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Micro-Caps on Watch; Fannie Mae (FNMA), Enhance Skin Products Inc. (EHSK), Myriad Interactive Media Inc. (MYRY)

Shares of Fannie Mae (OTC: FNMA), a provider of liquidity and stability to the secondary mortgage market, are soaring in trading today. At last check, FNMA shares were trading 26.95% higher at $0.375 on above average volume of 21.50 million. The stock hit a 52-week high of $0.38 earlier today.

FNMA shares are gaining momentum after the company said that it expects to report significant net income for the fourth quarter of 2012. The company, however, said that it will miss a March 18 deadline for reporting its fourth-quarter results.

Shares of Enhance Skin Products Inc. (PINK: EHSK), a developer and marketer of cosmeceutical products under the Visible Youth brand globally, are seeing a huge rally in trading today. At last check, EHSK shares were trading 454.29% higher at $0.0194 on above average volume of 9.80 million. The stock hit an intra-day high of $0.02.

According to a filing made by EHSK earlier this week, the company entered into several material agreements in accordance with its plan to restructure its balance sheet.

Shares of Myriad Interactive Media Inc. (OTC: MYRY), operating as an interactive marketing and development company in Canada, are surging in trading today. At last check, MYRY shares were trading 89.66% higher at $0.0275 on above average volume of 4.37 million. The stock hit an intra-day high of $0.04.

MYRY shares are soaring after the company announced the launch of Mingle Suite, its proprietary social media technology platform. Derek Ivany, CEO of Myriad Interactive Media Inc., said that Mingle Suite is as simple as it is elegant and practical.


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