Top OTC Volume Stocks-Tuesday Review: World MotoInc., AMR Corp, AVTInc., Amarantus Biosciences, Mediswipe, Inc.
18 Dec, 2012, 13:31 GMT
LONDON, December 18, 2012 /PRNewswire/ --
- Top Five Stocks Volume Trading Review: World Moto, Inc. (OTC: FARE), AMR Corp (OTC: AAMRQ), AVT Inc. (OTC: AVTC), Amarantus Biosciences (OTC: AMBS), Mediswipe, Inc. (OTC: MWIP).
World Moto, Inc. (OTC: FARE) finished well into green territory with heavy trading on Wall Street in yesterday's trading session. FARE finished higher by 71.5% with $16.6 million traded, on an extremely heavily traded 145 million shares. The volume of the remainder of the 'Top Five' volume stocks we selected didn't even trade as much as FARE all combined. We will continue to track FARE all week to see if it can hold these gains and possibly build on them going forward. World Moto, Inc. (FARE) did release news after the close yesterday regarding the company's corporate strategy.
AMR Corp (OTC: AAMRQ) was up another 8% in yesterday's trading. Since we have been following the troubled company for a week or two now it has doubled, just goes to show you it's sometimes about the trading and volume and not what's in the headlines. AAMRQ traded heavily also on the OTC in the amount of $7 million on the day.
AVT, Inc. (OTC: AVTC) is now trading above $5.00 per share, we started following this stock at the beginning of the month when it was at $1.00, when the volume was just into the six figure region. AVTC is now trading multiple millions every day and higher by over 400% since originally reporting on this name. In yesterday's trading session AVTC was higher by 25% on $2.2 million traded.
Amarantus Biosciences (OTC: AMBS) was back on the volume watch list today after closing yesterday higher by 31% on over $1 million traded. AMBS went off the radar last week after the volume dried up and the stock traded lower. It remains to be seen if yesterday's move was all trading, or if this is the start of a move higher in the stock, the volume was just over $1 million in Monday's session in the OTC marketplace.
Mediswipe, Inc. (OTC: MWIP) was a brand new name on the volume focus list yesterday. MWIP traded higher by an impressive 50% on just under $1 million traded. We will watch MWIP through the trading day to see if these gains can be held on to, and if the volume can follow through higher in trading today.
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The volume, although still light for this time of the year on the OTCQB market this week seems to be picking up in the last full trading week of the year.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage today; we will be back to you on Wednesday with our look at the OTC markets.
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