Micro cap stocks may be best known for their volatility but at the same time, it cannot be denied that these stocks can also deliver considerable gains in a short period. One of the micro cap stocks that investors could watch closely at this point is that of Gold Entertainment Group (OTCMKTS:GEGP).
Market Action:
On Friday, GEGP stock moved up 20.69% at $0.0018 with more than 82.53 million shares, compared to its average volume of 102.74 million shares. The stock has moved within a range of $0.0014 – 0.0018 after opening the trade at $0.0014.
What You Need To Know
This past Friday, the stock managed to make a strong recovery and soared by as much as 20% amidst heavy trading. In this regard, it is perhaps also necessary to keep in mind that the stock is still down by as much as 30% in the past week.
However, investors need to remember that in recent days the stock has managed to get considerable attention from investors and prior to the slump, it had been making a steady upward move.
In addition to regular small cap investors, the Gold Game Entertainment group had also managed to garner attention from some of the biggest players in the small cap space as well. While the stock is being accumulated heavily, many experts also believe that Gold Game Entertainment could also end up treading a similar path as Enzolytics and Tesoro, both of which had generated significant gains earlier on in the year.
Traders Note
GEGP stock is trading above the 50-Day and 200-Day Moving averages of $0.0013 and $0.0010 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0020. The stock is up 64% in the past month.
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