"4 times higher is nothing in penny land. High risk means high reward...
I have seen some penny stocks went up to 2000% high.."
Are you also aware of the recent SEC rule changes (regarding Toxic funders) that has put a stop to that 'scam process' that allowed financial predators to prey on naive and uninformed investors?
Everyone knows that 99% of penny stocks 'fail at business, so success could not have been the reason for the share price increases you cite??