KaBoom! Up now more than $1 from our initial alert, Green Innovations Ltd. (GNIN) continued its ascent towards $2 after landing itself in the top 10 penny stocks traded on Tuesday. Falling short by one spot of the group on Monday after $4,935,582 was traded, Tuesday pushed GNIN stock even further up the ranks and the charts, now up more than 175% since it began trading after the start of the year. Now that the bamboo paper based product distributor has formed a Strategic Advisory Board, it’s all thumbs up for Bruce Harmon, CEO, from an investor’s point of view — for now.
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GNIN Stock Quote
Market Cap: 165.00M
Last: 1.65 ▲ 0.22 (15.38%)
Volume: 2,811,625
Dollar Volume: $4,398,788
Open: 1.48
High: 1.67
Low: 1.43
Trades: 1,314
14-Day Rel Strength: 86.47%
14-Day Stochastic: 97.90%
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Landing itself on the top 10 traded list is a huge feat for momentum traders. Those who got into GNIN stock when it first began trading with the understanding it was going to be a long position are sopping up the gains right now with more likely to come as the week continues.
In comparison, although Green Innovations’ awareness campaign is more sophisticated than that of others listed on the top 10 penny stocks traded from Tuesday, Awesome Penny Stocks’ Swingplane Ventures (SWVI) promotion is the only one which began in 2013 that has outperformed GNIN stock thus far after setting a new high on Tuesday at 0.601.
While the Company notes that “Expansion into the larger retail markets will be a very key component of their growth strategy going forward,” staple products such as Toilet Rolls, Facial Tissue and Cosmetic Wipes, traders are concentrating on the short-term which includes GNIN stock breaking the $3 mark before the end of this week.
About GNIN Stock
Green Innovations Ltd., through its wholly-owned subsidiary Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation’s 100% tree-free bamboo-based product line, including personal care and paper-based goods. Click here to view the SEC filings for GNIN.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 02/12/13 | 1.6500 | +0.2200 | +15.38% | 2,811,625 |
| 02/11/13 | 1.4300 | +0.2300 | +19.17% | 3,649,300 |
| 02/08/13 | 1.2000 | +0.0900 | +8.11% | 1,304,900 |
| 02/07/13 | 1.1100 | +0.0900 | +8.82% | 718,500 |
| 02/06/13 | 1.0200 | -0.0100 | -0.97% | 204,800 |
Bottom Line: GNIN had already been a great performer since it began trading in early January. Now that it has landed on the top 10 penny stocks traded list, the days are numbered for GNIN stock to take a hit. Short attacks are very common on penny stocks trading over $1 as many saw with ECAU a little more than a week ago and with ZERO on Tuesday.
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