Mobilicom (MOB) stock is climbing alongside heavy trading. That’s despite a lack of news from the company. This rally could be due to MOB being a penny stock.
With its penny stock status, MOB is open to extra volatility compared to non-penny stocks. That’s due to how easily retail and day traders can target these stocks for pump and dumps. It could be that’s why the company’s shares are rising today. That also means there’s a danger that a drop will follow today’s rally.