Penny Stock Rarus Technologies Inc. (RARS) Sinking in a Heavily Traded Session Today’s
The stock of Rarus Technologies Inc. (PINK:RARS) was heavily traded on Friday with a volume of 129 million while its three month average volume is only 4.73 million. During Friday’s trading session, shares of RARS’s opened at $0.28 and closed out at $0.16 with a huge loss of 42.9%. Currently market capitalization of RARS is $68.69M. At last check today, the penny stock is trading 42.34% lower at $0.0911.
Rarus Technologies Inc. is an emerging technology company focused on establishing an innovative business model intended to bridge cutting-edge social media and e-commerce into a marketplace that connects family, friends, consumers, and vendors in new and exciting ways.
Recently the company has announced that they have completed the beta testing of their Zngle Mobile app and have received very good feedback by their test groups. Rarus also announced it has created a subsidiary company Zngle Inc. and filed an iOS Developer Program application with Apple iTunes. Zugle.com is a next-generation social media Web site that incorporates voice and text messaging, video email, and mobile technologies to allow consumers to access real-time information about various products and services through augmented proximity reality search features.
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