Friday, September 7, 2012

Two Hot Penny Trades: Viking Minerals Inc (OTC:VKMD) & Pristine Solutions Inc(OTC:PRTN)

Viking Minerals Inc(OTC:VKMD) was of the heavy traded stocks on Thursday with more than 39 million shares traded hands, incomparable to its average volume of 75K shares. In terms of price action, the stock had wild swing through the session. The stock opened slightly higher and in the mid day session it went up 90% to session high of $0.24, however in the final hours suddenly the stock witnessed heavy sell off and VKMD ended lower by 36.30% to $0.0860.

Well the drama doesn’t end here, in after hours, the stock soared 144% to $0.2101. So it would interesting to see how will the stock react in today’s session. There is  no news which made the stock so volatile.

Will VKMD Bounce Back Or It Will Move Back To new Lows? Find Out Here

Pristine Solutions Inc(OTC:PRTN) continued to attract high volatility with the stock ending lower by 14% to $0.251. The stock has been showing high volume and price action over the past couple of trading weeks.

The stock almost doubled from Aug 24 to 31 Aug. On September 04, the stock slumped 50% to end the day at $0.20 after Eaton Scientific Systems, Ltd. (“Eaton Scientific” or the “Company”), a wholly owned subsidiary of Pristine Solutions, Inc. (OTCQB: PRTN) is pleased to announce that the Company has entered into an agreement with RoxSan Pharmacy Inc. to provide continued specialized compound prescription of Homatropine in a novel oral suspension (“Tropine 3″) to support planned FDA compliant Clinical trial participants.  Tropine 3 is a patent pending novel indication of an existing FDA approved drug for the non-hormonal treatment of hot flashes in pre-menopausal, peri-menopausal, and post-menopausal women.  Details regarding the multi-location multi-phase FDA compliant Tropine 3 clinic trials are expected to be finalized within the next few weeks.

How Should Investors Trade PTRN Now? Find Out Here

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