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Micro-Caps on the Move; Red Giant Entertainment Inc. (REDG), Enova Systems Inc. (ENVS), Green Innovations Ltd. (GNIN)

Shares of Red Giant Entertainment Inc. (OTC: REDG), a developer of intellectual property for multiple media platforms and transmedia propagation, surged in trading today.

REDG shares rose to an intra-day high of $0.15 before paring some of the gains to finish the day 33% higher at $0.133 on above average volume of 78.98 million. Despite the rally on Thursday, REDG shares have fallen 34% in the last three trading sessions.

REDG shares rallied in trading today after the company announced the launched of new intellectual property showcase.

Shares of Enova Systems Inc. (PINK: ENVS), a designer, developer and producer of power train systems and related components in the U.S., China, the U.K., and Japan, saw a huge rally in trading today.

ENVS shares ended the day 584.62% higher at $0.0890 on above average volume of 38.89 million. The stock hit an intra-day high of $0.32 today.

ENVS shares skyrocketed in trading today 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 Green Innovations Ltd. (OTC: GNIN), importer and distributor of bamboo-based hygienic and household products, rallied in trading today.

GNIN shares rose to an intra-day high of $0.95 before finishing the day 20.36% higher at $0.940 on above average volume of 4.61 million. The stock has gained more than 42% in the last three trading sessions.

GNIN shares surged today after the company announced that it is expanding its Strategic Advisory Board with the appointment of Michael Perfetti, a veteran in the drug and grocery wholesale business.

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