ONTC onto something, CGFIA clicks, CPTC pasted

Posted on: Monday, April 11th, 2011
Written by:
Glenn

Onteco Corp. (Pink Sheets: ONTC) hurtled 166.7% higher to 2.4 cents Monday afternoon, on share volume of 295,000, still catching up on a daily average of 385,000.

Colorado Goldfields Inc. (Pink Sheets: CGFIA) nosed out its daily volume average of 52.9 million shares, by trading in 62.5 million Monday. Prices, though, faded 14.3% to six-100ths of a cent, only days after reporting progress on a permit for the West Mill.

Composite Technology Corp. (OTCBB: CPTC) took a beating in price, 70.5%, to 5.6 cents. Volume was 5.4 million shares, towering over its average of 254,000, only hours after filing for Chapter 11 bankruptcy protection.

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Category: OTCBB, Penny Stocks, Pink Sheets, Technology Stocks
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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.