PNNB hits pinnacle, NUBL trades widely, ENMGF eases off

Posted on: Monday, March 21st, 2011
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Pinnacle Bank of Oregon (Pink Sheets: PNNB) zoomed 150% higher Monday to half a cent on micro-cap markets. Volume was 25,000 shares or nearly triple its daily average.

Numobile Inc. (Pink Sheets: NUBL) dealt in 43.9 million shares Monday, compared with an average of 112.2 million. Share prices, though, were halved to one-100th of a cent, just a week after swearing in David Lee as new CEO.

Entourage Mining Ltd. (Pink Sheets: ENMGF) dropped in price 60% to four cents. Volume was 31,330, or nearly eight times its daily average.

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Category: Pink Sheets, Technology Stocks
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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.