November 29, 2016 - By Michael Collier
The stock price of DET NORSKE (OTCMKTS:DETNF) recorded $0.4 in recent trading, touching $15.1 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, DET NORSKE’s stock was big mover. According to the short interest report published recently, (DETNF) had 227,300 shorted shares for 2273.0 days to cover. The prior short interest was 252,300 for a $-9.91 change. The 52-Week High and Low are noted here. -6.21% (High), 165.85%, (Low). The stock had 100 average volume.
Will Stock Price of DET NORSKE (OTCMKTS:DETNF) Getaway to Their Potential? Register to Our Newsletter Now!
When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
Receive Latest Alerts on Stocks That Are Set to Make a Run by Registering in the Bar Below.
It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
Disclaimer: The information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action.
More important recent Det Norske Oljeselskap (OTCMKTS:DETNF) news were published by: Nasdaq.com which released: “Det norske oljeselskap ASA: Primary Insider Notice” on September 30, 2016, also Reuters.com published article titled: “BRIEF-Oil firms Det norske and BP to merge in Norway in $1.3 bln share dea…”, Ft.com published: “Det norske acquires BP’s Norway unit in cash and stock deal” on June 10, 2016. More interesting news about Det Norske Oljeselskap (OTCMKTS:DETNF) was released by: Wsj.com and their article: “Marathon Oil Sells Norwegian Operations for $2.1 Billion” with publication date: June 02, 2014.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.