Is It Time To Sell Your Shares? mCig Inc(OTCMKTS:MCIG), BANRO CORPORATION (NYSE:BAA), and Plug Power Inc(NASDAQ:PLUG)
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mCig Inc(OTCMKTS:MCIG) saw its value decrease by 3.26% during yesterday’s trading, falling $0.0140 to close at $0.4155. The new mark places the stock even further away from its 52 week high of $0.92. The Washington-based development-stage company announced August 1st that VitaCig, its wholly owned subsidiary, would be releasing two new flavors: VitaCig(R) Calm and VitaCig(R) Grace. However, the company also announced that VitaCig’s prices would be raised from $3 to $5.
Banro Corporation (USA)(NYSEMKT:BAA) enjoyed a slight increase in value during yesterday’s trading, gaining $0.0049 to close at $0.2299. Despite the increase in value, the stock remains just a little over a cent above its 52 week low of $0.22. The Toronto-based mining company, whose trading volume was a little over 65,000 above its three month average of 949,883, has been on the decline for almost a month since closing at a price of $0.48 on July 9th.
Plug Power Inc(NASDAQ:PLUG) gained five cents during yesterday’s trading, a 0.96% increase in value that moved the stock to a closing price of $5.32. The stock traded within a range of $5.20 to $5.36 during the day. The New York-based alternative energy technology provider current plans to announce its second quarter financial results on August 14th, 2014. The stock has gained one cent in after-hours trading to move to a value of $5.33.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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