Neuro-Hitech, Inc. (NHPI), the official pick from Best Damn Penny Stocks, looked as if it was priced to run to a dime fresh off the open. Having recently switched from being a a specialty pharmaceutical company promoting generic drugs to an oil and gas exploration company, NHPI stock caved in within minutes of the open allowing for some traders to get shares at half the price the opening bell buyers did. With leases on properties in the Fort Worth Basin to help make things look above board, the early morning oil spill was good enough to bring those patient enough a chance to get in right around where the front loaders did over the last few sessions.
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NHPI Stock Quote
Market Cap: 27.87M
Last: 0.0284 ▼ -0.0066 (-18.86%)
Volume: 7,436,402
Dollar Volume: $258,320
Open: 0.045
High: 0.055
Low: 0.0214
Trades: 278
Authorized: 2,000,000,000
Issued and Outstanding: 981,408,909
14-Day Rel Strength: 58.92%
1st Resistance Point: 0.0482
1st Support Level: 0.0146
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There isn’t much good to say about Neuro-Hitech including their kindergartenish production of a website to boast being an oil and gas explorer. Actually, there is one really good thing about NHPI – it once traded on the NASDAQ when it was Northern Way Resources, Inc., but was deleted from there back in 2008.
Back on January 17, the once generic drug sellers announced that they purchased 2 leases in the Heart of the Ft. Worth Basin known as the M.V. Keller Lease A. and the M.V. Keller Lease B. The leased land covers roughly 153 acres in Young County, Texas and is said, according to BestDamnPennyStocks, Chesapeake Energy Corporation (NYSE:CHK), Anadarko Petroleum Corporation (NYSE:APC) and Devon Energy Corporation (NYSE:DVN).
I live in Miami Beach. Justin Bieber is here in Miami Beach. Does that make me a platinum album selling musician who smokes dope and drives Lamborghini’s drunk?
In any case, the opening bell told the story for what’s to come for NHPI stock. It might have stood a chance had it been a pick BDPS had some incentive to keep supporting, but since they did this for free to see if they still had the Motts, some rotten apples are due to come out from this hot mess of an alert.
About NHPI Stock
Neuro-Hitech, Inc. is a development stage company that hopes to emerge into an independent oil and gas operator by dedicating themselves to sourcing, exploring and developing US oil and gas reserves.
Click here to view the financial filings for NHPI.
Click here to view the website for Neuro-Hitech.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 03/11/14 | 0.0270 | 0.0350 | 0.0100 | 0.0350 | +0.0080 | +29.63% | 2,684,600 |
| 03/10/14 | 0.0201 | 0.0280 | 0.0184 | 0.0270 | +0.0069 | +34.33% | 1,357,500 |
| 03/07/14 | 0.0079 | 0.0250 | 0.0079 | 0.0201 | +0.0122 | +154.43% | 4,766,000 |
| 03/06/14 | 0.0075 | 0.0079 | 0.0075 | 0.0079 | +0.0004 | +5.33% | 3,979,800 |
| 03/05/14 | 0.0079 | 0.0079 | 0.0075 | 0.0075 | +0.0015 | +25.00% | 535,200 |
Bottom Line:
NHPI appears stable at 0.029 even though what’s supposed to be one of the Best Damn Penny Stocks looks more like one of the worst ones. Tomorrow should be no better so hoping that a wave of buyers come now that the BDPS emails have actually gone out, uncompensated or not, NHPI stock is looking like a slow roller to the bottom of the hill.
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