Midyear Recap of Penny Stock Leaders
Today we are recapping three of this year’s biggest hot penny stock movers. All of the names mentioned below seem to still be very active and volatile. This could present opportunities for trading or long term investing. There have been some huge moves in the penny stock world this year, but these are some of the more notable and publicized companies. Add these companies to your penny stocks list and keep your eye on them.
Cascadia Investments (CDIV.PK)
Cascadia Investments closed at 5.5 cents on December 31, 2009. CDIV is a “True Penny Stock”. Currently CDIV is a favorite of short term penny stock traders and has basically become a very liquid cult stock with a massive message board following. CDIV is a social gaming company that is attempting to gain traction in the multi-billion dollar industry. CDIV has very little revenue despite acquiring several game apps that were developed for the iPhone. Much of the CDIV trading community views the stock as a potential short squeeze candidate. As evidenced by a move to .72 on March 10, 2010.
Rexahn Pharmaceuticals (RNN:AMEX)
Rexhan Pharmaceuticals is a clinical stage biopharma company that proved to be an explosive penny stock winner this year. RNN closed at .68 on December 31, 2009 and traded as high as $3.65 on April 12, 2010. RNN was trading in a bullish uptrend before the big price and volume spike. The move was predicated on positive data from the anxiety and depression Seradaxin and the potential of ED Zoraxel. The stock has pulled back recently and is attempting to build a base.
Radient Pharmaceuticals (RPC:AMEX)
Like Rexahn, Radient Pharma is also a biopharma company that closed at .24 cents on December 31, 2009. Onko-Sure, which is RPC’s cancer screen product attracted major interest in the stock. The low cost of Onko-Sure’s non-invasive test and distribution agreements in Russia and India propelled RPC shares to $2.19 on April 12th, 2010. Since then RPC shares have pulled back and are attempting to form a base. The shares still remain extremely volatile.
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