When most think about penny stocks, how many will think of foreign markets? Well, a lot to be honest and this week in Germany, there are 3 penny stocks we’ve watched hit fresh highs.
When most think about penny stocks, how many will think of foreign markets? Well, a lot to be honest and this week in Germany, there are 3 penny stocks we’ve watched hit fresh highs. The German stock market contains well-known exchanges like the XETRA Stock Market, the Börse Stuttgart, which is also known as the Stuttgart Stock Exchange and the Frankfurter Wertpapierbörse FWB® or the Frankfurt Stock Exchange. So which German penny stocks are trending higher this week?
Why Is This Penny Stock Up So High This Week?
Not to be confused with the US trading symbol for Target, 11880 Solutions (TGT.DE) focuses on providing telephone directory assistance services to private and business customers.
The company’s Digital segment receives revenue from advertising on its platforms and websites. 11880 also offers digital marketing services focusing on Google AdWords, Google My Business, social media outlets and corporate profiles on platforms. It also offers tools and market analyses, in addition to software for data, address and network management. This week the company published articles related to voting rights. Though most details on the event are sparse, it was enough to see momentum build for this penny stock.
Beginning on March 19, 2019, shares of TGT.DE began to make a bigger move north. A look at its stock chart will show that volume also began to build over the last 5 day period. At that time just prior to the breakout move, 11880 was trading around 0.98. As of March 26, shares have managed to see highs of 1.45 with some of its highest trading volume seen within the last 12 months.