PennyPayDay Market Update June 11th
- Author Sean Furstenwerth
- Published August 11, 2010
- Word count 743
Notable OTCBB Stock Movements from PennyPayday.com: (AEFI, CCNI, and SUWN)
American Energy Fields Inc. (OTC:AEFI) showed traders a solid return of 26.32% after trading more than 395 thousand shares today. AEFI had a sell-off during Wednesday trading session but has since bounced and closed at a respectable $.695 today. American Energy Fields (AEFI) is an American based resource company that focuses on exploring and developing natural energy resources in the USA.
Command Center Inc. (OTC:CCNI) closed the day up 16% at $.29 after trading 305,452 shares. The chart shows that CCNI has a history of making unexpected moves. Today's volume was nearly six times their 10-day average volume. This move came without company news and PPD is unaware of any marketing efforts on the CCNI stock. Command Center is a provider of on-demand employment solutions for US based businesses.
Sunwin International Neutraceuticals Inc. (OTC:SUWN) had a heavy volume day trading 1,159,297 shares and showed a nice gain of 14.68%. SUNW saw consistent volume throughout the day and closed at its high of the day at $.625. These gains have been building since this run started at $.455 last Friday. Being that the volume really started to increase yesterday; it looks like traders took note of the positive momentum and began accumulating positions. It has been more than a month since Sunwin released news to the investing public.
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PennyPayDay.com - OTCBB Stocks Up On News: (LRAL, BWMS, and SCLX)
Laural Resources Inc. (OTC:LRAL) announced a LOI agreement with Abtech Industries . The non-binding Letter of Intent (LOI) stated that LRAL would acquire all of the outstanding and issued capital stock of Abtech Industries. The market took note of this press release and buying brought the stock to its high of the day and closed at $1.62. This increase of 55.88% came after the market traded 1.085,305 shares. This stock has very little trading history and we are interested to see how this plays out.
Blackwater Midstream Corp. (OTC:BWMS) closed the day at its high of $.38 after trading 157,500 share. This gain of 26.67 percent came after Blackwater Midstream released news about the completion of their recently announced expansion at its Westwego, LA terminal. This expansion included a new ship dock and three 50K barrel storage tanks. The new dock can accommodate ships as big as 800 foot in length and storage tanks were built under a long term lease for a new BWMS client.
Sino Clean Energy Inc. (OTC:SCLX) traded 166,154 shares today and closed up 17.05 percent at $7.55. This percentage gain came after the company announced that it had received approval to be up-listed to The Nasdaq Global Market. SCLX is a china-based company that is publicly traded in the US. They are a commercial producer and distributor of coal-water slurry fuel (CWSF). They sell their products in china and their customers include residential, commercial, industrial and government organizations.
Today's Top Small Cap Gainers (NASDAQ: QUOT, NLST, and ARST)
Life Quotes Inc.(NASDAQ:QUOT) made huge gains today of 42.50% to close at $3.94. The jump in price comes after the announcement that LQ Acquisition, Inc. commenced a cash tender offer for all the outstanding publicly held shares not owned by Life Quotes Inc. for $4 per share. Life Quotes, Inc. is an insurance agency and brokerage headquartered in Darien, Illinois. Life Quotes owns and operates a comprehensive online consumer insurance information service which caters to the needs of self-directed insurance shoppers.
Netlist, Inc.(NASDAQ:NLST) closes up 29.63% to $2.45 on the day. The majority of this increase came after the announcement late in the day that its HyperCloud™ memory module has been selected to run on Viglen servers to support High Performance Computing (HPC) applications. Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets.
ArcSight Inc.(NASDAQ:ARST) performed very strong today after posting total revenues of $181.4 million for fiscal year 2010, a 33% increase year-over-year. This report sent shares soaring to a high of $24.79 on the day, and still closing up over 18% at $23.40. ArcSight is a leading global provider of security and compliance management solutions that protect businesses and government agencies. ArcSight identifies, assesses, and mitigates both internal and external cyber threats and risks across the organization for activities associated with critical assets and processes.
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