An Insight On Penny Stocks March 20th, 2012

Vibe Records, Inc. (PINK:VBRE) reported the fall of 20.45 percent to close at $0.035 in its last trading session. The traded volume stood at 5.89 million shares while on average its traded volume stands at 882 shares per day. Its market capitalization stood at $83,560 as compared to its total outstanding common stock of 500.21 million shares.

Looking at its price history the share price traded between the prices ranges of $0.00to $0.01 in last one year. This can also be derived that VBRE is likely to find support at $0.00 while resistance could be seen at $0.01 level.

The share price maintains the beta value of 5.39 times which shows that the stock price is likely to move by 5.39 times against one point change in market index.

MEDINAH MINERALS INC (PINK:MDMN) went down 5.40 percent to $0.0.14 in its last trading session. Its traded volume stood at 5.50 million shares as compared to its average traded volume of 3.37 million shares per day. The company’s outstanding common stock accumulates up to 711.81 million shares.

The share price is trading at a relative strength index of 53.60 which shows that the stock has considerable margin for capital gains. MACD shows mixed trend as the both the MACD line and trigger line are falling in the positive zone but MACD is below than the trigger line.

 

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