November 25, 2016 - By Marie Mckinney
Interested investors have been looking for information on shares of PLASTIC2OIL INCORPORATED (OTCMKTS:PTOI) after the stock moved $0.0045, hitting the $0.05 price point in a recent trade.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, PLASTIC2OIL INCORPORATED’s stock was big mover. According to the short interest report published recently, (PTOI) had 10,700 shorted shares for 0.1 days to cover. The prior short interest was 9,200 for a $16.30 change. The 52-Week High and Low are noted here. -28.57% (High), 150.00%, (Low). The stock had 105,500 average volume.
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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.
Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.
So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.
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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.
Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.
In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.
A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.
Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.
More notable recent Plastic2Oil Inc (OTCMKTS:PTOI) news were published by: Seekingalpha.com which released: “JBI And Plastic2Oil: A Colossal Wreck” on November 27, 2013, also Seekingalpha.com with their article: “Crayola And JBI’s Plastic2Oil Partner Up For Colorcycle Program” published on April 25, 2013, Seekingalpha.com published: “John Bordynuik: Revolutionary Company Or Can Of Worms?” on January 12, 2012. More interesting news about Plastic2Oil Inc (OTCMKTS:PTOI) were released by: Marketwired.com and their article: “Plastic2Oil Announces Business Update” published on September 13, 2016 as well as Seekingalpha.com‘s news article titled: “John Bordynuik’s Plastic2Oil: A Long And Winding Road” with publication date: January 31, 2012.
Plastic2Oil, Inc. manufactures processors, which produce fuel products mainly from unsorted, unwashed waste plastics for distribution across various markets. The company has a market cap of $6.12 million. The Firm operates through two divisions: Plastic2Oil (P2O) and the Data Business. It currently has negative earnings. The Company’s P2O solution segment makes and sells processors, as well as sells the fuel produced through its processors.
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