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Micro-Cap on the Move; Dig-It Underground Inc. (DIGX)

By Warren Paige

Shares of Dig-It Underground Inc. (PINK: DIGX) are seeing a huge rally in early trading today. The stock is currently trading 38% higher at $0.0345 on above average volume of 1.83 million.

The rally in DIGX shares was sparked after the company announced that its wholly-owned subsidiary Get Down Art, which focuses on the worldwide marketing of consumer products to retailers specializing in apparel, branding intellectual properties, and graphic illustrations of world famous artists and brands, entered into an apparel deal with artist John St. Ziggy O’Leary.

The deal will enable Dig-It Underground to boost its apparel sales.

Commenting on the development, Brandon Donofrio, President of Dig-It Underground, said that DIGX is really excited about its new relationship with St. Ziggy. Donofrio said that St. Ziggy’s artwork will translate great on t-shirts for DIGX’s channels of distribution. Donofrio expects tremendous sales volume from the deal.

 

May 1st, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.