Green Innovations Making Another Run Towards Previous Highs - Small Cap Stock Focus Ahead Of The Bell: GOFF Corporation, AMR Corp, Fannie Mae, Petrosonic Energy
LONDON, April 9, 2013 /PRNewswire/ --
Goff Corporation stalled slightly in what's been an amazing run higher in the markets over the last few weeks with the stock down just 2% to close trading yesterday. Goff Corporation closed Friday's trading session at a fresh new high of $0.59 which was followed up on Monday with a new intra-day high of $0.62. Shares in Goff Corporation have now moved from 0.12 cents to the current price of $0.59 just since the middle of March giving out potential gains of over 500% in the trade. GOFF Corp was the heaviest traded stock in the OTC market on Monday.
Green Innovations had a strong day trading yesterday with shares rising 15% on very heavy volume. This run in the stock is similar to a few weeks ago when we featured shares, and saw them move from around $0.60 to the $3.00 level. In fact this is the third multi-day run higher in the stock we have seen in the last 2 quarters. Investors are sure to be anticipating what will happen with the stock this week after seeing Green innovations trade up in multi week trading at least twice recently. We will keep you up to date with what's going on at the company this week.
Shares of Fannie Mae's amazing run to the upside from very low levels seemed to come to an end last week after the stock failed to get through the key $1.00 mark to close trading. The stock closed higher by 3% on the day with a heavily traded $15 million; however this was much lower than we have seen over the last week. Considering the volume has continued to trickle down we believe the same will be true of the share price which should be lower again through this week or flat at best in our opinion. Remember we first started covering Fannie Mae at 0.30 cents before it went to $1.50, on the second time around we have been covering since 0.50 cents and has moved almost 100% in a week.
AMR Corp is another example of a stock people had given up hope on and we have been covering for 3 months now. During that time shares of AMR Corp have risen as much as 700% from top to bottom and it just goes to show you that recently with names like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac that there are plenty of profits to made by trading the OTC market if you are a prudent investor, or you're a member of http://www.clubpennystock.com. Shares of AMR Corp moved higher by 2.6% to close around the $3.50 level, which is the first time in a couple of weeks the stock has closed this low. The volume did pick up to close the week which is not a great sign as the stock traded lower, normally you would like to see the opposite in a stock that was moving higher, it does seem to be stuck in a range with the speculation taken out of the trade.
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Petrosonic Energy was a new name on the volume focus list after we saw shares in the company move higher by almost 10% to close trading on Monday. The volume was also substantial in the stock with $3.8 million exchanging hands. It remains to be seen if the price of the stock can continue to move higher in today's trading session on Wall Street.
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 small cap 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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