selling pressure on the stock. Yesterday, BIZM filed an 8-K form reporting that its wholly owned subsidiary, Biozoom Technologies had exercised its option to acquire 19.9% of Opsolution GmbH for $9.950.

After yesterday’s decline, BIZM market capitalization fell down to $187 million and the company may continue losing value as long as OTC Markets keep officially displaying their mistrust in BIZM.

NORX logoNorstra Energy, Inc. (NORX) – Today, NORX continues to test the support of its 50-MA. After surging up to $0.92 per share in the first hour of trading, NORX stock is now valued at $0.809 per share which is 2% lower than the previous close. So far 1.4 million shares of NORX common stock have changed hands, which represent a trade value of $1.2 million.

It looks like NORX will need additional stimulus in the form of a corporate update or a market awareness campaign in order to rally further up after the big crash of last week. Then the stock fell from $2.00 to $0.60 per share.

ACCS logoAfrican Copper Corp. (ACCS) – Shares of ACCS are trading higher today, but this is of small use to investors who got burnt yesterday in what appeared to be a large scale pump and dump scheme.

The promotional campaign of ACCS cost $500,000 and helped produce a trading volume record for the stock as 108 million shares changed hands during the day, thus  ACCS registered a trade value of more than $14 million. In fact, yesterday the stock traded higher in the first half of the day but in the second half it collapsed losing 75% of its value.

Today, ACCS stock is trading 1% higher at $0.034 per share on a higher than average volume of 21 million. Earlier today the company announced it had received the NI43-101 compliant technical report on the Pinette Copper Silver Project Prospecting Licenses in Botswana, Africa. However, the press release has had an insignificant effect on the market, as ACCS has lost the support of penny stock traders after its dramatic crash on the last trading session.

TQLA logoMontalvo Spirits, Inc. (TQLA) – Just in tone with the general bearish mood on the OTC Markets today, TQLA is trading 9.50% lower at $0.914 per share on a volume of 662 thousand. Apparently penny stock traders have decided to correct the inflated market value of the company which was $67 million as of June 2013.

It is no wonder that TQLA is experiencing a heavy selling pressure at the moment, since all US benchmark indexes have entered a correction phase and besides today the company hasn’t issued any press releases to keep the attention on its stock.

TQLA is currently positioned at the lower border of its uptrend channel which is a good point for speculations as the stock may either bounce receiving technical backup at this point or succumb to the negative market mood and break below the support.

WDDD logoWorlds, Inc. (WDDD) – At the moment WDDD stock is trading 7% lower at $0.304 per share on a volume of 2 million shares which is four times higher than the monthly average.

Today the company issued a press release announcing that the Markman Hearing in the patent infringement lawsuit against Activision Blizzard Inc., Blizzard Enetertainment Inc., and Activision Publishig Inc. had been delayed by two months and rescheduled to August 22, 2013.

Apparently shareholders of WDDD had forestalled the announcement as the stock had already declined significantly on the previous trading session. Thus, yesterday WDDD stock lost 20% of its value on a volume of 3.1 million.

Today the stock is continuing the down move and in the first trading hour it even broke below the 200-MA but managed to bounce back up above the moving average.

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