Only 8 of the top 20 most actively traded OTC penny stocks finished in positive territory on Monday. The biggest percentage gainer and 2nd on the most traded list was Brownie’s Marine Group, Inc. (OTC: BWMG) which gained 196.15% to close at $0.0385 on volume of almost 21 million shares. On a side note to the leading developer, manufacturer and distributor of highly specialized dive and safety products, Robert Carmichael was issued an aggregate of 6,944,444 shares of BWMG restricted common stock in satisfaction of $83,333.33 bonus payable.
Brownie’s no doubt beat the pack today, but watch out for Rarus Technologies Inc. (OTC: RARS) tomorrow after they formally announced on Zngle.com right after the market closed.
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Top 8 Most Actively Traded OTC Penny Stocks Ending Positive
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Rarus announced today Apple Inc. (Nasdaq: AAPL) approved the Zngle.com mobile app which is now available in the Apple iTunes Store for download.
Furthermore, Rarus gave some insight to the app market stating that an industry study conducted on the evolution and emerging trends in the smart phone application market found that the app market will increase by 7X in the next 3 years. According to mobithinking.com, 7 billion apps were downloaded worldwide in 2009, and it is expected that 50 billion apps will be downloaded in 2012, which represents a year-over-year growth rate of 92%.
With that many cooks in the kitchen, the broth is going to get spoiled real fast. How can a company compete in a market so cluttered. 50 billion downloaded apps is roughly 7 downloaded apps for every human being on the planet. Hard to make sure that your app is on of those 7.
About RARS stock
Rarus Technologies Inc. was incorporated in 2010 and is an emerging technology company focused on establishing an innovative business model intended to bridge cutting-edge social media and e-commerce into a marketplace that connects friends, family, consumers, and vendors in new and exciting ways.
In May, 2012, Rarus Technologies Inc. incorporated Zngle, Inc. as the primary subsidiary and operations base for the Zngle.com licensed internet platform. Zngle.com is designed be a centralized Internet portal and next-generation social media website that incorporates voice/text messaging, video email, and mobile technologies to allow consumers to access real-time information about various products and services through augmented proximity reality search features.
Bottom Line: These were the winners out of the top 20 most actively traded OTC listed penny stocks on Monday. That said, all deserve to be on the list of penny stocks to watch for the duration of the week, especially RARS, IDNG, OREO and ADXS for possible breakouts.
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