GOFF Corporation Shares down for Second Day Straight - Top Five Small Cap Stocks ahead off The Bell: Lyon Williams, Transbyte Corp, Petrosonic Energy, Fannie Mae
LONDON, April 11, 2013 /PRNewswire/ --
Shares in Goff Corporation pulled back for a second day running ahead of the open on Wall Street today, investors are looking for the stock to recover from its recent slide of around 50% from the recent highs. Goff Corporation was lower in yesterday's trading by 24% on heavy volume; however shares do still remain higher than where this recent run started. Shares in Goff Corporation have now moved from 0.12 cents to the current price of $0.27 just since the middle of March giving out potential gains of over 200% in the trade. GOFF Corp was the one of the heaviest traded stocks in the OTC market on Wednesday.
Transbyte Corp was a new name trading on the Pink Sheets that traded heavy volume to close yesterday on good price performance and positive news for the stock. Shares in Transbyte Corporation moved to the upside by 29% on over $3 million in volume in the markets yesterday.
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Recently we have seen bankrupt companies like AMR Corp, Eastman Kodak, Fannie Mae, and Freddie Mac deliver profits from distressed levels that have been substantial for our readers, it just goes to show you 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 our free service.
Petrosonic Energy was a new name on the volume focus list after we saw shares in the company move lower by over 25% after a big rise the previous day's trading. The volume was also substantial in the stock with $4.9 million exchanging hands. It remains to be seen if the price of the stock can recover to move higher in today's trading session on Wall Street.
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 lower by 6% on the day with a heavily traded $31 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.
Lyon Williams was the final company on our focus list today after we saw a big spike in the trading volume on Wall Street in yesterday's trading. Lyon Williams was higher by 16% on $8.7 million in trading volume meaning we will see follow through on that volume, therefore we will stay with shares in the company to see if they can move higher in trading today.
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.
Disclosure: Clubpennystocks is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Clubpennystocks is a wholly owned entity of a financial public relations firm. We have not been compensated by any of the companies listed in this news release.
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SOURCE Clubpennystocks.com
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