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Micro-Caps on Watch; Applied DNA Sciences Inc (APDN), Titan Iron Ore Corp (TFER), Southridge Enterprises Inc (SRGE)

Shares of Applied DNA Sciences Inc (OTCBB: APDN), a New York based Company that utilizes a proprietary line of DNA embedded biotechnology products to provide a total security solution to protect corporate and intellectual property from counterfeiting and fraud, are rallying in today’s trading.

At last check, APDN shares were trading 10% higher at $0.22, with volume up from daily average of 3.54 million to 4.47 million. It reached its 52 week high of $0.2965 on Sep 24th and reduced drastically since then.

APDN recently announced that a world leader in cash protection systems, 3SI Security Systems is expanding its use of APDN’s SigNature DNA evidence marking product into 3SI smoke and dye cash protection systems used across Europe. APDN had already started to process its first order to the banking sector.

Shares of Titan Iron Ore Corp (OTCBB: TFER), a Washington based Exploration Company involved in  the acquisition and exploration of mineral properties and has mining interests in parts of Wyoming and Quebec, Canada, are soaring in today’s trading.

At last check, TFER’s shares were trading 41.49% higher at $0.6650, with volume up from daily average of 0.12 million to 1.16 million. It has been trading so far for the day in the range of $0.55 and $0.69.

TFER announced today that it entered into Equity Line of Credit Agreement with Ascendiant Capital Partners LLC to issue shares worth $10 million. TFER is also working on filing a registration statement with SEC on or prior to November 16, 2012.

Shares of Southridge Enterprises Inc (OTCPK: SRGE), a Texas based company engaged in exploration of mineral properties in Canada, are climbing in today’s trading.

At last check, SRGE shares were trading 4.17% higher at $0.0050, with volume down from daily average of 43.26 million to 19.17 million. The stock has been trading in the range of $0.0047 and $0.0060 so far in today’s trading.

SRGE recently announced that it signed a definitive agreement with San Dimas Mineria S.A. to acquire a 100% interest in the La Canita Gold property, in the state of Durango, Mexico. The Purchase Price would be approximately $3.55 million. La Canita consists of 7,932 acres and received an appraisal estimating potential resources of 185,000 oz. of gold, having a current market value in excess of $320 million.

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