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Micro-Caps on Watch; IceWEB Inc. (IWEB), Green Innovations Ltd. (GNIN), Echo Automotive Inc. (ECAU)

Shares of IceWEB Inc. (OTC: IWEB), a manufacturer, marketer and seller of purpose-built appliances and network and cloud attached storage solutions, are soaring in trading today. At last check, IWEB shares were trading 31.82% higher at $0.0435 on above average volume of 31.72 million. The stock touched an intra-day high of $0.05. IWEB shares have gained nearly 36% in the last three trading sessions.

Earlier this week, IWEB announced that it received an order from a county government for a complex IceWEB storage installation valued at $295,830.

Shares of Green Innovations Ltd. (OTC: GNIN), an importer and distributor of bamboo-based hygienic and household products, are seeing a huge rally in trading today. At last check, GNIN shares were trading 33.09% higher at $0.905 on volume of 1.44 million. The stock hit an intra-day high of $0.94.

GNIN shares are gaining momentum after the company announced that its wholly-owned subsidiary, Green Hygienics completed the initial purchase order-delivery-pay cycle with recent first time customer JONS International Marketplace.

Shares of Echo Automotive Inc. (OTC: ECAU), a manufacturer of cost reduction technology for converting fleet vehicles into highly fuel efficient plug-in hybrids, are rallying in trading today. At last check, ECAU shares were trading 42.29% higher at $0.498 on above average volume of 1.41 million. The stock hit an intra-day high of $0.59. Despite today’s rally, ECAU shares have fallen more than 2% in the last three trading sessions.

ECAU shares are surging today after the company announced that it completed private placement financing. CEO Dan Kennedy said that the financing gives the company additional working capital to continue furthering its technology and executing on its business plan. Kennedy added that the company’s focus continued to be on building its business.

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