2 Penny Stocks Declined On Trading Boards

China Pharma Holdings, Inc. (CPHI) penny stock declined 8.01% to close at $0.610 in its last trading session. Looking at its price history the share price has traded within the prices ranges of $0.59 to $2.75 in last one year. The traded volume stood at 1.38M shares as compared to its average traded volume of 93,889.00 shares per day.

Its market capitalization ended at the figure of $26.55M while the company’s total outstanding shares stand at 43.53M. The penny stock stock price moved 1.38 times to its earnings per share in the last trading session. China Pharma Holdings, Inc. (CPHI) maintains the beta of 1.22 which depicts that the share price is likely to change by 1.22 times against 1 point change in market index.

Viropro Inc. (VPRO.PK) penny stock dropped 5.26% to close at $0.0180 in its last trading session. Looking at its price history the share price has traded within the prices ranges of $0.01 to $0.09 in last one year. The traded volume stood at 1.32M shares as compared to its average traded volume of 535,174.00 shares per day.

Its market capitalization ended at the figure of $6.98M while the company’s total outstanding shares stand at 387.99M. The company touched the day high of $0.018 and low of $0.02.

Viropro Inc. (VPRO.PK) penny stock share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -7.49 times. This means that the stock is likely to react by -7.49 times against one point change in market index and will be moving in opposite direction of market index. Stocks with negative correlation have a high significance in hedging strategies.

 

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