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Penny Stocks High Volume: (OTC:PSON), (Pink:MJNA)


New York, NY -- (ReleaseWire) -- 04/11/2013 --Petrosonic Energy Inc. (OTC:PSON) is trading in the range of $0.90 and $1.03 during its latest trading session. The stock recorded the volume of 972,682 shares, significantly higher than its average daily trading volume of 674,858 shares. Its downward movement accompanied by high volume shows bearish trend, which is further confirmed by its MACD and EMA charts. The stock opened at $0.98 and is at $0.904, down 9.60 percent from its previous close of $1.00. It is currently trading below its 20 days SMA of 0.93, confirming its bearish trend.

Petrosonic Energy reported inking a new master toll services agreement.

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Medical Marijuana Inc. (Pink:MJNA) shows bullish trend as the stock made a sharp movement in its latest trading session. It opened the session at $0.23 and remained in $0.23 and $0.27 price range during the session. The stock is 17.39 percent higher at $0.27. Medical Marijuana has traded 5.20 million shares so far, while its usual trading volume stands at 6.65 million. The company commands market capitalization of $218.22 million.

Medical Marijuana is trading up as it reported $5.52 million in net income for its first quarter. The company’s revenue stood at $8.45 million.

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