You could almost set your clock to it. There is at least one big penny stock to make a big move each day. The list of penny stocks that make these moves can be long and some are shorter. But the idea remains: Penny Stocks aren’t going anywhere anytime soon. With this as the case, here’s a list of 3 penny stocks that are making some of the biggest moves in the market today:
Penny Stock #3: Vital Therapies (VTL)
PennyStocks.com first started seeing this penny stock pop up on the Top 4 Biotech Penny Stocks Trading Higher On April 5, 2019. And earlier this week it secured a place on the Top 4 Penny Stocks On Robinhood for April 8, 2019. Today Vital Therapies (VTL Report) is one of the top penny stocks to watch on April 11.
Why are Vital Therapies (VTL) Shares Moving Higher Today?
Most likely it has a lot to do with the company’s latest quarterly filing. Specifically, the fact that it did so earlier than usual has been a high sign for its recently announced deal with Immunic AG. Shareholders approved this deal earlier this month with the resulting, new stock symbol becoming “IMUX.”
Penny Stock #2: China Bat Group, Inc. (GLG)
The China-based penny stock, China Bat (GLG Report) jumped after post-market news on April 10. The company itself is a car rental company that provides luxury cars to its customers in China. The main brand is “BatCar” and uses a digital transaction process to provide a high tech rental experience.
Why Did China Bat Group (GLG) Stock Move Higher Today?
As we said, the aftermarket news yesterday helped propel interest in this company. The company annouanced a deal with Liten Group Co. This is a company that specializes in high-end auto retail. They also have something called the Dream Factory; a “theme park for automoviles.” Needless to say, the stock has jumped as high as $4 from a previous close of $2.03; not bad.
Penny Stock #1: Future FinTech (FTFT)
Rounding out the list of penny stocks moving up today, Future FinTech (FTFT Report) has exploded. The company announced a new subsidiary today. They call it Chain Cloud Mall Logistics Center Co., Ltd. Chain Cloud is a subsidiary that is wholly owned by Chain Cloud Mall Network Technology Co.
If you’re new to this story and wondering how this all fits together, keep reading. Future FinTech established Chain Cloud Mall earlier this month. The focus of this particular subsidiary is to offer the operation and technical support for its Chain Cloud Mall; a global shopping mall.
“Since the official launch on January 22, 2019, Chain Cloud Mall has attracted 3294 users globally and generated RMB 40 million of gross merchandise value (GMV, including amount of the orders, amounts deposited by members and transferred among the members) with 1,512 orders in total.”Future FinTech Press Release, April 2, 2019.