Penny Stock VPIG has a history of highly explosive moves!
Virtual Piggy, Inc. (OTC: VPIG) has been making a highly explosive move up in recent weeks from a start point of around $1 to recent highs over $2. Smart investors are waiting for a break over $2.50 previous highs signifying monster move ahead.
VPIG is a stock with a history of highly explosive moves; back in early 2012 the stock ran from $0.50 to $2.50 per share so when this one heats up investors need to take notice.
According to a recent press release Virtual Piggy, Inc. is the first e-commerce solution that enables U18's to manage and spend money within parental controls. It enables parents to teach financial management through the use secure family wallet that is available online or via mobile and is always 100% free to use.
The technology company delivers online security platforms designed for the Under 18 age group in the global online market, and also enables online businesses the ability to function in a manner consistent with the Children's Online Privacy Protection Act ("COPPA") and similar international children's privacy laws.
On April 29 VPIG announced that the company has seen 100,000 new active users sign-up for the Virtual Piggy youth wallet solution since March.
"We are excited to see this rapid uptake of our product," said Virtual Piggy Founder and CEO Dr. Jo Webber. "Along with the new users, we are gaining valuable insight into how our consumers are using our technology and getting great ideas for improvement. So far, we can see that the majority of our U18 users are using their mobile devices to access Virtual Piggy and to make purchases. This contrasts against the parents who are more likely to access Virtual Piggy using their laptops or tablets. With the help of this data, our product continues to evolve to meet the needs of our users."
Conclusion: VPIG seems to be growing at a rapid rate however the Company has yet to book any significant revenues. While the stock continues to trade strong the Company lacks the fundamentals to back up a $200 million plus market valuation. Technically VPIG looks good; a break over $2.50 would signify much more coming.
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Virtual Piggy, Inc. (OTC: VPIG) was incorporated in the state of Delaware on February 11, 2008 as Moggle, Inc. They changed their name to Virtual Piggy, Inc. on September 9, 2011
Formerly=Moggle, Inc. until 9-2011
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