The big winner today in the penny stock universe was Healthuniverse inc (OTCMKTS:HLUN) closing the day at .014 up .0139 or an amazing 13,900%. The stock did print at .0001 early in the session before hitting a high as .0269 so some traders were able to bank a few bucks. So what has investors all fired up about this one?
Looking around for clues as to what drove this up, there wasn’t anything to find.
According to OTC markets the company description says HEALTHeUNIVERSE, Inc. is a biotechnology development firm specializing in the development and commercialization of Biopharmaceutical and Biomedical products. We develop and provide early stage project initiation, financing, product commercialization and development of patented and proprietary biopharmaceutical, biomedical, nutraceutical, and cosmeceutical products.
It also appears the company hasnt filed any type of financials ever or at least for a decade or more. There is a stop sign warning investors that the company is a pink with no information.
If you go to the company website, it’s for sale so that doesn’t look so promising.
Now we all know that these sub pennies and trip zero stocks sometimes move on air. A little bit of buying comes in, the stock ends up on scans and it’s off to the races. There is certainly money to be made if you are one of the early ones to the party.
We will keep our eye on this one to see if anything happens soon. Maybe the company becomes current in its filings or finds the next best company to merge with. Only time will tell whether buyers today are stock picking masters or on the receiving end of a bad April fools day joke.