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Micro-Cap in Focus; Active Health Foods Inc. (AHFD)

By Warren Paige

After rising sharply on Monday, shares of Active Health Foods Inc. (OTC: AHFD), developer and marketer of energy bars under the Active X brand name, have plunged in early trading today.

AHFD shares had risen nearly 80% on Monday after the company announced that it is seeking shareholder approval for acquisition of Manos Beverages Inc. However, the stock has shed some of the gains today. At last check, AHFD shares were trading 41.62% lower at $0.0115.

Active Health Foods shares are sinking today even as the company announced an agreement with Sheetz Inc., the 24th largest chain store in the U.S. Sheetz, which is a major convenience store chain, has agreed to carry AHFD’s Active X Energy Bar.

Greg Manos, President and CEO of Active Health Foods, today, said that the substantial order AHFD received from Sheetz for Active X Almond Chocolate Delight and Peanut Butter Chocolate Joy Energy Bars represents a substantial breakthrough for the company.

 

May 8th, 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.