The penny stock of Strategic Global Investments, Inc. (OTC: STBV), although it’s trading roughly-60% off its YTD high, is seeing some decent activity this week. Focused on breaking into the on demand programming or advertising market. STBV stock is seeing the same stimulation a lot of pinksheets listed companies have used for attention: Marijuana. Their announcement today to build a comprehensive, multi-channel media network for the marijuana industry trumps their “Affordable Care Act” videos news of yesterday and is producing the goods for today.
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STBV Stock Quote at 11:48:18 AM
Market Cap: 4.85M
Last: 0.06 ▲ +0.01 (+20.00%)
Dollar Volume: $36,928
Issued and Outstanding: 83,197,680
1st Resistance Point: 0.0773
1st Support Level: 0.0265
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While trading was relatively quiet to start the year on STBV stock, it did have a little run heading into Valentine’s Day when the share price traded as high as 0.198 on volume of nearly 700,000. The float is claimed to be only 1,804,526 which is a 2nd reason the think trading it might be attractive.
Over the course of the last 2 years plus, the Company has made a series of acquisitions and share sales valued at between $0.02 and $0.0584, again making the current level STBV stock is at attractive in regards to a base level being set. While they admit that they only have 3 customers on their Media Site, the largest of which was the Job Channel Network, losing them could be an insignificant loss if the a deal with GrowLife, Inc. (PHOT) to make videos actually comes off.
Marijuana is going to be legal nationwide within our lifetime and the time will come when digital advertising and media capitalizes on the multi-billion dollar industry. When that happens, STBV won’t be around any more and the government will have found a way to monopolize on those revenues in some way, but for now, any weed news is good news for any penny stock that isn’t Latteno Food Corp. (LATF).
About STBV Stock
Strategic Global Investments is a company engaged in providing its customers with various venues to reach their target audience with on demand programming or advertising through Wazillo.com and WazilloMedia.com.
Last 5 Trading Sessions:
Bottom Line: STBV is trending in the range where a quick in and out could produce gains on days like today when news is issued pre-market. Having STBV stock on your list of possible penny stocks to day trade on PR issuances would not be a bad move on any traders part looking for some action when positions are locked in already on long runners.
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