AMR Corp Jumps 83% on Deal with US Airways - Small Cap Focus: AMR Corp, Green Innovations, Swingplane Ventures, Mediswipe, Echo Automotive
LONDON, February 15, 2013 /PRNewswire/ --
Shares in AMR Corp closed higher by 83% in trading on Wall Street Thursday as investors celebrated rare value from a chapter 11 bankruptcy proceeding. We have been following and updating you on shares of AAMRQ for over 2 months now as the stock has risen around 400% in value from the lows. The stock was the heaviest traded name on the OTCQB yesterday, trading over $273 million in a huge day for the company making the largest airline in the world.
Green Innovations had another positive day trading with shares closing higher by 17% on almost $10 million in volume traded. The volume has increased over the last week in this stock pushing the price up to $2.25 per share, which is substantially higher than when we first came across this stock trading increased volume. At that point in time the stock was trading at 0.50 cents.
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Shares in Swingplane Ventures were trading higher in the early part of Thursday's session but did close lower on the trading day for the first time in over a week. We say down day, the shares were actually only lower by 1% on fairly heavy volume for the stock. We will see if shares of Swingplane can get back to winning ways today in the markets, or was this a break in the trend line.
Mediswipe just about managed to finish in positive territory after trading much higher in the morning session on Wall Street Thursday. Shares in Mediswipe were higher by 2% on 2.7 million traded as the volume dropped off slightly from where it was earlier in the week.
Shares in Echo Automotive which has been a high flying stock over the last few weeks traded down to the $1.00 mark in yesterday's trading. The stock traded just over $2 million in volume which is substantially lower than the $35 million + days we have seen over the last couple of weeks.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
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