Penny Stocks on the Move August 20: (MGON, GOHE, LBSR, AMNG, CHTP)
August 20th, 2010 at 11:34 am Posted by
This morning, The Dean has noticed these penny stocks on the move:
MGON $0.08 +42.86%
Megola, Inc. (OTC: MGON) is the exclusive North American supplier, exclusive Canadian distributor and co-exclusive U.S. distributor of the Hartindo Anti-Fire product line and the exclusive world-wide distributor of the ScaleGuard series of physical water treatment equipment. After market close Wednesday, the Company announced a “preliminary sales” of its Anti-Fire inhibitor to a U.S.-based company “that is one of the largest textile and chemical manufacturers in the world with annual sales in excess of 3 billion dollars.”
GOHE $0.64 +39.13%
Go Healthy, Inc. (PINK: GOHE) produces nutritional supplement products to the amateur and pro athletic, medical, wellness, and nutritional markets. On Tuesday, the Company announced the appointment of Ben Bates to its Board of Directors.
LBSR $0.10 +26.58%
One of The Dean’s penny stocks to watch today, Liberty Star Uranium & Metals Corp. (OTC: LBSR), has gained as much as 31.64% on volume exceeding its 10-day average volume.
AMNG $0.0379 +26.33%
The Amergence Group (PINK: AMNG) focuses on the development, nurturing, and expansion of selected emerging companies across a range of industries and disciplines. Despite this small cap company not issuing news in over a week, AMNG shares have gained as much as 26.7%, already trading more than 8 times its 3 month average volume this morning.
CHTP $3.93 +9.47%
Chelsea Therapeutics International (NASDAQ: CHTP) is a development stage pharmaceutical company focused on the acquisition, development, and commercialization of pharmaceutical products for the treatment of various human diseases. Thursday morning, the Company announced that a new investigator-leg phase II clinical study of Droxidopa, the Company’s oral synthetic precursor of norepinephrine, has been initiated in chronic fatigue syndrome. Trading as high as $4.04 this morning, CHTP shares have gained as much as 12.5%.
