Penny Stock on Watch: Atrinsic Inc. (ATRN) continues its Rise 13.68% on Friday
Shares of Atrinsic Inc. (PINK: ATRN), a marketer of direct-to-consumer subscription products and an Internet search-marketing agency, rose sharply in Friday’s trading session. The penny stock of Atrinsic ended the day 13.68% higher at $0.300, with volume up from daily average of 23.04 million to 31.08 million.
Atrinsic said in a filing last month that it completed the sale of certain short codes, domain names, trademarks and databases used in its subscription businesses to Mkono Media Corp. The sale was completed pursuant to an asset purchase agreement signed between the two companies on December 28, 2011.
The sale resulted in net cash proceeds of $615,000 to Atrinsic.
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Posted by Ken Bosket
on Tuesday, February 21st, 2012. Filed under Internet, Technology.
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