Microcap Movers: New Jersey Gives Online Gambling The Go Ahead

ClubPennyStocks |

Small Cap Stocks Ahead Of The Bell: Zynga Inc, Swingplane Ventures, AMR Corp, Green Innovations

The markets capped a strong days trading across the board on Wednesday as Meru Networks (MERU) had a strong day trading on Wall Street.  Shares of MERU closed higher by 19% on $15 million in volume as they priced an underwritten public offering of 3.00 million shares of its common stock at a purchase price of $4.00 per share.

Zynga (ZNGA) was one of the heaviest traded share volume movers on the NASDAQ yesterday in a heavily traded day across the board on the street.  ZNGA was higher by 4.7% on a massive 8 million shares traded.  New Jersey gave the nod to online gamboling today in a move that is sure to be a positive for the stock going forward.

Swingplane Ventures (SWVI) remained one of the top volume leaders in the small cap arena trading over $20 million in trading volume.  Shares in SWVI did pull back around 25pcnt after rising in the previous 3 trading sessions.  This is the second big slide we have seen in shares of SWVI over the last week it remains to be seen if the volatility will continue.

Shares in AMR Corp (AAMRQ) traded higher by 1% after being lower in the previous day’s trading, the trading swings have been very tight in this name over the last few sessions with flat trading. The company is still trading extremely heavy volume compared to its normal trading average obviously due to the ongoing closing of its merger with US Airways.  AAMRQ traded over $7 million today making it once again the largest volume trade in the over the counter market.

Green Innovations (GNIN) was back in play in the markets to close yesterday with shares rising 31% to close the day on heavy volume.  GNIN had been a high flyer a few weeks ago trading ten times what it did in volume today.

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 AAMRQ 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.

www.clubpennystock.com

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.

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 ClubPennyStocks features, simply sign up at our website for free. 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. Read disclosures here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
GGT.UN:CA Goodman Gold Trust n/a n/a n/a 0

Comments

Emerging Growth

Veritas Pharma Inc.

Veritas Pharma Inc, formerly Seashore Organic Medicine Inc is an emerging producer and distributor of medical marijuana.

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…