Penny Stocks To Buy [or Sell] #2: Vislink Technologies Inc.
Vislink Technologies Inc. (VISL – Download Report) extended gains on March 3. It was one of the penny stocks battling back from 52-week lows this year. In fact, we wrote about how VISL stock reached new lows back in early-February. Obviously that wasn’t the end of the slide either. On Feb. 27, the penny stock inked new lows of $0.15 but since then it has been nothing but going up. Shares reached highs of $0.225 on March 2 and came within striking distance of that high on the 3rd.
Since hitting those lows, the company has been zeroed in on business development it would seem. It appointed a new CFO and further closed a contract with a Government Agency in the Middle East & North Africa (MENA). The deal itself is valued at $400k and helped bring some bullish sentiment back to the beaten-down penny stock.
There wasn’t much of a follow up as far as additional opportunities go. Sometimes companies will outline next steps after “this deal.” But not in this case. Regardless, it was enough to see VISL stock jump at the start of the month. Will it continue into the rest of March?
