Corning Natural Gas Corp. (CNIG.PK)

Corning Natural Gas Corp is headquartered in New York. The company Corning Natural Gas Corp is trading under the symbols CNIG.PK and CNIG.OB on the Pink Sheets and Over the Counter Bulletin Board (OTCBB), respectively. The Pink Sheets is the "bottom of the barrel" on the Wall Street food chain. Don't let their low prices or interesting stories cloud your judgement. When trading Pink Sheets stocks, you are exposing yourself to additional risks which may not be present on better exchanges. Because the shares are quoted on two exchanges, it is possible that this company may have some of the exchange risks on the pink sheets mitigated.

In this small company, 54 employees are working. Considering the number of employees the company appears to be better positioned than most other Pink Sheets companies. In order to evaluate a potential investment in this company, you should carefully consider the size of the workforce.

The share price of the company reached $15.15 on Jan 2, 2009. The company's share price is 18.55 % lower than its 52 week high of $18.60 at the moment. Although this still may be a pennystock by our definition, the share price is at the higher end of the range for a pink sheet company. The stock is hitting new 52 week lows. Counter-trend investors might find this an opportunity to buy some of it. But such an approach may not always be successful. The stock trades at insufficient volume, thereby making it subject to possible market manipulation.