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Micro-Cap on Watch; Brownie’s Marine Group Inc. (BWMG)

By Warren Paige

Brownie’s Marine Group Inc. (OTC: BWMG) shares are continuing to gain momentum in trading today. At last check, BWMG shares were trading 18.18% higher at $0.0455 on above average volume of 9.97 million. The stock has now gained more than 290% in the last three trading sessions.

Brownie’s Marine, which develops, manufactures and distributes highly specialized dive and safety products, today, announced that its test platform for steam generation technology for the marine industry achieved major milestone.

The Fort Lauderdale, Florida-based company said that on May 25, 2012, the Molecular Impact Energy (MIE) steam generation system managed to produce continuous steam without a conventional boiler apparatus.

Robert Carmichael, CEO of Brownie’s Marine Group, said that the test results in the first phase are extremely encouraging. Carmichael noted that to witness a piston type steam engine operate instantly on demand without a fuel boiler goes a long way to demonstrating the practical advantages of MIE steam generator.

 

June 5th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.