Sentage (NASDAQ:SNTG) stock is rocketing higher on Tuesday despite a lack of news from the financial services company.
There are no new press releases or filings with the Securities and Exchange Commission that explain why shares of SNTG stock are up today. On that same note, no analysts are offering new coverage of the stock today.
Even without any news, shares of SNTG stock are rallying today with heavy trading. That has more than 4 million shares of SNTG changing hands as of the time of this writing. This is already well above its daily average trading volume of about 840,000 shares.
One thing investors will keep in mind is SNTG’s penny stock status. That comes from its low trading price of $2.13 per share and its market capitalization of just $5.975 million.
Why That Matters to SNTG Stock
Being a penny stock opens Sentage up to certain vulnerabilities. That includes more extreme volatility, especially outside of normal trading hours.
Keeping that in mind, investors may want to avoid SNTG stock today. This rally could result in a quick dip once the investors behind it have lost interest in the company’s shares. That could leave some unfortunate investors holding the bag.
SNTG stock is up 85.5% as of Tuesday morning.
Investors searching for more of the latest stock market stories are going to want to stick around!
InvestorPlace is home to all of the latest stock market news worth reading about on Tuesday! That includes the biggest pre-market stock movers this morning, the latest news concerning Apple (NASDAQ:AAPL) stock and more. All of that is ready to go at the following links!
More Tuesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- Dear AAPL Stock Fans, Mark Your Calendars for Jan. 19
- MULN Stock: Mullen Seeks New Department of Energy Grant for Battery Materials
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
