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Micro-Caps on the Move; Nostra Energy Inc. (NORX), Save The World Air Inc. (ZERO), Globalstar Inc. (GSAT)

Shares of Nostra Energy Inc. (OTC: NORX), an exploration stage company engaged in the exploration and development of oil and gas properties in the U.S., are climbing in trading today. At last check, NORX shares were trading 1.97% higher at $0.775 on volume of 597,901. The stock hit an all-time high of $0.79 earlier today. NORX shares have gained more than 10% in the last three trading sessions.

NORX shares have been gaining momentum after the company announced that it is finalizing the evaluation of technical data this week for the first drill location on its South Sun River Prospect.

Shares of Save The World Air Inc. (OTC: ZERO), an industrial technology company engaged in the creation, development, and commercialization of technologies in energy and oil industries, are up sharply in trading today. At last check, ZERO shares were trading 8.53% higher at $1.40 on above average volume of 350,292. The stock hit an intra-day high of $1.42 earlier today. ZERO shares have gained more than 33.30% in the last three trading sessions.

Last week, ZERO announced that it has scheduled a road show in Europe. The company plans to hold a series of meetings in London, Geneva, and Zurich from May 17th through May 30th, 2013.

Shares of Globalstar Inc. (OTC: GSAT), a leading provider of mobile satellite voice and data services, are rallying in trading today. At last check, GSAT shares were trading 8.75% higher at $0.435 on above average volume of 1.51 million.  The stock hit an intra-day high $0.47 earlier today. GSAT shares have gained more than 11.50% in the last three trading sessions.

On Monday, GSAT announced that it successfully reached agreements to complete multi-part financings in connection with the successful exchange of its 5.75% Convertible Senior Unsecured Notes into new 8% Senior Unsecured Convertible Notes.

 


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