Penny Stocks To Watch: Shares of Water Technologies International, Inc. (OTC PINK: WTII.PK), designers, manufacturers and distributors of atmospheric water generators, saw a huge rally in their stock on Monday.
At the end of the day, the penny stock of WTII closed 29.87% higher at $0.10 with volume up from daily average of 303,522 to 9,784,350.
The last trade of the day on pink sheet penny stock WTII was for 61,762 shares.
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All in all, 1,757,915 were traded in up volume, 4,363,484 in neutral volume, and 3,662,951 in negative volume. The average trade size on the penny stock that has gained 58.31% since the open on Thursday last week was 13,348 shares..
WTII shares soared on the heels of a company announcement that it had granted distribution rights for its GR8 Water atmospheric water generator product line to N&M Technologies. N&M had been working with WTII in South Africa for distribution into both retail and commercial markets.
WTII CEO, William Scott Tudor, said that N&M had been working hard over the past year with governments in more than half a dozen countries and countless municipalities to educate leaders about the benefits of the company’s atmospheric water generators.