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Micro-Caps on the Move; Fuse Science Inc (DROP), Growlife Inc (PHOT), Oryon Technologies Inc (ORYN)

Shares of Fuse Science Inc (OTCQB: DROP), a Florida based company involved in manufacturing of energy drinks and supplements, are soaring in today’s trading.

At last check, DROP shares were trading 16.73% higher at $0.1570, with volume up from daily average of 1.43 million to 3.4 million. The stock has been trading in the range of $0.1379 and $0.1635 so far in today’s trading.

DROP announced today that its new Drop Technology products, PowerFuse and ElectroFuse will be available online commencing December 1, 2012, at The leading national retailer, Dick’s Sporting Goods which has access to over 25,000 retail locations will lead retail distribution and Fuse Science will begin shipping the products into their distribution system concurrent with online availability.

Shares of Growlife Inc (OTCBB: PHOT), a California based Company that is involved in designing and manufacturing indoor mini-greenhouses which produces hydroponic greenhouses capable of growing any herb, vegetable, flower, fruit or terrestrial plant, are rallying in today’s trading.

At last check, PHOT’s shares were trading 16.05% higher at $0.0441, with volume up from daily average of 1.42 million to 3.69 million. It has been trading so far for the day in the range of $0.0390 and $0.0454.

PHOT recently announced that it had completed the purchase of Urban Garden Supplies, a retail hydroponics store with a sizable presence in the Los Angeles market over the past 12 years. The Management believes that the acquisition will make them to be a leader in the retail hydroponics industry.

Shares of Oryon Technologies Inc (OTCQB: ORYN), a Texas based company engaged in developing next-generation electroluminescent lighting technology for cell phone key pads, apparel products and costumes, are plunging in today’s trading.

At last check, ORYN shares were trading 3.23% lower at $0.60, with volume up from daily average of 0.61 million to 0.37 million. The stock has been trading in the range of $0.60 and $0.66 so far for the day.

The stock reached its 52 week high of $1.33 in May 2012 but deteriorated since then. Now it is currently trading close to its 52 week low of $0.4.

ORYN’s SEC filing notified that the company has very limited revenues and its cash and equivalents is insufficient to fund its business operations. The company’s Audit report describes the substantial uncertainty to continue as a going concern.

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