Investor Alley Inc.

Mid-Day Update on Most Active Penny Stocks: (OTCQX: ONVO), (OTCPINK: MJNA)


New York, NY -- (ReleaseWire) -- 01/31/2013 --Organovo Holdings Inc. (OTCQX: ONVO) is trading in the range of $3.80 and $4.20 during its latest trading session. The stock recorded the volume of 1.239 million shares, significantly higher than its average daily trading volume of 831k shares. Its down move accompanied by high volume shows mildly bearish trend, which is further confirmed by its MACD and EMA charts. The stock opened at $4.20 and is at $3.89, down 8.90 percent from its previous close of $4.27.

The company announced its new collaboration with Knight Cancer Institute of Oregon Health & Science University. Organovo Holdings will work towards developing three dimensional cancer models.

Find out how this announcement could benefit ONVO here:

Medical Marijuana Inc. (OTCPINK: MJNA) shows bullish trend as the stock made a sharp movement in its latest trading session. It opened the session at $0.18 and remained in $0.1740 and $0.2020 price range during the session. The stock is 13.14 percent higher at $0.20. Medical Marijuana’s first support level is at $0.16. Upon breaching this level, the stock may go as low as $0.15. On the upside, its first resistance level is at $0.21.

Medical Marijuana reported its fourth quarter revenue at $5.10 million, while its net income for the quarter stood at $3.39 million.

Find out more on MJNA by getting the free full report here:

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