Is Now The Time To Invest In These Low Price Stocks? Hemp Inc(OTCMKTS:HEMP), FreeSeas Inc(NASDAQ:FREE), and North American Palladium Ltd (USA)(NYSEMKT:PAL)
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Hemp Inc(OTCMKTS:HEMP) finished trading yesterday at a closing price of $0.0435 after suffering a 2.25% decrease in value. The medical marijuana industry services company traded within a range of $0.04 to $0.05 during the day. Last week, it was reported that Hemp’s value may have been artificially boosted as part of a pump-and-dump scheme. Hemp released a press release commending the efforts of the SEC in response to the charges against four individuals found to be manipulating the stocks.
FreeSeas Inc(NASDAQ:FREE) enjoyed a $0.124 gain during yesterday’s trading, an increase which moved the stock to a closing price value of $0.744. The stock, which traded within a range of $0.63 to $0.81 during the day, remains substantially closer to its 52 week low of $0.42 than it does to its high of $4.64. The Greece-based company announced Thursday that it had regained compliance with NASDAQ’s minimum stockholders’ equity rule. The stock gained three cents during after-hours trading.
North American Palladium Ltd (USA)(NYSEMKT:PAL) suffered a 3.4% decrease in value during yesterday’s trading as the stock lost $0.009. Finishing the day at a closing price of $0.256, the stock remains $0.924 below its 52 week high of $1.18. One of the two foremost palladium producers in the world, the company has a market capitalization of $100.51 million and a three month average trading volume of 4,411,720. The company saw its value increase by 1.56% during after-hours trading.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
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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