Traders who make money on penny stocks know when they see the name Carrillo Huettel LLP associated with a penny stock, 9 times out of 10 it means buy. That’s exactly what’s been happening the last two days as buyers of Graphite Corp. (GRPH) are loading up hoping this is one of the Awesome Penny Stocks. For some, the price is a bargain, while for the owners of the 10 million shares of GRPH stock sold via Private Placement between January and April are selling for as much as 1,670% gains already.
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GRPH Stock Chart
Market Cap: 19.67M
Close: 0.83, up 0.07 (9.21%)
Dollar Volume: $1,647,895
Average Trade Size: 9,468
Issued and Outstanding: 23,700,000
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Graphite Corp. is looking to domestically explore for the mineral they name themselves after. With limited funds and a ton of authorized shares, the Company, as of April 16, 2012, closed on the following sales of GRPH stock in their private offering: (see here) 10 million shares at $0.05 for an aggregate total of $500,000.
Last week, Graphite Corp. stated that its company information will be made available via S&P Capital IQ’s Market Access Program which includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Basically, they are ready to trade so come and get you some. What you’re getting is a start up Corp. which may, could, might be the next big penny stock promotion that doesn’t get promoted.
About GRPH Stock
Graphite Corp. , an exploration stage company, intends to engage in the exploration of certain mineral interests in the state of Arizona. With the assistance of Awesome Penny Stocks favorite Legal Counsel, Carrillo Huettel LLP, the Company, on June 14, 2012, filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of Nevada to change the Company’s name from First Resources Corp. to Graphite Corp.
Click here to view the SEC filings for GRPH.
Bottom Line: Get GRPH on your list of penny stocks to watch immeidately. Smart money traders like QuickK and NiceT are already all over this which they wouldn’t be if GRPH stock wasn’t worth watching. With $1.65 million traded yesterday, 10% of the O/S, it’s pretty clear that this needs to be on your watchlist.
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