2 Penny Stocks Need More Attention From Investors
CytoSorbents Corporation (OTC:CTSO) penny stock moved down 1.79 percent to close at $0.16 in its last trading session. The traded volume stood at 866,963 shares while on average its traded volume stands at 634,378 shares per day. Its market capitalization stood at $29.25 million as compared to its total outstanding common stock of 177.28 million shares.
The penny stock share price maintains the beta value of 1.13 times which shows that the stock price is likely to move by 1.13 times against one point change in market index.
Viropro, Inc. (PINK:VPRO) penny stock went down 8.68 percent to close at $0.02 in its last trading session. The traded volume stood at 914,130 shares while on average its traded volume stands at 596,500 shares per day. Its market capitalization stood at $7.76 million.
The penny stock share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -7.40 times. This means that the stock is likely to react by -7.40 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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