SMM Watching: Penny Stock Hemp Inc.

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Friday was a slow day for the Hemp giant, Perlowin’s HEMP, Inc. (OTC:HEMP), for most of the day until about 3:15 P.M., EST when traders decided to take the stock for ride, closing the day up +11.15% a share, to close the day at .0339 cents/share up +.0034. Investors and traders have been eagerly watching and waiting the highly anticipated 2015 Pot Stock Rally. Most recently, we’ve been THCZ log crazy gains going from under a penny to .047 cents, all within the past three weeks. You do the math.

PHOT is another one we’ve been seeing with some unusual percentage gains at times during intraday. ERBB most recently touched its 52-week low of .0101 on 02/18/2015. Since then, ERBB now rests at .0114 with heavy pressure to the upside as investors are looking to play. Pot Stock Plays are looking $exy and Investors want in. The industry is heating up and dollar bills are booming. CEO’s are talking and the public is in a feeding frenzy for the natural plant. Businessmen are loving gains and investors are loving the green (no pun intended).

The stock is sitting on a 52-week range of (.023-.159) The 52-week low was tagged on 10/16/2014 and the 52-high was nailed on 02/24/2014. Time for a nice run? The stock marks 10-day average volume of 8.0M shares per session and also has a 22-day volume average of 8.42M shares per session. Last session, HEMP flipped 9.66M shares. The stock currently has 2.67B shares outstanding and a market cap. of 91M. According to Perlowin last night on PotStockRadio’s exclusive interview, the company has greener pastures ahead.

Here’s a look at some HEMP Charts (5-day, 1 month, 6 month, 1 year, and 30 month)



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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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