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Investor Ideas Snapshot for OTCBB Top Traders; (GOFF), (FNMA), (FMCC)
Category: Investment
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Point Roberts, WA - March 18, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top trading stocks on the OTCBB for March 18th, 2013.
Goff Corp., (OTCBB:GOFF) trading at $0.28 gained $0.15 or 115.38% on a high volume of 224,010,000 shares, making it today's top trading stocks as well as one of the top percentage gainers on the OTCBB.
Goff Corporation through its wholly owned subsidiary Golden Glory Resources S.A., has acquired 100% interest in mineral leases in the Aguadas, Department of Caldas, Colombia area -- a region well known for multiple gold discoveries within the past several years as Colombia has opened its doors to global mining interest.
The leases on LGC15011 or known the "La Frontera Prospect" are comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Colombia's northern region. The leases were acquired 100% from a Colombian mining company.
Federal National Mortgage Association (OTCBB:FNMA) trading at $0.5576 rose by $0.1579 or 39.50% on a volume of 32,480,000 shares.
Federal Home Load Mortgage Corporation (OTCBB:FMCC) trading at $0.563 went up $0.1568 or 38.60% on a volume of 15,200,000 shares.
Mortgage investment stocks rose today on the news that Freddie Mac, the No. 2 U.S. home funding company, announced it sold $3 billion of reference bills at lower rates and mixed demand compared with last week's sale of similar maturities.
Freddie Mac said it sold $1.5 billion of three-month bills, due June 17, 2013, at a 0.107 percent rate, down from the 0.113 percent rate for its sale of $1.5 billion three-month bills on March 11.
The company sold $1.5 billion of six-month bills, due Sept. 16, 2013, at a 0.130 percent rate, down from a 0.137 percent rate for $1.5 billion six-month bills sold last week.
Demand for the three-month bills was lower, with a bid-to-cover ratio of 4.72, down from the 5.05 ratio for the three-month bills sold March 11. Demand for the six-month bills was up, at 4.75 compared with 4.28 for six-month bills sold a week ago.
As well, Fannie Mae will also be announcing a large sale of bills later in the week.
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