Hot Penny Stocks: MusclePharm (MSLP) Volume Muscling Up

The penny stock of MusclePharm Corp. (OTC: MSLP) opened up a “can of whoop ass” to end the week as shares surged to $0.239 leading all the OTC stocks in volume. MSLP, one of our recent stock picks, traded as high as $0.244 towards the end of the trading session before ending the day up 40.59% on volume of 51.79 million.

Free Stock Trading Tip: Add MSLP to your list of penny stocks to watch.

MusclePhram, a worldwide nutritional supplement provider, announced to shareholders on Friday that they are finalizing agreements with two top U.S. retail chain stores which collectively have over 9,000 stores in the U.S. to supply MSLP supplements and the company’s MMA Elite branded product. On top of that, Strategic Apex Group, LLC, an executive and board compensation consulting firm, got the top MSLP executives to agree to a new compensation package effective May 1, 2012, which bases pay and bonuses on performance.

Looking for Hot Penny Stocks? Join Our Newsletter and get our next Penny Stock Picks FREE

Hot Penny Stocks w/ Highest Volume

Symbol   Company Close Pct Chg High Volume
MSLP Muscle Pharm Corp. 0.0239 40.59% 0.0244 51.79 m
CYNX CelLynx Group 0.001 -9.09% 0.0012 43.05 m
NEOM NeoMedia Technologies 0.0148 -12.43% 0.0187 42.56 m
SNPK Sunpeaks Ventures 1.19 5.31% 1.33 33.81 m
NXOI Next 1 Interactive 0.0008 14.29% 0.0008 32.47 m
GNTA Genta Inc. 0.0013 -7.14% 0.0015 26.46 m
LQMT Liquidmetal Technologies 0.41 41.33% 0.48 24.71 m
ECDC East Coast Diversified Corp. 0.0035 -7.89% 0.004 20.21 m
MDCE Medical Care Technologies 0.0009 12.50% 0.0009 18.36 m
XDSL mPhase Technologies 0.0011 10.00% 0.0012 18.33 m

MSLP Stock Snap Shot:

Shares Outstanding
Per 10-K: 605.93M
52 Week High
(5/26/2011) 0.062
52 Week Low
(12/20/2011) 0.0055
5 Day Look Back
Pct Change -5.53%
Moving Avg 0.0196
Avg Volume 35.11M
10 Day Look Back
Pct Change -16.14%
Moving Avg 0.0227
Avg Volume 21.99M

April 20:
Last Volume 1,000,000
Up Volume 7,825,578
Neutral Volume 19,646,705
Down Volume 24,319,439
Trades 561
Avg Trade Size 92,320

With a business plan, capital plan and corporate plan in place for 2012 that reflect MusclePharm’s current stage of growth and development, coupled with the recently retirement of all of MSLP‘s convertible notes, the sky is the limit for this growing company.

To view the SEC filings and recent 10-K for MSLP, click here.

Bottom Line: With revenues for 2011 coming in at $20,838,337 compared to $4,047,295 for 2010 raising gross profit to $6,367,723, it seems that MusclePharm is headed in the right direction. With the expansion of its product sales, MSLP should bee added to your list of hot penny stocks to buy radar.

Can MSLP get back to $1.18? Under the current share structure it would be a huge feat but it is very possible you could see MSLP break its 52 week high before summer’s end.


 

Click To Follow Us: 

Last updated by at .

0
  Recent Penny Stock News