Penny stocks or “lower priced stocks” have a general stigma surrounding them that can involve buzz words like risk and volatility. Companies like Apple Inc and IBM need to rely on large moves in price in the 10s of dollars in order to achieve any significant price gains for the average investor. This is why the allure of penny stocks have shined so bright this year.
A recent trend in social media has taken center stage where trader buzz via tweets, profile updates, and live chat windows have given rise to added investor awareness. Some of the most talked about stocks like Enviro-Serv, Inc (OTCMKTS:EVSV), Hangover Joe’s Holdings (OTCMKTS:HJOE), or even beverage company NoHo, Inc. (OTCMKTS:DRNK) have all received their fair share of attention in the “twittersphere” during the last 2 weeks.
Enviro-Serv (EVSV) released its first shareholder update of the quarter Tuesday morning and focused on several key milestones that the company looks to achieve in the year ahead. Chris Trina, Enviro-Serv CEO stated, “We have already posted a record April and are on pace for a record May. Based on the overwhelming amount of calls we’ve already received during the beginning of Florida’s swarming termite season, I expect Q2 and Q3 to have a very favorable impact on our cashflows.”
Daily volume has increased from an average of less than 1 million shares a day at a price of roughly $0.0002 during the month of April to now having an average volume of a little over 87million since May 1st. Price has also increased from lows of .0001 (May 4) to highs of $0.0015 (May 19).
Hangover Joe’s has also an increased amount of attention during May. After hitting an opening price of $0.0003 on May 1, the price of HJOE shares has jumped to highs of $0.0062 in the matter of days. Following a pull back to $0.0019, Hangover Joe’s has once again found itself up roughly 121% since hitting those low prices last Friday.
Hangover Joe’s had launched the Git-R-Done Energy Shot, the first all-natural two-ounce energy shot that has no added caffeine according to the Company. Together with the License between the Company and Larry the Cable Guy’s Git-R-Done Productions, the Git-R-Done-Energy shot is now available to consumers.
NoHo, Inc. (DRNK) finding the “social media spotlight” shine bright after a recent run of more than 700% since the beginning of the month. Last month the company released press stating that they had solidified a distribution agreement with A.R. Artemis Import and Distribution, Inc., a subsidiary of Wissotzky Tea, to distribute NOHO beverages throughout Israel. “We are very confident that the NOHO beverages will be successful in the Israeli market place. We look forward to getting NOHO on the shelves and into the hands of people before summertime. NOHO Gold tastes amazing and its healthy ingredients will put in a league of its own,” stated CEO of A.R. Artemis Import and Distribution, Oren Rauch.