Looking to buy penny stocks? Not until pigs fly you say? Well, shares in the penny stock of Virtual Piggy Inc. (OTCBB: VPIG) are having nearly doubled in the last 7 weeks. VPIG traded as high as $1 before closing at 97 cents in the last trading session on volume of 127,445. Virtual Piggy delivers internet solutions for the interaction of children under the age of 18, with a focus on security and parental control.
Virtual Piggy reported on Thursday that they raised $3,245,650 via the sale of unregistered securities. It should be of little analysis concern considering that 8 of the 27 purchasers are insiders, one of which, Kirk Bradley, purchased 178,572 shares of VPIG penny stock in February at 35 cents a share. (see here)
Looking to Buy Penny Stocks? Subscribe and get alerts on our next penny stock picks FREE.
VPIG Stock Chart:
VPIG Stock Analysis:
Market Cap: 72.49M
52-Week High
(Apr 27, 2012): 1.00
52-Week Low
(Nov 28, 2011): 0.41
Avg Vol (3 month): 76,879
Avg Vol (10 day): 154,000
Shares Outstanding: 74.74M
Float: 52.84M
5 Day History:
Percent Change: 14.12%
Moving Average: 0.928
Average Volume: 176,895
RSI, PPS and MACD are all strengthening and extremely bullish.
About Virtual Piggy Inc (OTCBB: VPIG)
The first e-commerce solution that enables kids to manage and spend money within a parent-controlled environment, VPIG delivers online security platforms designed for the “Under 18” age group and also enables online businesses the ability to function in a manner consistent with the Children’s Online Privacy Protection Act (“COPPA”) and similar international children’s privacy laws. Virtual Piggy enables the “Under 18” audience to play, transact and socialize in a secure online environment guided by parental permission, oversight and control.
To view the SEC filings for VPIG, click here.
Bottom Line: The pig is flying, no doubt. VPIG should be on the list of penny stocks to watch. They recorded their first revenues in Q4, 2011, the Accumulated deficit is manageable (less than $8 million as of the end of 2011), and the sector in which they function is growing.
VPIG traded as high as $1.02 towards the end of 2010 and should easily surpass that and begin entering into new all-time high territory as the week and year progress. The upcoming 10-Q will be of major interest for shareholders. If VPIG reports revenues anywhere close to $1M, the penny stock should skyrocket.
Click To Follow Us: 
ShareAPR
