SPNI in space, LFBG moves ahead, GBEN reverses

Posted on: April 4th, 2011
Written by:

Sputnik Enterprises Inc. (Pink Sheets: SPNI) took off for the stars early Monday afternoon, vaulting 1,171.8% to $51.00. Volume was a light 1,100 shares, its daily three-month average not available at press time.

Left Behind Games Inc. (Pink Sheets: LFBG) traded in 28.2 million shares, compared to a daily average of 34.8 million shares. Those shares, however, went more cheaply than Friday, down 18.2% to nine-100ths of a cent, only weeks after announcing a new strategy for promoting its Christian-based video games.

Global Resource Energy Inc. (Pink Sheets: GBEN) took a thumping early Monday afternoon, falling in price 51% to five cents, on volume of 4.71 million shares, overwhelming a daily average of 250,000. The Las Vegas-based GBEN announced today that it will initiate an Investor Relations program. This program will include a series of meetings with financial industry representatives in New York, Toronto, Vancouver and Calgary.

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.