Homeland Security Corporation (OTCMKTS:HSCC) was in special limelight on Monday as the stock witnessed a huge rise in price along with massive volume. Moreover, the stock almost reached to a new high in the previous trading session.
HSCC stock closed higher by a whopping 432% to $0.0165. 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 13.84 million shares, compared to its average volume of 30k shares. The stock had started the session with a minor jump and picked up momentum in late morning trading as the stock went up as much as 2100% to a new 52-week high of $0.0700.
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.
Homeland Security Corporation engages in consulting and implementing security driven technologies that can be deployed in various environments to meet a client’s security or regulatory needs.