Shares of Swingplane Ventures Inc. (OTC: SWVI), a mining company, surged in trading on Friday. SWVI shares ended the day 12.28% higher at $0.685 on volume of 8.41 million. The stock rose to an intra-day high of $0.69 earlier in the day. SWVI shares have gained 14.41% in the last three trading sessions.
SWVI shares rallied on Friday after the company announced that its Algarrobo project has been advancing more quickly than expected, with near-term production having been pursued more aggressively than previously indicated.
Shares of NaturalNano Inc. Inc. (PINK: NNAN), a company engaged in the development and commercialization of material science technologies, saw a huge rally in trading on Friday. NNAN shares ended the day 72.22% higher at $0.0031 on above average volume of 114.87 million.
NNAN shares soared on Friday despite there being no recent news or development related to the company. The gains therefore could have been due to some stock promotion activity.
Shares of NanoTech Entertainment Inc. (PINK: NTEK), operating as a technology company with focus on entertainment industry worldwide, soared in trading on Friday. NTEK shares ended the day 48.55% higher at $0.0205 on above average volume of 39.75 million.
Earlier in the week, NTEK announced the completion of its expansion to Silicon Valley with the opening of a new headquarters in San Jose, California. The company entered into a multi-year lease for the multi-use building, which includes office space, R&D facilities and warehouse space.
Commenting on the new headquarters, Jeffrey A. Foley, CEO of NanoTech, said that with Governor Brown leading the way offering tax incentives to businesses, San Jose has once again become the prime location for expansion of the tech industry.
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