North Springs Resources Corp. (OTC: NSRS) was undoubtedly the hottest penny stock traded for the week ended February 10. When the mining exploration company closed on a high Monday at $1.48 only to open higher Tuesday at $1.72 on news of sample surveys from its Imperial and Goldstar properties. Tuesday’s close at $1.64 had investors excited on the possibilities of the stock reaching $2.00 by week’s end.
The short lived gains of the week in NSRS were decimated Wednesday when the stock plunged to $0.761 before within the first 45 minutes of trading to end the day at $0.97. The same pattern continued Thursday and Friday with weaker opens until a surge of trading on mid-day Friday sent the highly volatile stock trading higher from its $0.362 low of the day to close up 32.67%.
NSRS lost -47.62% for the week, -61.05% from its Tuesday High.
NSRS is still up 857% since our initial alert to subscribers at $0.07 December 23, 2011.Share