U.S. stocks are declining after the latest minutes from the U.S. Federal Reserve proved that an improving job market pushed the central bank closer to an interest rate hike at its meeting in July. The last minutes revealed that policymakers still expressed widespread concerns about inflation and the frail state of the world economy. Policymakers also stated that they only needed to see a bit more improvement in labor markets before hiking rates. How are penny stocks being effected by the decline of stocks?
Thinspace Technology Inc (OTCMKTS:THNS) is up 43.48% as of 1:54 PM on Wednesday, August 19th. At 11:18 AM, the stock was at its low of the day at $0.0023. That was a 56.52% rise. Exactly two hours later, at 1:18 PM, the stock hit its HOD at $0.0036. During the month, THNS had a high of $0.0068 on July 23rd. Over weeks, it plummeted 69.11% to a low of $0.0021 on August 18th. The stock has been on an upward trend on August 19th with a trading volume of 22,477,784 as of 2:08 PM. With this momentum, investors are keying in, hoping that the stock will rise back to its previous highs.
Calissio Resources Group Inc (OTCMKTS:CRGP) is up 26.32% at $0.0024 as of 2:15 PM. The stock is trading with a very high volume of 153,701,228 at that same time. The height of the month was $0.0083 on July 27th. Since then, the stock fell 84.33% to a low of $0.0013 on August 6th. Luckily for investors, the stock’s price and volume have both been gaining momentum and the stock is bullish again. From July 23rd to July 27th, the stock’s close rose 172.72% from $0.0022 to $0.006. Investors are looking for another large bounce to occur again.
Auri Inc. (OTCMKTS:AURI) is up 45% at $0.0029 as of 2:41 PM on Wednesday, August 19th. The volume it is trading with as of that same time is 39,424,722. The height of the day went as high of $0.0055 which is 139.13% up from the open of $0.0023. That morning, at 9:15 AM, AURI released a press release stating that they will retire 500,000,000 shares. This is what picked up the momentum that had been relatively stagnant for about a month prior to the bounce. On August 4th, the stock hit a monthly low of $0.0011. The high of the month is currently the same high of $0.0055. Since the monthly low, the stock has grown 500%. The stock has become consistently bullish in a short period of time.
Progressive Care Inc (OTCMKTS:RXMD) is down 8.26% at $0.01 since the opening of $0.0109 as of 2:55 PM on August 19th. Although this may seem like bad news, the stock is still well over green from just a week ago. On august 11th, RXMD closed at $0.0085 and rose to over a penny for the following week. The stock is still up 17.64% from that time to the price of just a penny. The month overall has been sporadic for RXMD. The month’s low was $0.0075 on July 23rd. The high was at $0.0144 on August 6th which is a 92% rise. As of right now, the stock seems to be stabilized at the higher prices of the month which is good news for long term investors.