Shares of Warp 9 Inc. (OTCQB: WNYN), a California based e-commerce company that provides software platforms and services including online catalog design, merchandizing and optimization for the catalog and retail industry, are soaring drastically in today’s trading.
At last check, WNYN shares were trading 523.08% higher at $0.0550, with volume up from daily average of 0.015 million to 11.22 million. The stock has been trading in the range of $0.0120 and $0.0694 so far in today’s trading.
The huge hike in share price could be due to some stock promotion activity since there is no news or corporate update available with respect to the company. For the year ended June 30, 2012, WNYN reported net sales of $906,964 with net losses of $574,735. The Audit report raised substantial doubt about the Company’s ability to continue as a going concern. WNYN Management had also mentioned that there is no assurance for the success of the company.
Shares of Gunther Grant Inc. (OTCPK: GNGR), a New York based Chocolates Manufacturer, are rallying in today’s trading.
At last check, GNGR shares were trading 14.81% higher at $0.0155, with volume up from daily average of 1.9 million to 8.6 million. The stock has been trading so far in the range of $0.0135 and $0.0165.
GNGR announced today that Bullworthy, LLC, an emerging independent equity research firm specializing in professional analyst coverage for micro and small-cap stocks, released the Bullworthy Equity Research Report with a BUY rating and a twelve month price target of $1.25 and a five-year price target range of $0.013 to $4.87 for GNGR.
Shares of Satcon Technology Corp (OTCQB: SATCQ), a Massachusetts based Company focused on providing utility scale power conversion solutions for the renewable energy market, are climbing in today’s trading.
At last check, SATCQ shares were trading 14.18% higher at $0.2375, with volume down from daily average of 1.72 million to 0.98 million. The stock has been trading in the range of $0.21 and $0.268 so far for the day.
SATCQ recently filed Chapter 11 Bankruptcy for reorganization of its business operations. Satcon had received permission from the court to extend the warranties for its products. This will help the company to continue to provide critical post sale service and support as part of its ongoing day to day operations and future sales development efforts during the pending chapter 11 cases.
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