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Jeff Mirkin has been trading penny stocks for 12 years and is an expert in microcap securities.
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  • Sharply Traded Penny Stocks In The Spotlight: MFTH, PHOT, HEMP, GSPT 0 comments
    Feb 4, 2013 9:14 AM

    Medisafe 1 Technologies Corp (OTCBB:MFTH) was on the list of sharply traded penny stocks of the OTCBB market. Thursday's volume of the stock was 17.21 million shares and the average volume remained 10.87 million shares. The 5-day performance of the stock was positive increasing +2.94%. We tracked the one-month performance of the stock and it still remained a gainer surging +150%.

    Another sharply traded penny stock we have selected for discussion is Growlife Inc (OTCBB:PHOT). On January 31, 2013, the stock traded with volume of 13.10 million shares and has average trading volume of 1.85 million shares. PHOT surged +23.38%, to close the session at $0.0475. PHOT has reported that it has retained Integrity Media Inc., a Las Vegas based firm, as Growlife's Investor Relations firm of record. Integrity Media is directed by Kurt Divich, who has worked with hundreds of public companies in a broad range of industries.

    Another stock with very strong volume was HEMP, INC. (PINKSHEETS:HEMP). The stock's day's volume was 19.01 million shares and average volume was 4.32 million shares. HEMP surged +22.71% and finished the trading session at $0.0335. The 6-month performance of the stock increased +235%. The YTD performance was positive and the stock increased +11.67%.

    TERRALENE FUELS CORP (OTCBB:GSPT) was among the sharply traded penny stocks of the OTCBB market and traded with heavy volume of 11.95 million shares. The average volume was 2.99 million shares. On January 31, 2012, GSPT moved down -24.62% and closed the session at $0.0150.The stock shot up +368.75% in its preceding five days. The 1 month and prior 3 months performances of the stock, tracked by means of its graph, were +1566.67% and +2042.86%, respectively.

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