Most investors eventually want to hit a home run when it comes to penny stock investing, and if it was easy, everyone would do it. For a select group of lucky investors, that's just what happened this morning as shares of this micro cap traded up to +542% at session highs.
KinerjaPay Corp. (OTC:KPAY) engages in e-commerce business providing electronic payment services to its customers. Its products portfolio includes Electronic Payment Service that provides a secure method to consumers and merchants to pay and transfer money using electronic devices and Virtual Marketplace. The groups Electronic Payment Services allows its consumers to pay utility bills, phone bills, credit card payments and add credit to their cell phone accounts.
Today, the company announced that it signed a new Indonesian bituminous coal contract with a Chia Construction Investment Group (Ningbo) for a contract to supply up to 2,000,000 MT within the next 12 months. The deal is said to be worth $103 million in revenue per year, which for a company with a market cap of just a few million, is exciting news. Traders seemed to agree, as shares traded up to $.0045/share (+542%) following the news.
