Today at midday, the stock market as a whole looks pretty boring. The Dow’s up 10 points, the Nasdaq down 8 points and the S&P’s up 1 point. One area of the stock market that never looks boring is penny stocks.
Let’s take a look at 5 penny stocks making moves today.
The Amergence Group (OTC: AMNG) is up around 16% today. This company has been releasing news steadily for about 2 weeks now. On Friday, after the market close, the company announced the PanPacific Travel Network for its subsidiary PanPacific International. AMNG is trading well above average volume today with over 46 million shares, far above its 3 month average of just over 6 million shares.
El Maniel Interntional (OTCBB: EMLL) is up 25% on huge volume with over 184 million shares traded. EMLL traded as high as 0.0012 but has gone down to 0.0010. No real news of the company in the past few days. They released their financials on Friday and last Tuesday the company announced they were exploring mining opportunities in West Africa.
Sino Agro Food (OTC: SIAF) is trading up 14% today on good volume. No real news on this company in the last week or so. This could be traders accumulating shares before the company’s shareholder conference call on August 30.
TAMM Oil and Gas Corp. (OTCBB: TAMO) is trading up nearly 15% with about double the company’s average volume traded so far. On Friday, TAMO announced that they engaged Chapman Petroleum Engineering Ltd to prepare an updated evaluation of the company’s heavy oil project in an effort to expedite the development of TAMM’s core heavy oil property.
Cannon Exploration, Inc. (OTC: CNEX) is up 25% to 0.0016 with over 55 million shares traded. No real news on this company in the last few weeks, so who knows why it’s going up today. Could be a possible pump.
Never a boring day in the penny stock world. Some stocks run on news, and some stocks move for what appears to be no reason at all. Always remember to tread carefully when trading penny stocks. There’s plenty of money to be made as well as lost.
Disclaimer: This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in this stock at the time of this posting. Do not use the above information as investment advice. It is for entertainment purposes only. Penny Stock Classroom is not liable for any losses you may incur.
