{"id":3704,"date":"2014-01-24T15:11:30","date_gmt":"2014-01-24T15:11:30","guid":{"rendered":"\/?p=3704"},"modified":"2014-01-24T15:11:42","modified_gmt":"2014-01-24T15:11:42","slug":"green-innovations-ltd-otcbbgnin-bounces-after-hitting-new-52-week-low","status":"publish","type":"post","link":"\/articles\/green-innovations-ltd-otcbbgnin-bounces-after-hitting-new-52-week-low\/","title":{"rendered":"Green Innovations Ltd. (OTCBB:GNIN) Bounces After Hitting New 52-Week Low"},"content":{"rendered":"

\"7GNINchart.png\"Traders who have been dealing with pennystocks for the past year will surely remember the name of Green Innovations Ltd. (OTCBB:GNIN<\/a>). The company was one of the major pumps that took place in early 2013. Thanks to all the artificial hype GNIN<\/a> was able to reach share prices above 2 dollars but as all pumps go it wiped all of its gains when the campaign was over. Investors who believed all the email alerts and the report that assigned the company a price target of the ridiculous $5.62 per share suffered tremendous losses. <\/p>\n

For the rest of the year GNIN<\/a> couldn’t find a foothold and continued to drop further and further down the chart culminating in a new 52-week low of $0.068 posted three weeks ago. Since then the stock is making a reversal and is climbing back up again. Yesterday it surged by 46% and returned to price ranges above ten cents when it closed at $0.13. Volume also exploded with nearly 3 million traded shares compared to less than 500 thousand from the previous session.<\/div>\n
Has the company finally managed to regain the trust of investors? Well, not really. With the exception of the paid pumpers almost all of the red flags around them are still there. GNIN<\/a> continues to issue new PR articles about purchase order and new distributorship agreements that contain almost no useful information. Especially when you take a look at their financials which at the end of September were: <\/div>\n
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