GT Advanced Technologies (GTATQ) Sparks The OTC

OTC listed penny stocks finally got the spark they were so desperately needing thanks much in part to GT Advanced Technologies, Inc. (GTATQ) leading the market as the most actively traded ticker on the exchange. After crumbling from above $10 in the first week of October on bankruptcy filing, shares of GTATQ stock saw an enormous amount of interest after word got out they were due, within hours, to strike a deal with Apple, Inc. (AAPL) who funded a $578 million expansion deal despite not using their technology in their latest issued iPhone. Whether the maker of synthetic sapphire used to strengthen smartphone screens becomes another Liquidmetal Technologies Inc. (LQMT) or not, a bunch of OTC tickers rode the green wave for one of the best sessions seen this month.

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GTATQ Stock Quote

Even though news reports that GT Advanced Technologoes and Apple were due to strike a deal about the $440 million already received for technology that the new iPhone 6 didn’t even use, GTATQ had already gapped at the open, up 0.0465 from Monday’s close, and ran for the first 30 minutes of trading before pulling back to around 0.70. When the news hit the wires just prior to lunchtime on Tuesday, GTATQ shares peaked at 0.85 before ending the session up 66.55%, leading all OTC listed stocks in trades, after almost 49 million shares had traded.

Not far behind, Medical Marijuana, Inc. (MJNA), the granddaddy of the marijuana stocks, made a tremendous comeback to the top 10 penny stocks traded without any news or OTC filings. As soon as the opening bell rang, MJNA stock took off running, going from 0.14 to 0.1552, holding on to their gains through the closing bell, for what hopefully is a rejuvenation to the marijuana tickers.

HyperSolar, Inc. (HYSR), although it didn’t quite make it into the top 10 penny stocks traded, was another one which had a huge green trading session on the back of premarket news. Known to have run for solid double and triple-digit gains in the past, HYSR soared after the Company announced that it had “achieved a significant technological milestone in its pursuit of clean hydrogen fuel production, by eliminating an expensive hydrogen-oxygen separation process.”

Other OTC tickers we’ve covered which continued to close green included Falconridge Oil Technologies Corp. (FROT), IFAN Financial, Inc. (IFAN), Virtus Oil and Gas Corp. (VOIL), Solar Power, Inc. (SOPW) and InVivo Therapeutics Holdings Corp. (NVIV). All of these should be on every traders watch list as the opening bell approaches today.

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About GTATQ Stock

GT Advanced Technologies, Inc. is a diversified technology company with innovative crystal growth equipment and solutions for the global solar, LED and electronics industries.

Click here to view the SEC filings for GTATQ.
Click here to view the website for GT Advanced Technologies.

Authorized: 500,000,000
Issued and Outstanding: 137,539,773

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
10/21/14 0.5645 0.8500 0.4650 0.6054 +0.2433 +67.19% 46,932,500
10/20/14 0.3940 0.3950 0.3420 0.3621 -0.0289 -7.39% 7,277,200
10/17/14 0.3359 0.4300 0.3350 0.3910 +0.0265 +7.27% 10,035,900
10/16/14 0.5190 0.5270 0.3050 0.3645 -0.0755 -17.16% 25,789,900
10/15/14 0.5100 0.5900 0.4200 0.4400 +0.0300 +7.32% 52,276,398

 

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