U.S. Price Gainers Under $5 for July 27: (GRO, HYGS, FBMI, CPF, CRDC)
July 27th, 2010 at 4:14 pm Posted by
As part of The Dean’s commitment to teaching his students about penny stocks in all markets, he wants everyone to study up on these U.S. price gainers under $5:
GRO $1.56 +16.42%
Agria Corporation (NYSE: GRO) engages in the research and development, production, and sale of upstream agricultural products in China. Two weeks ago, GRO entered into definitive agreements to divest Taiyuan Primalights III Agriculture Development Co. (P3A). As a result of this agreement, GRO acquired cancelled shares from Mr. Frank Xue, the company’s President, which represent 11.5% of its issued and outstanding share capital immediately before the transaction. The Company has not issued news since but GRO shares tell a different story—trading more than twice the stock’s 3 month average volume, and gaining as much as 18.65% today.
HYGS $3.60 +15.38%
Hydrogenics Corporation (NASDAQ: HYGS) designs, develops, and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane technology in Canada and abroad. According to a press release issued by the Company last Monday, HYGS will be hosting a Q2 2010 conference call at 10 a.m. EST on Friday, July 30, 2010. Today, HYGS has traded more than 9 times its 90-day average volume of 11,853 shares, and gained as much as 16.98%.
FBMI $4.80 +12.15%
Firstbank Corporation (NASDAQ: FBMI) provides commercial banking products and services, operating 53 branches in central Michigan. This morning, FBMI announced Q2 2010 results, revealing net income of $937,000, and $525,000 applicable to shareholders, or earnings of $0.07 per share.
CPF $1.66 +1o.67%
Central Pacific Financial Corp. (NYSE: CPF) operates as the bank holding company for Central Pacific Bank that provides commercial banking services to businesses, professionals, and individuals in Hawaii. On Friday, CPF filed a foreclosure suit against 805 Kinau Street LLC and its manager, Adam Lee, a realtor. The suit claims that the party owes the Company $3.4 million in principal, interest and feeds. Since word of this suit hit the street, CPF shares have climbed as high as $1.75, gaining as much as 20.68% over Friday’s open.
CRDC $1.89 +7.39%
Cardica, Inc. (NASDAQ: CRDC) designs and manufactures medical devices for cardiac and other surgical procedures based on its proprietary stapling and cutting technology. On June 25th, 2010, the company reported it has received a delist warning from Nasdaq, as the stock no longer met the minimum market value of $50 million required for listing. In trading today, CRDC gained as much as 15.90%, or 22.89% since its delist warning, hitting a high of $2.04 per share.
