Terra Energy Resources, Ltd. (OTCMKTS:TRRE) was in special limelight on Monday as the stock continued to jump and extending its weekly jump to 70%. Moreover, the stock almost reached near to its new high in the previous trading session.
TRRE stock closed higher by 22% to $0.1099. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 2.02 million shares, compared to its average volume of 47K shares.
So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.
But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The company had a market capitalization of 382k (based on the closing price on June 17, 2021).
|CCI20||223.8216||OverBought||Chaikin Money Flow||1.0000||Buy|
|MACD||0.0070||Buy||Money Flow Index||94.4005||OverBought|
|STOCH (14,3)||59.8599||Sell||STOCH RSI||1.0000||OverBought|