MBDE travels, NUBL revels, BESE unravels

Posted on: April 11th, 2011
Written by:

Morris Business Development Company (OTCBB: MBDE) went skyward soon after Monday’s open, leaping 614.3% to eight cents. Volume for the stock was just over 30,000 shares, better than five times its all-day average.

Numobile Inc. (Pink Sheets: NUBL) traded in 92.5 million shares early Monday, in contrast with an average of 86.4 million. Share prices doubled to two-100ths of a cent.

Beeston Enterprises Ltd. (Pink Sheets: BESE) shares surrendered 53.2% in Monday’s first hours to 45-100ths of a cent, on volumes of 52,000 shares, catching up on a daily average of 84,000. Beeston is a mineral exploration Company with extensive mineral tenures located in the Quesnel Trough area in Southern British Columbia.

no comments

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.