How Should Day Traders Approach Lifelogger Technologies Corp(OTCMKTS:LOGG), Molycorp Inc(NYSE:MCP), and Midstakes Petroleum Company Inc(NYSE:MPO)?
New York, NY – GDP INSIDER – 11/25/2014.
This article discusses three companies: Lifelogger Technologies Corp(OTCMKTS:LOGG), Molycorp Inc(NYSE:MCP), and Midstakes Petroleum Company Inc(NYSE:MPO)
Lifelogger Technologies Corp(OTCMKTS:LOGG) is a Florida-based development stage company that develops and commercializes a “lifelogging” wearable camera that tracks and shares personal data. The stock has traded within a range of $0.10 to $1.10 over the past 52 weeks and finished yesterday’s trading at a closing price of $0.52 after a three cent loss. These figures suggest that Lifelogger Technologies, while on the decline, remains far away from rock bottom.
Molycorp Inc(NYSE:MCP) traded for as little as $1.07 yesterday, a new 52 week low for the company. The Colorado-based company is involved in the production and selling of both rare earths and rare metal materials. Molycorp’s segments products are used in both oil refinery catalyst and energy efficiency lighting applications. The company, which has a market capitalization of $277.76 million, had a trading volume of 5.15 million yesterday. This figure suggests that investor interest Molycorp is spiking.
Midstakes Petroleum Company Inc(NYSE:MPO) was upgraded by Northland Capital from “Market Perform” to “Outperform” on Nov. 11th, 2014. The company is currently rated at “Market Perform” by FBR Capital and “Hold” by MLV & Co. The stock traded within a range of $2.85 to $3.15 after opening at a price of $3.12. After losing twenty-six cents, Midstakes Petroleum Company finished the day at a closing price of $2.86. Simply put, Midstakes Petroleum appears to be on the decline.
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