Synthesis Energy Systems, Inc. Closes Up 18.09% by Market Close; SYMX Tuesday, 06 April 2010 20:03 Synthesis Energy Systems, Inc., (SYMX) moved 18.09% today which may indicate a breakout to the upside. This stock is considered a penny stock by traders because it is priced at less than $5 a share. Penny stocks, like Synthesis Energy Systems, Inc., (SYMX) are interesting because price breakouts can turn into very large rallies on a percentage basis over the short term.
Synthesis Energy Systems, Inc., (SYMX) competes in the Specialty Chemicals, industry with larger firms like Methanex Corp., (MEOH) and Cytec Industries Inc., (CYT). We would normally expect Synthesis Energy Systems, Inc., (SYMX) to be much more volatile than its industry as a whole which makes a comparison to other firms in the group difficult.
CWK Price at posting:
44.3¢ Sentiment: Hold Disclosure: Held
