Unitronix Corporation (UTRX) Stock Surges 1320% This Week: But Why?

Unitronix Corporation (OTCMKTS:UTRX) stock is one of the biggest penny stock gainers this week. The stock is up 92% this morning at $0.71. More than 659K shares have been traded hands, much higher than its 30-day average volume of 73.2K shares.

In fact, the stock has been gaining since Tuesday on unusual volume. Since Tuesday the stock has moved up from 5 cents to 71 cents – that’s a 1320% gain in a matter of 4 trading sessions.

However, one should note that the rally has been driven without any news. So one should be very careful while trading penny stocks as they often move without any news.

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As we all know penny stocks carry immense risk and UTRX may not be an exception. So trade UTRX very carefully.

Unitronix Corporation, a software development and services company, provides knowledge based tools to the mineral exploration industry. It offers PRAXA, which is used to manage sales, distribution, manufacturing, and accounting functions of manufacturing and distribution companies; and GEO-SLEUTH, which automates the early stages of grass roots mineral exploration.

 

 

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.