Penny Stock Price Gainers for August 20: (CTXE, WAVX, OVRL, PBIO, MRNA)
August 20th, 2010 at 4:43 pm Posted by
These penny stocks have made The Dean’s List of penny stock price gainers for Friday, August 20, 2010:
CTXE $0.035 +337.50%
Cantex Energy Corp. (PINK: CTXE) is a development stage company engaged in the acquisition, exploration, development, production, and rehabilitation of oil and gas properties in the United States. Late this afternoon, the Company announced a letter of intent to acquire Bedford Energy, Inc. (PINK: BFDE). The acquisition, which will combine “the seismic skill base of CanTex fitting in with the drilling and operations of Bedford,” is anticipated to close before October 20, 2010.
WAVX $2.32 +28.89%
Wave Systems Corp. (NASDAQ: WAVX) provides client and server software for hardware-based digital security solutions, which enable organizations to know who is connecting to their critical IT infrastructure, protect corporate data and strengthen the boundaries of their networks. Today, WAVX traded more than 3.9 times its 3 month average volume, and gained as much as 52.78% on no news.
OVRL $1.76 +13.55%
Overland Storage, Inc. (NASDAQ: OVRL) provides data management and data protection solutions for backup and recovery systems worldwide. On Tuesday, the Company announced it will report its fourth quarter and fiscal 2010 results on Thursday, August 26, 2010. Gaining as much as 29%, OVRL traded more than 3.5 times its 10-day average volume.
PBIO $1.55 +10.71%
Pressure Biosciences, Inc. (NASDAQ: PBIO) is focused on the development and sale of instrumentation and consumables based on a novel, enabling technology called pressure cycling technology (PCT), and currently holds 14 US and 10 foreign patents covering multiple applications of PCT in the life sciences field. On Tuesday, the Company announced strong financial results for the three and six month period ended June 30, 2010, including total second quarter revenues of $402,104, a 49% increase compared to the same period in 2009. These positive financials were followed by Zacks Investment Research initiating coverage on the Company. This week, PBIO shares gained as much as 27%, moving from $1.35 to today’s high of $1.72.
MRNA $2.80 +9.80%
Marina Biotech, Inc. (NASDAQ: MRNA) is a biotechnology company focused on the development and commercialization of therapeutic products based on RNA interference (RNAi). Although the Company did not issue news, MRNA shares gained more than 36%, moving to a high of $3.49 today.
