2 Penny Stocks Lightened Up Trading Screens On Monday 12th

XNE, Inc. (PINK:XNEZ) penny stock last heavily gained 107.14 percent to close at $0.014 in its last trading session. The traded volume stood at 8.89 million shares while on average its traded volume stands at 426,278 shares per day. Its market capitalization stood at $229.

The penny stock share price is trading near its oversold level as per its relative strength index of 38.46 times. MACD Moving Average Convergence Divergence indicates strong bearish trend in the share price movement as the both the MACD line and trigger line are in negative zone.

The penny stock share price maintains the beta value of 24.34 times which shows that the stock price is likely to move by 24.34 times against one point change in market index.

North Springs Resources Corp (OTC:NSRS) penny stock jumped up 10.15 percent to close at $0.12 with traded volume of 7.68 million shares as compared to its average traded volume of 35.03 million shares per day. The company’s total outstanding common stock accumulates up to 696 million shares out of which only 196 million shares are floated in the stock market.

Looking at its price history the penny stock share price traded between the prices ranges of $0.01 to $1.72 in last one year. This can be derived that the share price is likely to find support at $0.1 while resistance could be seen at $1.72 level.

The company touched the day high of $0.13 and low of $0.10. North Springs Resources Corp’s total market capitalization arrived at $88.39 million.


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