Free Penny Stock Picks of the Week: (CTXE, PREA, NACF, IDGI, TPAC)

August 22nd, 2010 at 9:00 am Posted by

The Dean suggests that all of his students do their homework on these free penny stock picks for their chance to make the grade this week:

CTXE $0.035 +337.50%

At 3:05 PM on Friday, Cantex Energy Corp. (PINK: CTXE) announced a Letter of Intent for the acquisition of Bedford Energy, Inc. (PINK: BFDE) before October 20, 2010, which makes for a combined +250,000 BOE in engineered proven oil and gas reserves behind pipe, and 1,600,000 BOE in proven undeveloped resources. While this news had no effect on BFDE, CTXE traded 320,100 shares, or nearly 16 times their 3 month average, and gained more than 300%.

PREA $0.07 +100.00%

In its past five trading sessions, Pure Earth, Inc. (PINK: PREA) has traded more than 5 times the volume it saw it in its prior ten trading sessions. This included 3 times its 3 month average volume on Friday, and a gain of 100%, on no news.

NACF $0.14 +75.00%

National Clean Fuels, Inc. (PINK: NACF) engages in commercializing clean energy technologies and related alternative energy technologies, equipment, and applications. On Friday, with no news in nearly three weeks, NACF traded 1,094,451 shares, or more than 13 times its 3 month average volume, and gained 75%, closing at its high of day (HOD).

IDGI $0.0139 +46.32%

Take a look the 30-day chart for Inca Designs Inc. (PINK: IDGI). Trading more than 4.5 times its 10-day average volume on Friday, with no news, IDGI shares gained more than 40% and closed at their high of day.

TPAC $0.219 +30.36%

Trans-Pacific Aerospace Company, Inc. (OTC: TPAC) last announced the completion of prototype manufacturing and testing of high quality bearings in China, which will be submitted for qualification under the Society of Automotive Engineers (SAE) and Aerospace Suppliers (AS) standards. Although this press release came on July 22nd, TPAC shares gained as much as 48%, trading more than 16 times its 3 month average volume, on Friday.