Curious penny stock investors may become interested Samson Oil & Gas Limited SSN), due in large part because the stock has moved 1.28%, reaching a price of $0.80 following a recent trading session.
A big advantage of investing in small-cap stocks is that there is an opportunity to beat the institutional investors. Mutual funds have restrictions limiting their power to buy up large portions of any one company’s outstanding shares. The stock is 5.17% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of 9.45% from current levels. Further back, their 200-Day Simple Moving Average is 12.13% difference from today’s price. As we stand today, the stock is -8.73% from its 50-Day High and 19.42% from the 50-day low.
Samson Oil & Gas Limited’s stock has performed at 99.90%. Breaking that down further, it has performed -4.70% for the week, 6.90% for the month, 11.27% over the last quarter, -26.17% for the past half-year and 36.21% for this last year.
As with any stock market transaction, the first step in investing in penny stocks is to get money. One of the most significant traits of penny stocks is that they are extremely volatile and move very quickly. Penny stocks are primarily stocks of small cap companies that can be vulnerable to stock market sentiments and industry changes.
Though penny stocks are generally considered to be risky, a trader can make a huge amount of money with them in a short period of time, as opposed to bigger, so-called “blue chip” stocks and mutual funds, which require a long-term approach.
Needless to say, penny stock investing is not for the weak of heart, and only “play money” or non-essential disposible income should be invested in this kind of market.
In no way are penny stocks considered to be conservative investments and people who play them must be willing and able to take risks with their investment money. Penny stock investers must be prepared to lose their entire investment sometimes. Penny stocks move fast in both directions, including massive upticks or downticks in a matter of hours or less.
SSN Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
SSN), due in large part because the stock has moved 1.28%, reaching a price of $0.80 following a recent trading session.
