INBG makes inroads, AGEL trades, QING stumbles

Posted on: Thursday, March 24th, 2011
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International Building Technologies Group Inc. (Pink Sheets: INBG) doubled in price early Thursday to two-100ths of a cent, on volume of 2.4 million, compared to daily average of 10.1 million. INBG is in the business of manufacturing, marketing and providing equipment and materials to the building and construction industries.

Angel Acquisition Corp. (OTCBB: AGEL) saw its shares fly off the shelves, 754.6 million in all in early Thursday trading. Normally, AGEL deals in 6.1 million in a full day! Share prices were flat at one-100th of a cent, a day after GATE Technologies announced today that it has acquired controlling interest in Angels in Action, an AGEL operating company.

Qingdao Footwear Inc. (OTCBB: QING) collapsed 75.9% in price Thursday to 32 cents. Volume for the stock was 17,581 shares, compared to a daily average of 2,662.

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Category: OTCBB, 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.