Wednesday’s list of the top 10 penny stocks was once again led by Great Wall Builders Ltd. (OTC: GWBU) stock. Even though the double-digit gains have disappeared since the hard mailers arrived, GWBU closed at $1.53, up 1.32%, on volume of 10.5 million shares. Only two other penny stocks in the top 10 closed up on the day; Cannabis Science (OTC: CBIS), up 2.86%, and Eastman Kodak Co. (Pinksheets: EKDKQ), up 3.28%. Interestingly, two of the oil speculators, Independence Energy Inc. (OTC: IDNG) and American Liberty Petroleum Corp. (OTC: OREO) made it on the list as the two are the penny stock picks of some research firms with big expectations.
Looking for Hot Penny Stocks? Click here and get Alerts on Penny Stock Picks FREE.
To 10 Most Actively Traded OTC Penny Stocks
Symbol | Price | Pct Chg | $ Volume | Volume | Trades |
---|---|---|---|---|---|
GWBU | 1.53 | +1.32% | 15,681,163 | 10,504,916 | 2,639 |
HYSR | 0.06 | -17.81% | 302,054 | 4,701,723 | 452 |
CBIS | 0.072 | +2.86% | 560,428 | 7,381,509 | 404 |
FRFS | 0.0081 | -55.00% | 235,726 | 16,370,131 | 403 |
HYII | 0.53 | -35.76% | 755,849 | 1,273,863 | 394 |
IDNG | 2.80 | -4.44% | 1,253,685 | 442,917 | 360 |
LFVN | 3.17 | -0.94% | 1,053,830 | 337,749 | 359 |
OREO | 0.705 | -10.76% | 715,478 | 967,606 | 335 |
EKDKQ | 0.1797 | +3.28% | 489,286 | 2,692,598 | 327 |
COIN | 0.0046 | -29.23% | 162,084 | 35,540,029 | 316 |
5th on the top 10 list of penny stocks, All Grade Mining (OTC: HYII) stock dropped -35.76% after just yesterday announcing positive results for the feasibility study that HYII completed on its Salitrosa Iron Project in Chile. The feasibility study considers the costs of extraction and production of iron ore, not the cost of transfer to the ports of shipment, due to the unknown location and distances.
Revenues of the project were calculated based on monthly sales projected at the price of the concentrate ore given the law of the product and to the exchange rate prevailing at the date of the evaluation. The parameters that were taken into consideration at the time of the evaluation are as follows:
Sales volume: | 40,000 tons/month |
Price of the Concentrated of Iron: | $75 USD/ton |
Law of the iron ore concentrated: | 63% |
Exchange Rate: | $500 USD/ton |
Quarterly Increment in the sales: | 5% |
Horizon of Planning of the project: | 10 years |
With the parameters above, HYII projected revenues of approximately $388 million over the next 10 years starting with an estimated $36 million in revenue the first year commencing production.
Bottom Line: The penny stock of Great Wall Builder Ltd., GWBU, has to be on the list of penny stocks to sell before the end of the week. GWBU Stock could have a pop of momentum trading at some point but the risk is not worth the reward. As with NSRS shares and SNPK stock, once the rally begins and a buying frenzy is created, the PPS can drop more than -70% within minutes when the plug is pulled on the dump.
Here is your opportunity to subscribe to the most elite penny stock newsletter.
Sign up with your email address now & get ready to make HUGE PROFITS on stocks that RUN.
(We are 100% Anti-Spam and will never rent or sell your information)
ShareMAY