Two days into the campaign and the penny stock of USA Graphite Inc. (USGT) is beginning to rally following yesterday’s news of a second property in Nevada. With reports of visible flake graphite on the new property, trading activity increased on Thursday sending USGT stock to a new high and into the top 10 penny stocks traded list. While the real intraday rallies came on the penny stocks of Pub Crawl Holdings (PBCW) and LiveWire Ergogenics (LVVV), the “caveat emptor” designation issuance after the close of trade could force a “fiscal cliff” for USA come Friday and open the door for The Psychic Friends Network (PFNI) to come join the top 10 list..
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Top 10 Penny Stocks Traded Thursday December 6
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Who would have expected to see two graphite miners in the top 10 penny stocks traded list when the mineral has not been actively mined in the U.S. for over a decade. The top traded stock of the day on the OTC, National Graphite Corp. (NGRC) had another “bi-polar” trading session. Up as much as 0.149, 20.96%, NGRC stock again got hammered towards the close ending the session just 5.17% above the session low.
Calls are out there for USGT stock to trade as high as $2.00 in the near term. The bullish reaction to the LOI signed to acquire the Gordon Creek Graphite Property, a deal which would cost $1.2 million in cash and stock and a $500,000 work program commitment, seems to indicate that the ceiling hasn’t yet been reached. Looking back at previous “spam” style promotions, IDOI and BRND, the life support of the USGT campaign could have peaked or be near it at least.
About USGT Stock
USA Graphite Inc. hopes to one day become a domestic graphite supplier.
Last 5 Trading Sessions:
Bottom Line: While graphite focused penny stocks are getting the attention heading into the end of the week, the tried and true pump and dumpers, Awesome Penny Stocks, The Bull Exchange, and the NKOTB, Victory Mark, are likely to be the runners from here on out with their SVEN, PBCW and LVVV promotions. Look for exit points if your’e in USGT stock during the Friday session.
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