SwingPlane Ventures Closes at New High as Green Innovations Pulls Back in Heavy OTC Trading - Microcap Stocks Review: AMR Corp, Swing plane Ventures, Green Innovations, Facebook, Medical Marijuana, Inc.
LONDON, February 20, 2013 /PRNewswire/ --
Shares in Swingplane Ventures managed to trade to yet another new all-time high for the company in the close of trading on Tuesday. In a heavily traded day for the stock SWVI traded higher by a further 20% on over $20 million in volume to close at a new high of 0.82 cents per share. All eyes are on the $1.00 mark as SWVI looks to trade to that point. The shares have been on a consistent run higher for a number of weeks now with new highs being set on increased volume.
Green Innovations finally had a pullback in trading after rising all the way to almost $3.00 per share on Wall Street this week. Green Innovations was down on heavy volume today by 43% on the OTC markets with the stock seeing over $20 million exchange hands. We will keep tracking shares of GNIN to see if they can bounce back from these levels as the stock is still higher overall by substantial margins.
Shares in AMR Corp closed by a further 10% in Tuesdays trading following an 100% rise the previous days before in trading on Wall Street as investors celebrated rare value from a chapter 11 bankruptcy proceeding. We have been following and updating you on shares of AAMRQ for over two months now as the stock has risen around 400% in value from the lows. The stock was the heaviest traded name on the OTCQB last week, trading almost half a billion dollars in a huge week for the company making the largest airline in the world. Shares in AMR Corp traded over $100 million today.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AMR Corp even a company in bankruptcy has ended up becoming a positive winner for many traders.
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Medical Marijuana managed to steady the ship in trading of its shares pulling back 5% on the trading day. Medical Marijuana continued to trade heavy volume but in the wrong direction with once again the stock trading almost $10 million on the day.
Facebook, Inc. (NASDAQ: FB) was another name in the social media world that traded heavy volume on the street to close yesterday. Coming off the back of earnings season there have been high expectations for shares of Facebook recently and the stock has climbed back to almost $30.00 per share. While it's been advised for a while to stay away form shares of Facebook due to so many sellers, there are a lot more investors taking a look at the stock in the current range.
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.
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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