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Micro-Caps on Watch; eLayaway Inc. (ELAY), Southridge Enterprises (SRGE), Nano Laboratories Corp. (CTLE)

Share of eLayaway Inc. (OTC: ELAY), a technology company specializing in the payment’s industry for online bricks and mortar merchants, are seeing a huge rally in trading today, extending its gains for the week. At last check, ELAY shares were trading 110.61% higher at $0.01on above average volume of 32.44 million.

ELAY shares have been soaring since last week after the company released 2012 Online Layaway Retail Trends Report. The report was created from user behavior observed between 11/1/2011 and 10/31/2012. The report highlighted the fact that online layaway appeals to a wide spectrum of consumers across several demographic segments and November is the most popular month for starting a layaway.

Shares of Southridge Enterprises Inc. (PINK: SRGE), a company engaged in the acquisition, exploration and development of gold and silver mines in Mexico, are soaring in trading today. At last check, SRGE shares were trading 12.05% higher at $0.0093 on above average volume of 43.91 million. The stock has now gained nearly 23% in the last three trading sessions.

SRGE shares are soaring in trading today after the company provided an update to its shareholders. The company said that it is currently evaluating alternatives and is in advanced discussions with two major NYSE listed metal producers regarding its Jalisco mineral concessions and properties.

SRGE said that one of the firms it is in discussions with has already signed preliminary documents for the full acquisition of the Cinco Minas property.

Shares of Nano Laboratories Corp. (OTC: CTLE), a manufacturer and seller of industrial paints, coatings and films, are up sharply in trading today. At last check, CTLE shares were trading 5.79% higher at $1.28 on above average volume of 165,863. The stock hit an intra-day high of $1.30 today and has now gained more than 11% in the last three trading sessions.

CTLE earlier this week announced the ASTM International specifications for its nano thermal insulation coating application in the construction and engineering industry.

 

 


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