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Pre-Market Activity - Top Traded Penny Stocks: GreenWay Technology (PINK:GWYT), Cannabis Science Inc (PINK:CBIS)

 

New York, NY -- (ReleaseWire) -- 11/20/2012 -- One of the most traded penny stocks today, GreenWay technology (PINK:GWYT), gained over 160% compared to the previous trading session on a tremendous volume of 19,862,560. The Stock is however still far from its 52 weeks target of $7.00 which could be a good sign from the upcoming trading sessions.

Today, the company announced the appointments of Quincy Leigh Jaeger as General Counsel and Robert G. Beers as Vice President of Human Resources. Both appointments are effective immediately and will report to Bernard A. Fried, Greenway's President and Chief Executive Officer.

This announcement could be the main reason why GWYT gained so much today and more could be awaiting the stock in the very short term. The only way to find out is by getting the free full report on GWYT here: http://www.wallstreetreport.net/market-scan/?symbol=GWYT

Another gainer on the last trading session was Cannabis Science Inc. (PINK:CBIS). Although the stock didn’t gain as much as GWYT, CBIS still managed to rise by 1,02% on a volume of 13,916,427.

The Company has a working capital deficit of $2,707,106 as of September 30, 2012 compared to a working capital deficit of $2,285,622 for the year that ended December 31, 2011. There are insufficient liquid assets to meet current liabilities or sustain operations through 2012 and beyond and the Company must raise additional capital to cover the working capital deficit. Management is working on plans to raise additional capital through private placements and lending facilities and is currently relying on continuing loans from stockholders to meet its obligations and sustain operations.

Find out if CBIS could pick up steam in the upcoming trading sessions and if not when could be the best moment to trade it by reading the full trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=CBIS

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