FXPT leaps, CBAI busy, PTS in the pits

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

Fox Petroleum Inc. (Pink Sheets: FXPT) shot out of the blocks 185.7% higher in price to two cents. Volume for the stock was one million shares, dwarfing an all-day average of 306,739, after signing a letter of intent to with Camelot Oil Energy S.A. to develop and finance oil projects located in Latin America.

Cord Blood America Inc. (OTCBB: CBAI) dealt in a whopping 22.1 million shares early Wednesday morning, about halfway to its all-day average. Share prices were flat, though, at 23-100ths of a cent. The Vegas-based CBAI is an umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally.

PTS Inc. (Pink Sheets: PTSH) took a stumble Wednesday morning, losing 50% of its price strength to one-100th of a cent, on volume of 30,350 shares. Regular daily volume is around 15.9 million.

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.