Penny Stocks on the Move August 23: (BEAC, EEE, AMNG, CRPZ, XING)
August 23rd, 2010 at 11:01 am Posted by
The Dean wants all of his students to do their homework on these penny stocks on the move:
BEAC $0.50 +42.86%
Beacon Enterprise Solutions Group, Inc. (OTC: BEAC) provides telecommunications and technology systems infrastructure services in the United States and Europe. On Friday, the Company reported revenues of $11,772,000 for the quarter ended March 31, 2010. Opening the day up 25%, BEAC shares gained as much as 62%, trading as high as $0.57 per share.
EEE $1.43 +32.40%
On Friday, Evergreen Energy, Inc. (NYSE: EEE) had a reverse split of its common shares at a ratio of 1-for-12. This morning, EEE has traded nearly twice its 10-day average volume, and gained as much as 54.62% over Friday’s close of $1.08.
AMNG $0.041 +14.53%
The Amergence Group (PINK: AMNG) focuses on the development, nurturing, and expansion of selected emerging companies across a range of industries and disciplines. After market close on Friday, the Company announced its subsidiary, PacPacific International, will launch the PanPacific Travel Network, an interactive, electronic concierge service for hotels and busy public areas throughout China. Trading as high as $0.0435, AMNG shares have gained as much as 21.5% over Friday’s close of $0.0358.
CRPZ $0.16 +14.37%
Convenience TV Inc. (OTC: CRPZ) offers advertisement services on flat panel screens placed within a customer’s store. This morning, the Company announced a viewership milestone of over one million viewers throughout 28 retail outlets in the greater Los Angeles area. Today, CRPZ has traded nearly 3 times its 10-day average.
XING $1.68 +14.29%
Qiao Xing Universal Resources, Inc. (NASDAQ: XING) operates as an emerging resources company in China. This morning, the Company announced its unaudited financial results for the three months ended March 31, 2010. This included net income of $10.7 million, or $0.12 per basic share, net sales of $28.6 million, and gross profit of $4 million. With this positive news, XING has traded more than 6.5 times its 3 month average volume, and gained as much as 22.44% this morning.
