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NTWK, GV – Hot Penny Stocks

A.J. Watkinson April 9, 2012 Hot Penny Stocks No Comments
NTWK, GV – Hot Penny Stocks

Hot Penny Stocks are all about volume.  Big Volume!

We’ll cover a couple of penny stocks that are moving right now on high volume… either up, or down.  In addition, you’ll leave knowing why there’s such a big move.

And telling you what and why is barely worth your time.  So we’ll give you our recommendation as to where the stock is headed next.

This week’s Hot Penny Stocks are: NetSol Technologies (NTWK), and Goldfield (GV)

NetSol Technologies (NTWK)

NetSol is a US-based, worldwide provider of IT services and enterprise solutions for leasing and finance, health care technology, insurance, and e-Procurement.  The company delivers solutions and services that address the operational needs of its clients, enabling them to streamline operations and compete more effectively.

On Friday March 02, over 9.7 million shares of NTWK were traded.  The 3 month average daily volume is only 432,238.

So why the surge in volume?

NetSol announced the pricing of a public offering of 14.5 million shares of its common stock.  NTWK shares were offered at a price to the public of $0.40 per share, delivering gross proceeds of $5,800,000.  The company plans on using this money for debt restructuring, as well as product development.

As a result, shares fell by $0.11 to trade at $0.39 on the news…

The verdict?

NetSol is definitely a gamble at this point.  When a company dumps that many shares into the open market, current share holders get whacked.  And that’s something you don’t want to see happen again.  On the other hand, shares of NTWK may test its 52-week low of $0.35 and rebound higher.   And with shares trading at fair valuation right now, it may be worth the risk.

 

Goldfield (GV)

Goldfield is a leading provider of electrical construction and maintenance services in the energy infrastructure industry in the Southeast United States. The company specializes in installing and maintaining electrical transmission lines for a wide range of electric utilities.

Over 1.2 million shares of GV traded hands on March 02.  That’s a huge jump from the 3 month average of just 66,241 shares.

So why the big volume?

Goldfield has been selected as prime contractor by South Texas Electric Cooperative, Inc. (“STEC”) to build the new Bakersfield to Big Hill 345kV Transmission Line.  The project is a Competitive Renewable Energy Zone (CREZ) Project.  The project is required to be completed by July 31, 2013.

Goldfield estimates that the revenue to be recognized over the life of the project is approximately $52 million.

The Verdict?

Put GV on your buy list.  This small company is growing revenue and earnings at a double digit pace.  They’re also set to turn a profit in 2012.  With share prices breaking out to new highs, now looks like the perfect time to buy.

 

Keeping you one step ahead,

A.J. Watkinson

 

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About The Author

A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of the "rat race", landing in North Scottsdale, Arizona. During the past few years, he's worked as the editor of a number of high profile financial newsletters. In this role, he's run trading services for penny stocks, options, currencies, ETFs, and FOREX. While under his direction, each of these trading services had turned in positive performance... something very rare in the financial newsletter industry. In addition, he's been a regular contributor to a number of financial websites- writing under multiple pen names. A.J.'s current goal is to share his real world experiences and success (and failures) in the various financial markets to help others not only make money- but avoid losing it. It's this vision and passion that has led A.J. to launch pennystockreporting.com. Most of all, A.J. hopes to keep the little guy from getting caught up in the highly unscrupulous penny stock pump and dump scene.

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