Aug 27, 2010 10:04 AM PDT
Even amidst a steep decline in unemployment claims, the markets remain flat and the summer doldrums seem to have set in. Market watchers and institutional investors seem to be sitting on the sidelines for the week. Good. Even the G-8 meeting has a lackluster feel to it. Everyone is apparently taking a breather and re-tooling their portfolio.
Did I say everyone? Well not everyone... Penny Stock enthusiasts seem as engaged as ever and the message boards are as active as ever. With strong trading volumes and some impressive percentage gainers her are some stocks lighting up the bulletin board.
Picking up $0.08 (133%) on 187,500 shares (more than eight times its 3-Month average daily trading volume) is Tiger Renewable Energy (TGRW.OB) www.tigerethanol.com currently trading at $0.14 a share.
Seems an 8-K filing on July 1st has given investors hope. In the filing, a former majority shareholder has sold all its shares to Lara Mac Inc., an entity controlled by Mitchell Brown, the Chief Executive Officer of Tiger Renewable Energy Ltd. Lara Mac is now TGRW's largest shareholder and will give TGRW consulting and other advisory services. The filing also notes that two board members have left and a new CFO and Corp. Secretary are now on the TGRW management team.
According to TGRW's last 10Q filing, the Company has been in and out of several joint ventures and agreements via typical M&A methods and is now going to re-focus its expertise in gas, oil and ethanol.
At $0.14 a share, TGRW is below its 52-week high of $0.53 and above its 52-week low of $0.03 on 19.55 million shares outstanding.
A FIVE DAY CHART ON TGRW
A ONE YEAR CHART ON TGRW
Also picking up an $0.08 gain (114%) on 61,000 shares traded today (triple its 3-Month average daily trading volume) is AeroGrow International (AERO.OB) http://www.aerogrow.com/ trading on the OTCBB in the $0.15 range.
On July 1st, AERO completed a $7.6 million recapitalization. Colorado-based AeroGrow makes the AeroGarden, a line of indoor gardening products. The recapitalization included the conversion of $1.4 million in accounts payable from a leading manufacturer into a two-year debt instrument at 8 percent interest, maturing on June 30, 2011. Good news.
At the end of June, AERO announced that revenues fell 2.4% in the fiscal year ended March 31, to $37.4 million, reflecting a sharp decline in consumer spending that began in the fourth quarter of 2008. AERO also reported a net loss for the year of $10.3 million, or minus 82 cents per share, compared with a loss of $9.8 million, or minus 84 cents per share, in the previous year.
But as the following chart displays, the whole sector of home improvement retailers (and thus wholesalers) have taken it on the chin this summer. AERO provides indoor gardens and proprietary seed kits that allow consumers to grow vegetables, such as tomatoes, chili peppers, and salad greens; herbs, including cilantro, chives, basil, dill, oregano, and mint; and flowers comprising petunias, snapdragons, pink geraniums, and phlox. Loyal AERO investors must see some 'green shoots' emerging if today's activity is any indicator.
DJ US Home Improvement Retailers Index
AERO has trailing twelve month revenues of $37 million and at $0.15, is far below its 52-week high of $3.22 and above its 52-week low of $0.07 set yesterday. Its shares out versus float ratio is near-parity.
A FIVE DAY CHART ON AERO
A ONE YEAR CHART ON AERO
Delta Mutual (DLTZ.OB) http://www.deltamutual.com/ trading on the bulletin board in the $0.48 range picked up 338% in value today on an opening bid of a dime and a current ask of 48 cents.
DLTZ focuses primarily on oil and gas investments in Argentina. DLTZ also focuses on the development and supply of energy and alternate energy sources throughout Latin America and North America.
On trailing twelve month revenues of $43k, DLTZ has a 52-week high of $1.10 and a 52-week low of $0.03 with a 50-day moving average of $0.30 and a 200-day moving average of $0.42. Its shares out versus float are near-parity.
DLTZ TODAY
A ONE YEAR CHART ON DLTZ
Not to be outdone today in percentage gain, Lumonall Inc., (LUNL.OB) http://www.lumonall.com/ jumped 540% in trading this morning.
This is a true Penny Stock 'pure play' trading at $0.0032 (up today from $0.0027). On 5,000 shares, its bid is currently $0.0030 and the ask is currently $0.0050. LUNL has 136 million shares outstanding. Today's volume is 136,000 shares (its 3-Month average daily trading volume is 8,257 shares).
LUNL is a global supplier of photoluminescent (glow-in-the-dark) emergency signage and guidance systems and has four primary distribution partners covering the North American market place.
A FIVE DAY CHART ON LUNL
And finally, here's an anomaly for the day just to make it interesting...
Today, at more than six times its 3-Month average daily trading volume of 6,264 shares, CHAI-NA-TA Corp., (CCCFF.OB) http://www.chainata.com/ opened at $0.04, shot up to $0.15 on several trades and then dropped back to $0.04. Someone must know something. Nothing on the boards. Could be an errant market-maker... this stock will be interesting to watch....
Chai-Na-Ta Corp., based in Richmond, British Columbia, is the world's largest supplier of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root, and supplies processed material for the manufacture of value-added ginseng-based products.
A FIVE DAY CHART ON CCCFF
