OTC Daily Trading News: Windstream Technologies Inc. Inc. Nokia Corp, Cannavest Corp, Lithium Exploration Group, Inc. Marina Biotech, Inc. VenTech Corp.
LONDON, August 21, 2014 /PRNewswire/ --
Windstream Technologies (WSTI) is having its most significant run since last month as shares continue to climb off the bottom, higher by 16% in trading on Wednesday. If Windstream continues to trade up to the $0.75 level then it could trade back to the $1.00 level it was at last month. For the latest commentary on Windstream Technologies please click here.
Nokia Corp (NOKBF) traded higher once again following a shakeup in the companies map division. With the 52 week high of $8.35 now in sight shares in Nokia could be in for a solid quarter ahead. This recent upside run started on August 18th with the stock finishing in the green every day since. With price targets as high as $11.00 on the street it's no wonder volume has increased over the last trading week.
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After seeing its share price get taken apart over the last month in particular shares in Cannavest (CANV) continued to recover on the upside as the stock closed up by 3.5%. After closing in the green almost every day since August 12th we could be about to witness a large short cover rally. Considering where the stock has come down from t wouldn't be surprising to see shares move to $5.00 quickly if that turns out to be the case.
Lithium Exploration Group (LEXG) bounced off a recent low in Wednesday's trading to finish the day higher by 6%, but more interestingly on three times the normal daily volume. Shares were higher during the session and traders will be looking for a sustained move if the volume remains high.
Marina Biotech (MRNA) was one of the big leaders in what was a sea of red in OTC trading yesterday across the board. Shares in Marina Biotech managed to hit a new recent high on heavy volume as the stock continues its recent upside run. The company finished higher by 34% at $0.845.
Ventech Corp (VTEQ) saw its share price cut in half in a heavily traded day for the company. The question remains has it been oversold and will see a trading recovery in shares once the OTC markets open today. The move did represent a new low for shares in Ventech and bottom pickers will be taking a look for a short term move higher. Volume was more than 10 million shares which are considerably higher than the daily average.
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