Fernhill Corp (FERN) Stock Gains Momentum: What Next?
Micro cap stocks have a special place in the markets due to the considerable gains that they can generate despite the volatility and one of the micro cap stocks that could be worth tracking at this point is that of Fernhill Corp (OTCMKTS:FERN). On Friday, the stock was in the middle of a rollicking rally and went up by 25%.
That rally took the gains generated by Fernhill to as much as 88% for the entire week. The stock made a spectacular move up the charts and that was also complemented with considerable trading volume.
One of the major reasons behind the high trading volume in the stock lies in the fact that Fernhill has been identified as a potential play by some of the bigger players in the penny stock space. In addition to that, it has also become one of the most popular stocks online and currently remains one of the most searched stocks.
Moreover, there is a lot of talk about the stock in forums and that is another reason behind the popularity of the Fernhill stock in the past few days. Investors could do well to keep the stock in their watch lists and watch the price action closely.
Market Reaction:
On Friday, FERN stock surged 24.34% at $0.0235 with more than 164.16 million shares, compared to its average volume of 71.39 million shares. The stock has moved within a range of $0.0198 – 0.0246 after opening the trade at $0.0200. Over the past 52-week, the stock has been trading within a range of $0.0003 – 0.0246.
