Since transferring exchanges in May, Yippy Inc. (OTCQX: YIPI) stock just will not slow down after leaving the Pinksheets. Since May 4 when YIPI stock began trading on the OTCQX, the shares have gone from $0.50 to as high as $2.22 today, a gain of 344%. YIPI stock price is currently down from the HOD at $2.12. up 15.59% on the trading session with volume of 284,483 shares traded.
As we expected, YIPI PPS performance has been one of the best penny stock picks we made for the month of May.
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YIPI Stock Chart: YTD
Market Cap (intraday): 112.87M
Price/Sales (ttm): 1,281.16
Price/Book (mrq): 31.53
(Jun 12, 2012): 2.22
(Mar 23, 2012): 0.15
50-Day Moving Avg: 0.73
200-Day Moving Avg: 0.46
Avg Vol (3 month): 80,463
Avg Vol (10 day): 190,767
Shares Outstanding: 53.24M
Yesterday, Yippy announced that they had entered into an agreement to merge with MuseGlobal, a leading provider of content integration and data virtualization services. The merger is expected to combine two wholly synergistic companies which each brings together an exclusive and vast range of resources and abilities not offered by any other search or information-based company on the planet including majors such as Google Inc (Nasdaq: GOOG), Microsoft Inc. (Nasdaq: MSFT) and HP/Autonomy.
The merged companies is expected to create an information cloud that will represent a significant shift in the business of enterprise, vertical and consumer search with unlimited consumer and commercial uses.
About YIPI Stock
Yippy, Inc. is a technology company that specializes in the development of search, data normalization, and aggregation through application service environments for consumer and enterprise markets. The Company’s proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and maintained Data as a Service for businesses and education markets. Yippy also operates several online web properties and educational reference portals.
Bottom Line: YIPI stock has been one of the best performing penny stocks since the beginning of May and looks as if it is going to continue the momentum throughout June. Amazing for a company that, according to their recent financial filings, was at least 7 years away from breaking even in terms of net income.
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