Active Trading In SwingPlane Ventures As Company Hits New High: Small Cap Volume Watch Ahead Of The Bell: Nokia Corp, AMR Corp, Green Innovations, Medical Marijuana, Inc.
LONDON, February 21, 2013 /PRNewswire/ --
Shares in Swingplane Ventures traded to another new all-time high for the stock to close trading on Wednesday at 0.90 cents per share. In a heavily traded day for the stock Swingplane traded higher by a further 10% on over $25 million in volume to close at a new high of 0.90 cents per share. Shares did trade an intraday high of 0.97 cents in trading as it looks to break the $1.00 mark at some point this week. All eyes are sure to be on the company as it goes into Thursday's trading session and ahead of the bell today on Wall Street.
Nokia Corporation (NY: NOK) is a company that traded big volume to close both on the NASDAQ and on the OTC market. Shares of Nokia traded over $200 million and were just lower by 2.8% in a heavily traded day for the company. Many investors are looking at shares of Nokia as a value buy with the stock trading at almost $4.00 up from $1.63 over the last year, especially with the current slide in shares of Apple (NASDAQ: AAPL).
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AMR Corp even a company in bankruptcy has ended up becoming a positive winner for many traders.
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Green Innovations followed up on its big down day in trading with yet another bad day to close on Wednesday. Shares of the company closed down a further 34% on over 5 million in volume. The stock has now retraced back from almost $3.00 per share to below $1.00 per share which is normally when we see stocks in free fall as we have with Green Innovations these last 2 trading sessions.
Shares in AMR Corp had a healthy trading pullback after more than doubling in price over the last trading week. AMR Corporation was lower by 10% on still extremely heavy volume with the company seeing over $60 million exchange hands on Wall Street. The company has given rare value to shareholders with the closing of its merger with US Airways, combining to make the largest airline in the world.
Medical Marijuana was another company that followed through on its previous day's loss, with another trading day to the downside in action on the pink sheets markets today. Shares of Medical Marijuana were lower by 9.6% on almost $10 million in volume.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the OTC markets.
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