SPZR takes off, CGFIA deals, FPCG docks

Posted on: April 13th, 2011
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Spatializer Audio Laboratories Inc. (Pink Sheets: SPZR) had a successful Wednesday, gaining 210% in price to 3.1 cents. Volume for the stock was only 1,050 shares, far below its daily average of 3,665.

Colorado Goldfields Inc. (Pink Sheets: CGFIA) climbed 16.7% in Wednesday’s trading to seven-100ths of a cent. Volume was 57.2 million shares, compared to an average of 50.3 million.

First Physicians Capital Group Inc. (OTCBB: FPCG) suffered a 70% loss in price Wednesday to 2.1 cents, on volume of 650 shares. It normally deals in 799 a day. FPCG is an operator of healthcare services firms in the U.S.

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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.