The best pump Awesome Penny Stocks ever had is making a remarkable comeback after dropping from it’s 2.40 high in April, 2012 to as low as 0.003 just one week ago. Known to many a trader once as Sunpeaks Ventures Inc. (SNPK), shares of Pharmagen, Inc. (PHRX) were ignited this week with today being the biggest bull rush on the Clotamin distributor since the start of the year. An announcement of an Food and Drug Administration registration making the multi-million dollar company closer to cGMP compliance sent PHRX stock into a frenzy today putting Mackie Barch back on the map.
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PHRX Stock Quote
Market Cap: 4.97M
Last: 0.0129 ▲ +0.0084 (+186.67%)
Dollar Volume: $107,746
Issued and Outstanding: 384,884,686
14-Day Rel Strength: 65.33%
1st Resistance Point: 0.0176
1st Support Level: 0.0065
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When the pump of SNPK stock was in full swing during the spring of 2012, who would have thunk it that Mackie Barch had a real thing going with his ties to APS and the Carrillo Huettel LLP law firm on other pump and dump ed OTC tickers. Pharmagen’s revenues for the 3 and 6 months ended June 30, 2013 were $974,994 and $2,696,325, respectively, versus $987,356 and $1,465,531 for the same periods in 2012, all f which stemmed from the wholesale distribution of hard-to-find drugs and sales from their pharmaceutical product Clotamin.
Pharmagen has moved on APS by changing their name from Sunpeaks Ventures, ticker from SNPK to PHRX, and went with a more familiar face in Tobin Smith and his NBT Equities. Regardless of which IR firm is pumping PHRX stock at any given time, the company is actually producing the goods in a way very similar to anther former pump and dump, Jammin Java Corp. (JAMN).
Seeing PHRX stock rake in the volume today, the highest trading session in over 16 months is not the first time an old APS ticker has come back to life for a quick breathe. Heading into the start of this week, the attention was all on World Moto, Inc. (FARE) as it shot up from the low .04’s to .08.
That said, it’s a shame that PHRX is still trying to recover from their SNPK landslide since sales are booming and the chances of seeing net income in the next 3-5 years is highly probable. It’s not yet the time for a PHRX stock recovery to the .30’s or .40’s, but today clearly showed that it’s not a forgotten ticker and has reasons to be monitored.
About PHRX Stock
Pharmagen, Inc., fka Sunpeaks Ventures, Inc. (SNPK), is a value-added distributor of hard-to-find and specialty drugs to the healthcare provider market, specializing in the over-the-counter multivitamin product called Clotamin.
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