PTMD prices hike, KNSC busy, BLEWE bruised

Posted on: Wednesday, March 23rd, 2011
Written by:
Glenn

Protectus Medical Devices Inc. (Pink Sheets: PTMD) saw its shares nearly double in price Wednesday to 1.99 cents, on volume of 444,488 shares, trampling a daily average of 38,113. The Minneapolis-based PTMD is a developer and marketer of innovative safety medical devices.

Kenergy Scientific Inc. (Pink Sheets: KNSC) was among the most active of microcaps Wednesday, trading in 63.4 million shares, compared to 23.7 million it usually does. Share prices were cut in half, however, to one-100th of a cent.

Bluewave Group Inc. (OTCBB: BLEWE) took a nosedive in price 97.8% Wednesday to 21-100ths of a cent. Volume was 182,880 slightly less than its daily average of 298, 704. The Fort Lauderdale-based BLEWE affordable high-quality premium-designed musical products, unique audio experiences and top-notch sports and entertainment events.

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Category: Energy Stocks, Healthcare, OTCBB, Pink Sheets
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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.