Is it just me or are we in a very funny period where only 1-4c Penny Stocks run?
I am so sick and tired of the market selling good fundamentally undervalued companies which release good news and results,
Yet will happily run to crazy levels penny stocks
Here are the penny stocks I have observed running like crazy, some actually do have fundamentals and thus a re-rating was warranted, but in most cases the re-rating was unreasonable or not warranted in the first place.
FDL ran from 1c - 15c (Iron Ore target near FMG)
HAO ran from 3c - 40c (Acquired Iron ore grounds)
GDA ran from 1.5c - 6c (Placement/SPP + Iron Ore projects)
GNL gapped up from 3c - 8.5c (Iron Ore projects)
EGO ran from 0.7c - 6c (few months back based on leverage to oil well)
BMO ran from 2c - 6c (Gold targets)
RSL ran from 1.5c - 3.5c (Uranium grounds)
ORO ran from 2c - 4c (Nickel?? Gold?? Not sure)
RCH ran from 0.6c - 5c (Not sure ?????)
RAU ran from 2c - 28c (rerating based on Cu/Au deposits)
So the big question is what will be next?
The clear theme I see here is a cheap mkt cap/price ie 1c-3c with the bigger gains being seen in the Fe Iron ore specs