Ending a four day slide, shares of Medical Marijuana, Inc. (OTC:MJNA) began December on a positive note leading the pink sheet listed penny stocks in trades. Although the penny stock has dropped nearly -50.00% since the election day high, MJNA stock is still one of the most actively traded pinksheets out there and liquidity is still flowing heavy. Since the cannabis products focused Company is still up 400% since the start of the year, in comparison to the other actively traded pink sheets, there isn’t much of a chance that the love for the marijuana stock will be falling off any “fiscal cliff” come 2013.
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Top 10 Traded Pinksheets Listed Penny Stocks
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Among the most active, two penny stocks stick out which have been extremely bullish for the past few trading sessions: Micron Enviro Systems Inc. (MSVS) and iEntertainment Network Inc. (IENT).
Nearly two weeks ago, Britannia Mining Plc, a UK based mining development company, reconfirmed for its international shareholder base that the Company has executed an Agreement and Plan of Merger with Micron Enviro Systems. Over the course of the last two weeks, MSVS stock has risen as much as 642% despite having nearly 1.8 billion shares outstanding. The momentum has all been built around gaining mining concessions in Malawi and extracting thir abundant Iron Ore resources. Could this be another TFER?
iEntertainment Network Inc. is merging with Great Outdoors, LLC and plans to develop a series of new online outdoor games. Since Friday, IENT stock has risen as much as 661% on the expectation that Great Outdoors’ well-known game executive Danny Hammett, who is credited with producing outdoor games such as Rapala Fishing, will come to iEntertainment as its president. The biggest issue anyone should have with this is that the best info you’re gonna find other than a couple of press releases is financial data from almost 10 years ago. Hell, 10 years ago I was in good shape and single!
Bottom Line: Plan your trades and trade your plans — penny stock trading is simple if you know what to expect.
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