The share price of penny stock MusclePharm Corp. (OTC: MSLP) has had recent rally that truly reflects the company’s products. MSLP closed up at $0.0253 on volume of nearly 9 million shares as it attempts to return to its YTD high of $0.0375. This is considered to be one of the cheap penny stocks out there if you estimate that the upcoming 10-K and Q4 earnings could push MSLP past $20 million in revenues for 2011.
You can’t watch a UFC fight without seeing fighters, apparel and ring padding sponsored by MusclePharm. Focused on what they have a passion for, the company announced on Monday that Nutrition and Metabolism, a peer-reviewed journal, published a scientific paper showing positive results on the Phase 1 clinical trial of MSLP‘s pre-workout supplement, Assault. Anyone who works out with a determined fitness goal and not to just sign in to the gym log knows how important pre-workout supplements like this are.
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MSLP Stock Snap Shot:
Market Cap: 13.83M
(Apr 19, 2011): 0.08
(Mar 27, 2012): 0.01
Avg Vol (3 month): 14,278,500
Avg Vol (10 day): 9,214,730
Shares Outstanding: 546.68M
% Held by Insiders: 10.33%
MusclePharm is rapidly expanding . This healthy life-style company develops and distributes a full line of scientifically approved nutritional supplements that are 100% free of any banned substances.
Based on years of research, MSLP products were created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. MusclePharms’s propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen.
MusclePharm products are sold in over 120 countries and available in over 5,000 U.S. retail outlets, including GNC, Vitamin Shoppe, and Vitamin World. MSLP also sells its products in over 100 online stores, including bodybuilding.com, amazon.com and vitacost.com.
To view the SEC filings for MSLP, click here.
Bottom Line: As of September 30, 2011, MSLP had total debt of $1,816,382. Considering the hot penny stock just had a run from 0.006 to 0.0375, a 575% gain, MSLP is a must add to the penny stocks lists and a serious contender for penny stocks to watch closely.
If MSLP reports stronger earnings than they did for Q3, the stock price, which is already trading at a Price/Sales ratio of just 0.98, expect to see MSLP head towards a nickel before the end of the first half of 2012.Share