Published On: Wed, Aug 21st, 2013

Trading Report For Florida Gaming Corporation (OTCMKTS:FGMG) – 08/21/2013

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Shares of Florida Gaming Corporation (OTCMKTS:FGMG) continue to trade flat in their prices in the OTC markets at levels lesser than $0.50 per share for the past ten months since November, 2012. There had not been much heavier movements in the price trends of this penny stock, though recently there had been huge volume of investors who had been flocking on to these shares. The stock had proved to be of higher attraction to the investors in the recent past, though the reasons for such sudden appeal is quite unknown.

As could be observed from the price charts, the shares of Florida Gaming Corporation (OTCMKTS:FGMG) had touched their peaks at the level of $1.20 per share. However, there had been heavy decline in prices in this penny stock since September 2012 which had plunged the shares to as low as $0.50 per share by October 2012. Since then the stock had been trading at lower level of prices and had not been of much attraction to the investors. The stock had been trading at less than $0.50 per share since November 2012 and this had further declined to lower level of prices since then with the stock not moving above the level of $0.20 per share.

Despite such heavy decline in prices of this penny stock, Florida Gaming Corporation (OTCMKTS:FGMG) had continued to present significant volatility in its shares to be of higher value to the short term traders on the penny stock. However, as the company had not made any move to higher level of prices, it is reported that the stock would continue to stay at lower level of prices in the near future. Investors will have to make cautious moves on this penny stock to effective earn from the high volatility in prices.

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