ScripsAmerica, Inc. (OTCBB:SCRC) Sways in Both Directions
ScripsAmerica, Inc. (OTCBB:SCRC)’s upward run was halted in the end of last week and the ticker has a hard time finding its direction since then. The stock’s value is going down and climbing back up daily and it’s hard to imagine where it will go considering the constant optimistic press releases.
The Monday announcement that the company’s due diligence team will go to China in order to initiate formal distribution negotiations for its RapiMed® children’s pain reliever literally made the stock explode and reach a new volume high.
It also triggered a decent 21% gain in value, but the stock’s price struggles to find its direction since. The ticker gapped up the very next day, but had a very inconsistent movement throughout the session, expressed in big dips and jump and finally closed 1.79% down in price on lower volume.
Yesterday SCRC came up with some good news as they announced that PIMD International, LLC has already shipped its first order after the completion of the acquisition by ScripsAmerica. This led to a decent session in which the company stock gained 9.09% in value.
The ticker gapped up again and opened the session at $0.28 per share, but the price was pushed as low as $0.266 due to the significant amount of traded shares. After things quieted down the company stock started climbing and closed at $0.30 with 877 thousand traded shares that helped generate $242 thousand in dollar volume.
Today’s session didn’t start well as the price started dropping despite the fact that there wasn’t much trading. By now it has lost 10% from yesterday’s price and is being traded at $0.27 per share. This led some of the investors to abandon ship and we are witnessing some spikes in volume caused by people that are afraid of losing money.
The ticker is highly volatile at the moment and can go in any direction with no regards to the news and the steady trading. This is why it is one of the riskiest investment choices at the moment and we would advise you to do your due diligence and weigh out the risks.
Pan Global Corp (OTCMKTS:PGLO) has had a very decent run lately and is currently priced at $0.533 per share. The volumes in which it is traded are very good and help the ticker generate dollar volumes that put it in the top of our list of most actively traded stocks.
Solar Power, Inc. (OTCMKTS:SOPW) on the other hand took a nosedive yesterday as it lost 21% of its value and is continuing its descent in today’s session.
