An Insight Into Cono Italiano, Inc. (OTC:CNOZ) Penny Stock

Company Background:

Cono Italiano, Inc. (OTC:CNOZ) was incorporated in 2007 and is engaged in manufacturing, marketing and distribution of pizza style food product by the brand name of Pizza Cono. Based in Keyport, New Jersey the company is also engaged in reselling of ovens to quick service restaurants, takeaways, fast food chains, super markets, convenience stores, entertainment facilities and sports arenas. The company also maintains a strategic partnership with TurboChef Technologies Inc.

Daily Stock News:

Cono Italiano Inc (OTC:CNOZ) penny stock plunged by 6.67 percent to close at $0.056. The share price traded with the volume of 315,693 shares as compared to its average volume of 520,641 shares per day. Exceptionally volume indicates a bullish run in the share price movement. The company’s (penny stock) total outstanding common stock accumulates up to 92.00 million shares out of which 43.93 million shares are floated in the stock market.

If we look at its (penny stock) price history the share price traded between the prices ranges of $0.01 to $0.25 in last one year. It can also derived from its price history that the share price is likely to find support at $0.01 while could experience resistance at $0.25 level.

 

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