Penny Stocks on the Move July 30: (MCBC, APTD, TSBK, GLER, TRID)
July 30th, 2010 at 11:56 am Posted by Eric Adams
The Dean has noticed these penny stocks on the move today:
MCBC $2.17 +40.91%
Thursday after close, Macatawa Bank Corporation (NASDAQ: MCBC) announced “a return to profitability and improvements in several key capital and operational ratios in the second quarter 2010.” Financial results included after-tax net income of $1.7 million, or $0.10 per diluted share, compared to as loss of $30.4 million, or $1.82 per diluted share, in second quarter 2009.
APTD $0.007 +40.00%
AlphaTrade.com (OTC: APDT) provides real-time financial market data for major North American exchanges and markets. This morning, ATPD announced the company “is hopeful of new levels of sales, revenue and growth continuing into the fall.” Additionally, today’s press release told investors the company”is preparing to report a positive 2nd Quarter cash flow subsequent to positive 1st Quarter cash flow reported earlier this year.”
TSBK $3.99 +32.95%
Last night, Timberland Bancorp, Inc. (NASDAQ: TSBK) reported net income of $804,000 for its fiscal third quarter ended June 30, 2010, with net income of $543,000, or $0.08, available to common shareholders after adjustments for preferred stock dividend and accretion.
GLER $0.065 +22.64%
This morning, Global Earth Energy, Inc. (OTC: GLER) announced its wholly-owned subsidiary, RCI Solar, Inc., opened a new 15,000 square foot facility that doubles its current capacity. This facility will provide warehousing, distribution, inventory management and fulfillment functions for the company.
TRID $1.78 +20.27%
Although Trident Microsystems, Inc. (NASDAQ: TRID) reported a second quarter loss of $49 million, or $0.28 per share, after close yesterday, TRID shares have gained as much as 25%, hitting a high of $1.85, today.
