Penny Stocks on the Move July 29: (EGSR, DKAM, UCBH, MCTH, CTYX)
July 29th, 2010 at 12:17 pm Posted by Simon Wohlberg
The Dean wants all of his students to take a look at this morning’s penny stocks on the move:
EGSR $0.06 +71.43%
On Tuesday, July 20, 2010, Energas Resources, Inc. (OTC: EGSR) announced a drilling rig was being moved to the Lake Devore Prospect location, with spudding of the well “expected to occur later this week.” Although the company hasn’t issued news since then, EGSR has gained as much as 97% today, on 3.5 times its 10-day average volume.
DKAM $0.009 +36.36%
Last Tuesday, Drink Americas Holdings, Ltd. (OTC: DKAM) announced the website for Rheingold Beer “has gone live will support the Company’s rollout of Rheingold Beer in 12 oz cans” next month. The last time the company’s beer was marketed, prior to DKAM’s acquisition in 2005, Rheingold achieved approximately $5 million in annual revenue.
UCBH $0.015 +35.14%
This morning, UCBH Holdings, Inc. (PINK: UCBH) emerged as mystery mover, after trading more than 440,000 shares, or more than twice its 3 month average volume, on no news since November 2009.
MCTH $0.298 +24.17%
Medical Connections Holdings, Inc. (OTC: MCTH) provides recruiting and staffing services to the healthcare and medical industries in the United States. Last week, the Company reported “M&A activity will remain strong as business owners are looking to capitalize on liquidity options prior to the anticipated increase in capital gains tax rates in 2011.” After market close yesterday, announced that former Director of Practice and Business Development at CBIZ, Inc. (NYSE: CBZ), Jeffrey Rosenfield, has been appionted as its new Chief Executive Officer. This morning, MCTH shares gained as much as 41%, moving to a high of $0.34.
CTYX $0.0006 +20.00%
Connectyx Technologies Holdings Group, Inc. (PINK: CTYX) provides healthcare related intelligent software tools for the healthcare industry. On July 7th, 2010, in the Company’s latest press release, CTYX announced the launch of a social media marketing campaign “as part of a long term plan to expand its communication platform with its shareholders, MedFlash members and the Investment Community.”
