Penny Stocks Traders Should Be Looking Out For: (OTCQB: SVEN) (PINKSHEETS: ONCS)


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OTC:BB:SVEN / PK:ONCS
12/13/2012 [ACCESSWIRE]

New York (December 13th, 2012) - The sell-off in Superior Venture Corp. (OTCQB: SVEN), a company engaged in the business of making films, is continuing in mid-day trading today. SVEN had rallied more than 200% on November 27, however, since the stock has seen a huge sell-off even as the company made some major announcements. 

SVEN is down 27.44% to $0.0275 in mid-day trading today on above average volume of 15.59 million. The stock has fallen nearly 70% in just the last three trading sessions. 

On Wednesday, SVEN had announced that its subsidiary Ilustrato Pictures plans to triple its Chinese film co-development roster over the coming year. However, the news has not had positive impact on the stock. Instead, the stock has continued its downward slide. 

Find out more about SVEN by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=SVEN

OncoSec Medical Inc. (PINKSHEETS: ONCS), an emerging drug-medical device company engaged in the development and commercialization of medical approaches for treatment of solid cancers, is sinking in mid-day trading today after the company announced that it entered into definitive agreements with institutional investors to sell nearly $7.2 million of securities in a registered public offering . 

ONCS will sell a total 28,800,000 shares of its common stock at $0.25 per share. Following the announcement, the stock hit a low of $0.22. At last check, ONCS was down 22.90% to $0.239 on volume of 4.23 million.

ONCS has fallen below $0.275 support level as a result of today’s sell-off. The next support level for the stock is at around $0.22. 

Find out more about ONCS by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=ONCS

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