PTEO flies, OPTZ trucks along, CGCO stumbles

Posted on: April 13th, 2011
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Proteo Incorporation (Pink Sheets: PTEO) zoomed to the top of the leaderboard among microcap gainers Wednesday, tacking on 357.1% in price to 96 cents, albeit on small volume of only 1,000 shares (still 20 times its daily volume). The company researches, develops and markets compounds for biological and medical research as well as for use as pharmaceuticals.

Optimized Transportation Management Inc. (Pink Sheets: OPTZ) dealt in 45.6 million shares Wednesday, or triple its daily average, selling at six-100ths of a cent or 50% higher than Tuesday.

Commerce Group Corp. (Pink Sheets: CGCO) withered 55% in price to nine-10ths of a cent Wednesday, on volume of 161,000 shares, more than six times its daily average.

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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.