One of our favorite All Penny Stock Pro features is the Penny Stock Insider that analyzes insider transactions within the penny stock realm. One thing we haven’t broadly discussed (besides a handful of times) is when the company itself decides to purchase shares back in the form of a buyback for its treasury. This is exactly what happened this afternoon as One World Universe (OTCPK:OWUV) announced the completion of a five-million-common-share buyback, and traders couldn’t get their hands on shares fast enough.
One World Universe is a California corporation whose mission driven business is implementing global humanitarian efforts through the profits generated from the sales of products and services to improve people’s lives living in the harshest environments and their communities. The company has contributed valuable resources such as access to (PPE) personal protective equipment, medications, vaccines, and educational support.
Traders were extremely bullish on the news as shares climbed up to $0.4899/share (+24.34%) at the session high following the announcement. This move is a strong continuation of the success this stock has had over the last month.