What a day and week it’s been for speculators who follow toxic financiers like Asher Enterprises Inc. Knowing that their involvement spoils any chances for new found fortunes, the penny stock of Freeze Tag Inc. (FRZT) is the latest example of seizing the moment. Ever since the Company removed the OTC’s version of a loan shark by paying off their convertible debts to Asher, FRZT stock, and the traders loving it, has exploded from its under a penny level to gain over 200% after trading really picked up Tuesday just after the midway point.
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FRZT Stock Chart
Market Cap: 1.24M
Close: 0.0238, up 0.0135 (131.07%)
Volume: 10,431,145
Dollar Volume: $199,743
High: 0.0274
Low: 0.0081
Trades: 327
Average Trade Size: 31,899
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Up now 204% since we reported on the removal of Asher Enterprises from the Freeze Tag convertible debt list, there was actually intra-day gains Tuesday of 238.27% on FRZT stock for those who bought in after the open. No news is out, no new apps or games scheduled to hit the download sites, just momentum. The surge was enough for the penny stock to rally Tuesday, landing itself on the top 20 traded list (18th overall).
November has been a sick month for Freeze Tag, especially if you are that lucky soul who bought shares at 0.001 at the start of the month while everyone was playing the marijuana stocks. A 2,600% gain in less than two weeks is nothing to sneeze at. Now that CEO and President Craig Holland bailed out the Company by eliminating Asher (see here), it’s like blue skies all over again.
About FRZT Stock
Freeze Tag, Inc. publishes casual online games across various digital distribution platforms, including PC/Mac downloadable; mobile; and social networking sites, such as including Facebook.
Last 5 trading sessions:
| Date | Last | Change | % Change | Volume |
| 11/13/12 | 0.0238 | +0.0135 | +131.07% | 10,431,101 |
| 11/12/12 | 0.0103 | +0.0004 | +4.04% | 2,033,700 |
| 11/09/12 | 0.0099 | +0.0009 | +10.00% | 3,568,500 |
| 11/08/12 | 0.0090 | +0.0048 | +114.29% | 6,189,100 |
| 11/07/12 | 0.0042 | +0.0007 | +20.00% | 4,976,300 |
Bottom Line: FRZT has been a hot penny stock these last few days and most definitely ended Tuesday with some positive flow. Can FRZT stock break out again and get out of the 2’s and into the 3’s? The first resistance point is 0.0314 while the first support level is 0.0121. With the Gorilla off its back, Freeze Tag has plenty of room to run around now.
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