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Micro-Cap on the Move; CrowdGather Inc. (CRWG)

By Warren Paige

Shares of CrowdGather Inc. (OTC: CRWG), a company engaged in the development and hosting of forum-based websites, are continuing to gain momentum.

At last check, CRWG shares were trading 3.57% higher at $0.290 on above average volume of 132,210. The stock gained 13.46% in the last three trading sessions.

CrowdGather, which monetizes a network of online forums and message boards, recently announced that it re-launched Pocketables.net, one of the largest and most recognized tech web sites, as Pocketables.com. CRWG launched Pocketables.com on May 29, 2012.

Sanjay Sabnani, CEO of CrowdGather, said that everyone loves their gadgets and mobile devices, and by launching the new Pocketables, CRWG wanted to bring an improved experience to enthusiasts around the world. Sabnani noted that the tech sector is extremely important to CRWG, and the company hopes to expand and continue improving its Pocketables community for new and existing users.

June 8th, 2012 | Tags: | Category: Hot MicroCaps, Social Media Stocks

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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.