Zynga Digests Online Gambling Approval - Red Giant Entertainment Up 33% In Trading - Micro Cap Stocks List Ahead Of The Bell: Zynga Inc, Swingplane Ventures, AMR Corp, Green Innovations
LONDON, March 1, 2013 /PRNewswire/ --
Red Giant Entertainment had a positive day trading on the OTC market with shares trading over $9 million in volume and also higher by 33% on the day. The company launched a new intellectual property showcase and shares received much attention with heavy volume coming in right on the open and consistent trading through the day. We will be staying right with this name as it's sure to remain in play these next couple of weeks.
Zynga (NASDAQ: ZNGA) was one of the heaviest traded share volume movers on the NASDAQ once again as the company digests the recent approval by New Jersey in online gambling. ZNGA was lower by 4% on a massive 31 million shares traded. New Jersey gave the nod to online gamboling yesterday in a move that is sure to be a positive for the stock going forward even though it hasn't been the main focus for the company they may be looking to change their business plan and goals going forward.
Swingplane Ventures remained one of the top volume leaders in the small cap arena trading over $16 million in trading volume. Shares in the stock did pull back around 46% after falling in the previous session by 25%. This is the third big slide we have seen in shares of Swingplane Ventures over the last week it remains to be seen if the downside on heavy volume continues.
Enova Systems was a new name on the small cap stock focus list with the stock climbing an eye watering 584% on the trading day. Trading upside for the stock started in the morning and continued to trade higher through the day; volume was on the average side but still had $3.7 million in stock that exchanged hands.
Green Innovations was back in play in the markets to close yesterday with shares rising another 20% to close the day on heavy volume. The company had been a high flyer a few weeks ago trading ten times what it did in volume today. That's two days running Green Innovations has traded to the upside on the comeback trail.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter and small cap stocks.
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