Penny Stocks on the Move September 1: (INOL, BETM, CPVD, FSNM, SLRY)
September 1st, 2010 at 2:07 pm Posted by
It’s been hard for The Dean not to notice these penny stocks on the move for Wednesday, September 1, 2010:
INOL $0.099 +3566.67%
This morning, InoLife Technologies, Inc. (OTC: INOL) announced it will provide and market a proprietary metabolizing test to physicians and practitioners to identify how a patient’s genetic makeup may affect the body’s response to Plavix (colpidogrel). Trading as high as $0.1104 today, INOL shares have gained nearly 4000% on 25 times its 10-day average volume.
BETM $0.51 +168.42%
American Wagering, Inc. (OTC: BETM) is a leader in sports wagering products in North America. Tuesday night, the Company announced that its wholly-owned subsidiary, Leroy’s Sportsbooks, launched its mobile phone sports betting application, and will be available beginning this football season for BlackBerry users to legally bet on sports anywhere in the state of Nevada on their mobile phones. Opening the day more than 40% over Tuesday’s close of $0.19, BETM shares have gained as much as 268%, trading as high as $0.70 today.
CPVD $0.0027 +170.00%
CompuSonics Video Corp. (PINK: CPVD) develops and licenses technology to digitize and compress analog data and video. Despite this small cap company not issuing any recent news, CPVD shares have gained as much as 310%, trading as high as $0.0041 per share.
FSNM $0.20 +66.67%
On Tuesday morning, First State Bank Corporation (PINK: FSNM) was warned by the Federal Reserve Board that it needs to raise $150 million within 60 days to restore its capital reserves to levels that regulators want. Gaining nearly 92%, on nearly twice their 10-day average volume, FSNM shares have traded as high as $0.23.
SLRY $4.08 +42.66%
Salary.com, Inc. (NASDAQ: SLRY) provides on-demand compensation, payroll, human resource management, performance management, and competency management solutions in the human capital software-as-a-service (SaaS) market. This morning, Kenexa Corporation (NASDAQ: KNXA) announced an agreement to acquire the Company in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Opening the day at $4.08, SLRY shares increased more than 42% in pre-market trading. Establishing a new 52-week high of $4.15, SLRY shares have gained as much as 45% today.
