Most Active Penny Stocks of the Prior Session: IDVC, CCRY, CPSZ, REDG

11/03/2013 | Author: | Posted in Finance

Active Penny Stock

Infrastructure Developments Corp (PINKSHEETS:IDVC)has announced that the company has paid off outstanding amounts payable to a convertible note holder. Within the previous 2 years, IDVC has borrowed roughly $214,000 from an investment firm, for the key motive to support its establishment of the company’s United States Navy “Lido” scheme in Indonesia and general business expenses. IDVC showed a bullish movement of +100.00% and finished the trading activity Friday at $0.001. The volume of the stock, in the prior session, remained hot as it traded 73.83 million shares compared to its average volume of 5.27 million shares.

Chancery Resources Inc (PINKSHEETS:CCRY) was among the most active penny stocks and its prior session volume was 70.33 million shares. The average trading volume of the stock remained 17.83 million shares. The stock’s chart showed a negative 5-day trend as it tumbled -18.75%.

CONTINENTAL PRISON (PINKSHEETS:CPSZ) escalated +20.00% and closed the trading activity March 1, at $0.003. CPSZ gained investors confidence in Friday’s session as its volume remained really active at 62.41 million shares. The beta of the stock remained 2.43. The one-month performance was positive +233.33%.

Red Giant Entertainment Inc (OTCBB:REDG) was also a hot penny stock and traded with volume of 12.76 million shares in the last session, as compared to average volume of 2.79 million shares. The stock showed an increase of +16.17% and closed at $0.154. Chris Crosby, co-founder and CEO of leading online comics portal Keenspot, has joined Red Giant Entertainment as a member of the Board of Directors.

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