This morning shares of penny stock TPT Global Tech Inc. (OTCMKTS: TPTW) are rallying over 40% so far today on massive volume. The stock has done over 71 million shares of trading volume and only has a trading float of 734 million shares. It is one of the most actively traded stocks today on the US OTC market, although it has been rising now for a week as you can see from this chart.
The stock only has a market cap of 7 million US dollars. The company is made up of a growing group of companies that focus on hardware development and content generation for domestic and international syndication on our proprietary network. It announced in April that it had “launched a new Medical Technology and Supply Division TPT MedTech LLC which will focus on Medical Software as a Service (SaaS) products and PPE supply products. Offering 4G/5G Telecommunications services, delivering Medical Media Content and Teleconferencing services over our proprietary Social Media and Mobile TV platform to the Medical industry is a nature migration for TPT Global Tech “Internet of Things” product roll out strategy.” That brought some interest in the stock, but then this weekend the company put out this tweet:
Updates will be announced very soon as we make headway on new partnerships and developments we look forward to updating our shareholders . $tptw
— TPT GLOBAL TECH (@TechTpt) May 29, 2020
That drove small cap traders into the stock in wonder of what could be happening next and more tweets from others.
$TPTW we only go up from here. $1+ coming this week. Heavy news coming. This is real, this is the next global company. The future is here. Lets go people! โกโกโก๐ฐ๐ฐ๐ฐโกโกโก
— Robert (@_RobertMichael_) May 31, 2020
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$TPTW beautiful continuation today I'm looking for .02 – .03 minimum here. .0069 nhod up right now. Setups just like this one have worked great for me in the past ๐$TLSS $INQD $VRUS $MARK $ALPP $OZSC $GTEH $ZHUD https://t.co/tJwch1lMZJ pic.twitter.com/PH54e9XHnt
— ThrowinShapes (@ThrowinTrades) May 29, 2020
I heard $TPTW will run over .09-.20 soon.
— SwordTrading (@SwordTrading) May 30, 2020
I don’t know what the news will be or if there will be any news. This seems like a very speculative situation. I like to buy small cap stocks, but I prefer ones that already have a solid revenue stream. My top stock pick for this month is one that does and is rising today too. Find out about it by clicking here.
-Mike
