HMLA hits heights, CGFIA steady, MYEC tanks

Posted on: Monday, March 21st, 2011
Written by:
Glenn

Homeland Resources Ltd. (Pink Sheets: HMLA) leaped 55.6% in price Monday to 35 cents, on volume of nearly 4 million shares. It was reported thаt a large-scale 3D seismic program hаѕ begun οn 83,043 acres (130 square miles) аt thе Liberty Ridge Project іn southern Oklahoma.

Colorado Goldfields Inc. (Pink Sheets: CGFIA) was among the volume leaders in micro-caps Monday, trading in 40.8 million shares, still short of its average of nearly 51 million. Share prices were flat at seven-100ths of a cent.

MyECheck Inc. (Pink Sheets: MYEC) tailed off 56.5% in price to half a cent Monday, on slight volume of 450 shares, way below its average of more than 66,000. MYEC is an electronic transaction processor and provider of alternative payment solutions.

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Category: Energy Stocks, Pink Sheets
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About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.