Nearly a year ago, Myriad Interactive Media, Inc. (OTC: MYRY) made headlines with their planned assault of their interactive technology into the Brazilian market. Today, issued as an opening bell alert by some reputable smaller awareness groups, MYRY stock sprinted out the gates for early gains of up to 94% from the open before a slight pull back, it looks like this could be the new base before moving forward later today. After announcing the launch of Mingle Suite, proprietary social media technology platform last night, chances are next week could continue to see some eager trading.
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MYRY Stock Quote
Market Cap: 1.57M
Last: 0.0275 ▲ 0.013 (89.66%)
Dollar Volume: $105,208
Issued and Outstanding: 56,978,470
14-Day Rel Strength: 68.08%
14-Day Stochastic: 86.96%
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Back when Awesome Penny Stocks was preparing to pump Sunpeaks Ventures (SNPK), now Pharmagen, Inc. (PHRX), Myriad Interactive Media had announced its plans to launch their social media marketing in Brazil. The effect was good enough to bank $33,803 in revenues for the six months ended December 31, 2012 compared to $4,762 for the same period the year prior.
In January, the Company stepped it up a notch by entering into a strategic investment with a Real Estate Company which was worth a 10% interest in this emerging web-based publisher, with an option to purchase an additional interest. The unnamed Company was said to be in the final stages of developing an online property that specializes in the auctioning of real estate services, earning subscription and ancillary revenues from real estate professionals.
Recently Myriad stepped it up a notch PR wise by getting their Mingle Suite, a unique social media technology designed to build extremely valuable search engine optimization for businesses of all sizes at a fraction of the cost, ready for launch. The news is better than a good sign for MYRY stock investors since additional updates on how businesses are enjoying how Mingle works by syncing all social media accounts and leveraging the traffic is having a positive effect on the cost effectiveness of making an impression in the marketplace.
While 0.17 is a far stretch from where MYRY stock was trading at a year ago, today’s base building exercise should be enough to keep the share price in the 2′s and an excellent penny stock to swing trade for next week.
About MYRY Stock
Myriad Interactive Media, Inc. is a development stage company focused to the development of daily deal aggregation platform and social media marketing business. We have formed an interactive marketing team consisting of industry experts in search engine marketing and social media marketing.
Last 5 Trading Sessions:
Bottom Line: MYRY is having a strong session and is worthy of being added to the list of penny stocks to watch for next week. Based on the fact that the issued and outstanding is only 60 million of which Derek Ivany, Leandro Dumlao, and Hercules Galang owned just over 9 million shares of MYRY stock and another roughly 23 million were owned by 5% Shareholders like Firebird Global Master Fund, Ltd, Arclight Capital, LLC and Spectra Capital Management, LLC, there is a small chance that .04 could show its face next week.
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