SKGP_chart.pngIs Smart Kids Group, Inc. (OTC:SKGP) the next 5-10 bagger in pennystockland? This is the question all traders have been asking after seeing what SKGP did on the last two trading sessions. So far, the answer is quite a positive one.

Yesterday, SKGP went up a staggering 656% in value, closing at $0.32 per share. For the record, it had opened that same session at $0.06. A total of 376 thousand shares changed hands, which indicated that investors’ interest in SKGP had hardly faded following the company’s market run the day before. The latter marked a 285% value appreciation and a record-breaking turnover of approx. 597 thousand.

As it is, SKGP’s total chart reign came hard on the heels of the official press release dated Feb. 7 which served to announce the company’s acquisition by the WMX Group, Inc. The transaction is expected to make SKGP’s products available worldwide.

SKGP_logo.jpgAs suggested by its name, Smart Kids Group, Inc. specializes in developing, distributing and licensing high-quality digital media aimed at entertaining and teaching kids about health and safety issues.

SKGP performed a 1-for-100 reverse stock split effective from Dec. 12, 2011. According to the company’s latest 10-Q form, it finished the third calendar quarter of 2011 with:

  • $1,739 in cash;
  • working capital deficit of $340K;
  • net quarterly loss in excess of $190 thousand and an aggregate net loss of $3.48 million incurred since inception in February, 2003.