LONDON, April 12, 2013 /PRNewswire/ --
Shares in Goff Corporation halted a two day slide in its stock after rising by more than 8% in trading yesterday on Wall Street. Goff Corp has been lower for the last two days running by double digits and it did trade higher on heavy volume of around $5 million so we will stay with the stock to see if we can see follow through in today's trading. Shares in Goff Corporation have now moved from 0.12 cents to the current price of $0.29 over the last month giving out potential gains of over 200% in the trade. GOFF Corp was the one of the heaviest traded stocks in the OTC market on Thursday.
ACADIA Pharmaceuticals (NASDAQ: ACAD) shot up over 64% to close at $13.10 after the company announced it had received an expedited FDA review path for its lead drug. The volume was huge in shares of the stock which was one of the heaviest traded and best price performers on the street in yesterday's trading.
Recently we have seen bankrupt companies like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac deliver profits from distressed levels that have been substantial for our readers, it just goes to show you that there are plenty of profits to made by trading the OTC market if you are a prudent investor, or you're a member of our free service.
If you are looking to know what's going on with these companies on the OTC and in addition receive weekly picks on stocks that we feature, simply sign up at our website for free.
Lyon Williams managed to follow through on its 16% higher day the previous trading day with another day in the green on Thursday. The volume did drop off a little in shares of Lyon Williams but still traded a substantial $7 million and was slightly higher on the trading day.
Shares in AMR Corporation seemed to be back in play yesterday after it traded more volume than any other name on the OTC market. AMR Corp is a name we have covered all the way from 0.60 cents to the mid $4.00 range. Shares have recently traded back to the low $3.00 range and yesterday was the first day in a while we have seen the stock trade higher on heavy volume which could be a chance to trade. The stock traded over $23 million ahead of the bell in Fridays trading.
Shares of Fannie Mae's amazing run to the upside from very low levels seemed to come to an end last week after the stock failed to get through the key $1.00 mark to close trading. The stock closed lower by 7% on the day with a heavily traded $20 million; however this was much lower than we have seen over the last week. Considering the volume has continued to trickle down we believe the same will be true of the share price which should be lower again through this week or flat at best in our opinion. Remember we first started covering Fannie Mae at 0.30 cents before it went to $1.50, on the second time around we have been covering since 0.50 cents and has moved almost 100% in around 2 weeks.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the small cap markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
Disclosure: Clubpennystocks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Clubpennystocks is a wholly owned entity of a financial public relations firm. We have not been compensated by any of the companies listed in this news release.
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