Most Active Penny Stocks On Friday

Allezoe Medical Holdings Inc (OTC:ALZM) penny stock last surged 18.52 percent to close at $0.012 with traded volume of 11.95 million shares as compared to its average traded volume of 11.34 million shares per day. The company’s total outstanding common stock accumulates up to 260.49 million shares out of which only 109.17 million shares are floated in the stock market.

The company touched the day high of $0.013 and low of $0.010. Its total market capitalization arrived at $3.33 million.

The penny stock share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -164.10 times. This means that the penny stock is likely to react by -164.10 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.

UNIVERSAL BIOENERGY INC (PINK:UBRG) penny stock last moved up 3.03 percent to close at $0.017 in its last trading session. The traded volume stood at 5.78 million shares while on average its traded volume stands at 6.37 million shares per day. Its market capitalization stood at $3.16 million as compared to its total outstanding common stock of 197.35 million shares.

The penny stock share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -2.84 times. This means that the penny stock is likely to react by -2.84 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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