June 19, 2017 – By Migdalia James
Penny stock shareholders are becoming inquisitive about GROWLIFE INCORPORATED (OTCMKTS:PHOT), following the fact that the share price has moved $0.0013, reaching the $0.0196 price level in a recent trade.
A big benefit of investing in small-cap shares is that there is a prospect to outpace the institutional investors. In addition, mutual funds have limits controlling their power to purchase large lots of any one firm’s outstanding shares.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, GROWLIFE INCORPORATED’s stock was big mover. According to the short interest report published recently, (PHOT) had 14,100 shorted shares for 0 days to cover. The prior short interest was 600 for a $2250.00 change. The 52-Week High and Low are noted here. -2.00 % (High), Infinity, (Low). The stock had 55.95M average volume.
Is stock price of GROWLIFE INCORPORATED Set to Getaway to Their Potential? Register for Our Newsletter and Know the Inside Scoop!
As seen in stock market, the first point in investing in penny shares is to earn money. A popular trait of penny shares is that they move quickly and are extremely volatile. Penny shares are mainly stocks of small cap firms that can be open to change in industry conditions and stock market sentiments. Though penny shares are generally stated to be dicey, a trader can make massive amount of money in a short period of time, as against bigger, so-named ‘blue chip’ shares and mutual funds, which need a long-term plan.
Needless to state, investing in penny stock is not a right choice for the risk-averse, and only non-essential disposable income or ‘play money’ should be put in penny stocks. In no way are these stocks termed as the conservative investments and