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Micro-Cap on the Move; Sunpeaks Ventures Inc. (SNPK)

By Warren Paige

Shares of Sunpeaks Ventures Inc. (OTC: SNPK), a distributor of hard-to-find and specialty drugs to the healthcare provider market in the U.S., are continuing to rally in trading today.

At last check, SNPK shares were trading 29.55% higher at $0.0570 on volume of 835,039. The stock has now gained more than 61% in the last three trading sessions.

SNPK’s recent gains could be due to some stock promotion activity as the company has not made any major announcements in the last few weeks.

According to a filing made by Sunpeaks Ventures last month, the company had total revenue of $478,000 for the three-month period ended March 30, 2012. SNPK’s gross profit for the quarter ended March 30, 2012 was $213,000. The company posted a net loss of $343,000 for the three-month period.

 

July 6th, 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.

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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.