Penny Stock Price Gainers for August 23: (XYNH, SATM, SUF, GNBT, SDIX)

August 23rd, 2010 at 4:36 pm Posted by

The following penny stocks have made The Dean’s List of price gainers for Monday, August 23, 2010:

XYNH $0.0022 +83.33%
Xynergy Holdings, Inc. (PINK: XYNH) is a development stage company that focuses on developing various energy saving and alternative power sources for consumer, retail and small business applications. The Company last announced its had completed the transaction and acquired Simply Distribution, LLC, a company licensed to import and distribute food, beer, wine and distilled spirit products around the world. As of this August 12th press release, Simply Distribution was in the final stages of finalizing a distribution agreement with a foreign company to distribute its organic wines throughout the United States. On no news, XYNH shares gained as much as 150%, trading ten times its 10-day average volume today.

SATM $0.073 +43.14%
SatMAX Corporation (PINK: SATM) designs and manufactures advanced non-line-of-sight satellite communications equipment in the United States. This morning, the Company announced a major strategic alliance with McDonald Technologies International for engineering, manufacturing, and support services associated with “the rapidly developing market for the SatMAX ground-based, non-line-of-sight satellite voice and data communications products to the $46 billion ground-based satellite communications industry.” Opening 14.7% over Friday’s close of $0.051, SATM shares gained as much as 53.92%, hitting a high of $0.0785 today.

SUF $0.4203 +13.59%
SulphCo, Inc. (NASDAQ: SUF) is an energy technology company engaged in the development and commercialization of an oxidative desulfurization process for crude oil products, crude oils, and condensate streams. Although the Company has not issued news in the past month, SUF shares traded three times their 3 month average volume, and gained as much as 21.62% over Friday’s close of $0.37.

GNBT $0.475 +13.26%
Generex Biotechnology Corporation (NASDAQ: GNBT) is a development stage company engaged in the research, development, and commercialization of drug delivery systems and technologies for metabolic and immunological diseases. GNBT last announced the addition of Dr. Craig Eagle to its scientific advisory board, on August 9th, to help the Company’s wholly-owned subsidiary, Antigen Express, Inc., further its synthetic cancer and influenza vaccine development efforts. Trading more than 4.5 times its 10-day average volume, GNBT shares climbed to a high of $0.48, gaining as much as 14.44% over Friday’s close.

SDIX $1.92 +12.28%
Strategic Diagnostics Inc. (NASDAQ: SDIX) is a biotechnology company that develops, manufactures, and markets proprietary products, services, and solutions in the pharmaceutical, biotechnology, diagnostics, food safety, and environmental markets. Last Tuesday, August 17th, the Company announced the signing of a distribution agreement with Romer Labs for its Genetically Modified Organisms (GMO) rapid testing products. Despite the Company not issuing news since then, SDIX traded more than five times its 10-day average volume, and gained as much as 16.95% today.