Penny Stock Force Energy Corp. (OTC: FORC), set-up perfectly for a bounce play, is at its 52-week low and day traders and swing traders alike all know this company can put together quite a bounce move. In April, 2011, FORC ran from $0.71 to $0.97 on an incredible amount of volume.
Data provided by Capital IQ
FORC traded as high as $0.033 in Friday’s trading session.
FORC closing price Friday, February 3rd was $0.030, up +20.00% (+0.005).
FORC traded volume of 493,703.
FORC is making the move to proceed with Phase 2 of the exploration of the Zoro I property and the stock price at its 52-week low. A historic reserve estimate for Li2O (Lithium Oxide) in the Zoro I property area has been calculated on limited drilling on a single dyke on the Zoro 1 property.
Drilling indicated reserves coupled with data from trenching have been calculated with a total undiluted tonnage given as 1,727,550 at 0.945% Li2O.
About Force Energy Corp. :
Force Energy Corporation (OTC: FORC) is a Lithium, Rare Earth and Hydrocarbon Exploration and Development Company based in Denver, Colorado. Force has two properties in which it focuses:
- Zoro I Lithium Property – Manitoba, Canada
- Hayter Well – Alberta, Canada
FORC maintains a 100% working interest in the Zoro 1 Lithium Property in the Snow Lake area of west-central Manitoba, Canada.
The Zoro 1 property is a 52 hectare (128 acre) tract of land located near the East Shore of Wekusko Lake in west-central Manitoba, Canada. There are seven zoned pegmatite dykes on the property. The main, most westerly dyke is 4.5 to 6 m high, 27 m wide and 183 m long.
FORC maintains a 50% working interest in County Line Energy Corp. interest in the Hayter Well (10D Hayter 10-8-40-1 W4M) located in Alberta, Canada.
The well was spudded in January 2007 and drilled to a total depth. The well logs revealed a gas zone of 4 to 5 meters of thickness in a shallow zone and a heavy oil pay zone of 2 meters of thickness in the target Dina Sand zone.
Although the results in the Dina Sand were lower than expected and a decision was made to case the well in 2007, should prices rise in the future, the Hayter could produce an economic well.
FORC is trading:
- $ 0.169 above its 20 day moving average,
- $ 0.0111 above its 10 day moving average and
- $ 0.0043 above its 5 day moving average.
FORC Six Month Chart:
FORC has a Market Cap of $3.63M with a 525,125 Avg Vol (10 day).
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
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- Have a System That fits You.
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- Positive Self- Belief.
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- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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