Global Gaming Network Pulls Back In The Middle Of Rally

As Global Gaming Network (OTC: GBGM) declined 19.05% at yesterday’s over-the-counter trading session, the rally of the penny stock might be on standby. Global Gaming Network has staged a huge rally since the start of 2012 and recently was brought up from under $0.20 to over $0.40 in only a couple of days. Today, the stock closed at a share price of $0.34, with an intraday low of $0.32.

Global Gaming Network was priced at a share price of only $0.02 at the start of 2012.  In the past few months, the stock staged a huge rally along with heavy volume accumulation. Current share prices could be the lowest GBGM trades and investors might be seeing a bounce potential right now; a healthy pull back such as this one might give savvy investors an opportunity to climb aboard.

Global Gaming Network is a company currently developing and distributing digital entertainment and sports information for online and mobile platforms. It owns and operates, the leading independent mobile sports information service in the United States and Canada.

Today, Global Gaming Networks announced that they have developed a multi-channel revenue enhancement blueprint to realize the greatest possible revenues from subscribers to their SportsAlert mobile information service.

Recent headlines of Global Gaming Networks also include:

  • July 11th, 2012:  Global Gaming Network announced today that it had entered into an affiliate arrangement between its North American sports information service and Goldbet GmbH, a leading online gaming operation. Goldbet GmbH is based in Innsbruck, Austria and holds licenses in both Austria and Malta.
  • May 31st, 2012: Global Gaming Network President and CEO Stephen Kern issued an open letter to shareholders today. In this letter Mr. Kern shared the direction GBGM will take to get the most profitable returns with its branded mobile sports alert service,, and its proprietary mobile messaging technology.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.