Monday morning’s trading sessions will begin a journey to a place where these two penny stocks have no business embarking on: Blue Sky Territory. Both Grizzly Gold Corp. (GRZG) and LifeApps Digital Media Inc. (LFAP) both hit new 52 week highs on Friday, neither of which we would hold a candle to. The trading volume Friday on GRZG stock was double that of its 5 day average (376,020) while LFAP stock volume was about -20% less than the its 5 day average (285,130) yet still managed to put up gains of over 30%.
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GRZG Stock Chart
Market Cap: 82.87M
Close: 1.73, up 0.06 (3.59%)
Volume: 713,034
Dollar Volume: $1,224,159
High: 1.75
Low: 1.67
Trades: 351
Average Trade Size: 2,031
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The Basari family will be celebrating this weekend after the PR, fluffing the completion of Grizzly Gold’s first phase of drilling on their LB Vixen property, helped to push GRZG stock to a new 52 week high on Friday. In at just fractions of a penny, the statements from CEO and President Paul Stobel is pushing the limits where by the GRZG insiders may be banking bigger profits than Scott Beaudette and the insiders of Sunpeaks Ventures (SNPK) did.
Strobel voiced confidence to investors when he stated “We have completed drilling on four target holes.” He later continued stating “Findings from these drill holes have been collected and submitted for analysis.”
Although we wouldn’t invest our worst enemy’s money in it, it’s up $0.53, 44.17% since it began trading in October. (Dirt, uhm…..Dirt…Dirt….Rock…a Shoe….Dirt)
About GRZG Stock
Grizzly Gold Corp. is a U.S. based exploration company focusing on advancing development on its gold projects in the Nevada area.
LFAP Stock Chart
Market Cap: 54.00M
Close: 0.45, up 0.105 (30.43%)
Volume: 229,200
Dollar Volume: $93,117
High: 0.45
Low: 0.335
Trades: 74
Average Trade Size: 3,097
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LifeApps Digital Media did nothing this week except announce that they engaged a new accountant, Eide Bailly LLP, to take the place of their former one, Li & Company, P.C. Although there were apparently no disagreements between the Company and the former accountant, LFAP stock was doing front summersaults as it closed at its new 52 week high on Friday. With the same groups involved who were able to push Pazzo Inc. (PZOO) like a boulder through wet concrete, the activity on LFAP is 10X better than the last hunk of rock.
About LFAP Stock
LifeApps Digital Media Inc., a development stage company, operates as a digital publisher and delivers a cross-platform suite of products and services that are focused on enthusiast health, fitness, and sports topics.
Bottom Line: Neither one of these two penny stocks would be remotely anywhere near our watch list for next week regardless of their “blue sky territories.” GRZG is an obvious PPC/hard mail campaign ongoing with a brand new direction as of three months ago, while LFAP is structured to make a fraction of a fraction of every $1 spent on the gymnastic focused downloadable app.
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