Shares in Swingplane Ventures (SWVI) traded to another new all-time high for the stock to close trading on Wednesday at 0.90 cents per share. In a heavily traded day for the stock SWVI traded higher by a further 10% on over $25 million in volume to close at a new high of 0.90 cents per share. SWVI did trade an intraday high of 0.97 cents in trading as it looks to break the $1.00 mark at some point this week. All eyes are sure to be on the company as it goes into Thursday’s trading session.
Shares in AMR Corp (AAMRQ) had a healthy trading pullback after more than doubling in price over the last trading week. AAMRQ was lower by 10% on still extremely heavy volume with the company seeing over $60 million exchange hands on Wall Street.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AMR Corp even a company in bankruptcy has ended up becoming a positive winner for many traders.
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.
Nokia Corporation (NOK) is a company that traded big volume today both on the NASDAQ and on the OTC market. Shares of Nokia traded over $200 million and were just lower by 2.8% in a heavily traded day for the company. Many investors are looking at shares of Nokia as a value buy with the stock trading at almost $4.00 up from $1.63 over the last year, especially with the current slide in shares of Apple (AAPL).
Green Innovations (GNIN) followed up on its big down day in trading with yet another bad day to close on Wednesday. Shares of GNIN closed down a further 34% on over 5 million in volume. The stock has now retraced back from almost $3.00 per share to below $1.00 per share which is normally when we see stocks in free fall as we have with GNIN these last 2 trading sessions.
Medical Marijuana (MJNA) was another company that followed through on its previous days loss, with another trading day to the downside in action on the pink sheets markets today. Shares of MJNA were lower by 9.6% on almost $10 million in volume.
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 OTC 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.
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