Penny Stocks Showing High Volatility – YIPI, AGRT, NNVC
NEW YORK, June 18, 2012 (MESHPRESS) – There are various penny stocks which are showing high volatility as penny stock traders continued to trade those stocks based on rumors and corporate developments. Following are the top three volatile picks for the day.
Yippy Inc(PINK:YIPI) is among the top losers in today’s session with the stock eroding half of market cap on hefty volume. The stock had very volatile move in the past week with the stock hitting a new 52-week high of $2.34 on Tuesday. To be more specific, the stock almost doubled in Monday’s and Tuesday’s session last week. However, those rallies were short lived and the stock quickly pulled back to end the week at stock price which was the starting point for the week. Last week the company entered into an agreement to merge with MuseGlobal, provider of content integration and data virtualization services. The combined companies will create an information cloud that will represent a shift in the business of enterprise, vertical and consumer search with unlimited consumer and commercial uses.
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AGR Tools Inc.(PINK:AGRT) is another volatile as the stock is rebounding about 22% to $0.195 after a fall of over 705 in the past week. Today’s volume is quite impressive with more than 2.61 million shares already traded hands, compared to its average volume of 1.96 million shares. Recently, the company announced that the appointment of Mr. Scott Allen to the position of Chief Financial Officer. Late May, it announced the signing of a binding financing agreement with Qeteras Ltd, an UK based Institutional Investor. Under the terms of the agreement Qeteras will lend up to USD20 million to AGR Energy for up to 30 years bearing a 10% interest rate per annum.
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NanoViricides Inc(OTC:NNVC) continued to trade lower on Monday with the stock down 4.60% to $0.57 with more than 245K shares traded hands. Over the past one month, the stock has been trading sideline and recently made a new 52-week low of $0.52. In early May, the stock had run up over 40% in few sessions, but later on pulled back. The company recently announced that a fundamental patent, on which the nanoviricides® technology is based was issued in the USA on May 8, 2012. The issuance notification was received from the US Patents and Trademarks Office last week.
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