BizRocket.com Inc. Stock Rockets, Doubles in Price with Volume at 54 Times Above Average (BZRT)

BizRocket.com (OTC: BZRT) staged an impressive rally today, more than doubling its stock price from close of business yesterday. The stock opened at $0.025 and was at $0.04 at closing time, posting a 110% increase from its closing price of $0.019 yesterday. In the past 52 weeks, the stock price has ranged from $0.016 to $0.55. The price was at its highest point of $0.55 for several days in May 2012. The stock then dipped quickly and has been up and down since then.

What’s even more astronomical is the sharp rise in the amount of volume. The average volume for BizRocket is 310,562 shares, but you would never know that by looking at data from the past several months. The company has had many days with zero shares traded and many others with share volume in the low hundreds. However, share volume has been sharply increasing since June 25, 2012. The volume was at 202 shares on that day, then climbed to 25,278 shares the next day and kept increasing to 63,765 shares. Yesterday’s share volume exploded into the millions, at 12,757,523 shares, and today the volume hit 16,845,200 shares.

The increase in share volume is on the heels of yesterday’s news announcing BizRocket’s partnership with ViralPwnage.com. BizRocket is known for KidzRocket.com, a safe and friendly website that allows children to play online games, watch videos and chat with members. ViralPwnage.com is an international site also dedicated to online gaming for children. The site serves 15 million members under the age of 17. KidzRocket has been touted as a FaceBook for children. The company, based in Coral Springs, Florida, is also known for developing parental control techniques for the Internet and helps prevent cyber bullying, identity theft, predators and other threats that children experience online.

The company has an estimated net worth of $3 billion, and that number is quickly growing. The partnership is expected to earn BizRocket up to an additional $18,000 per month. Forecasted total revenue is expected to reach $32 million in the next 18 months, with revenues the following fiscal year to potentially reach $42 million. Additional Internet applications are also in the works, which could increase revenue even more.

BizRocket stock was heavily touted as a top penny stock pick from May to July 2011, when it boasted increases of more than 400%. Considered to be the next big social network pick, hopefully BizRocket won’t end up being a dud like Facebook.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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