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Micro-Cap on the Move; Sweetwater Resources Inc. (CTDT)

By Warren Paige

Shares of Sweetwater Resources Inc. (OTC: CTDT), which is focusing on the commercialization of a proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds, are surging in trading today.

At last check, CTDT shares were trading 56.84% higher at $0.149 on above average volume of 14.03 million.

Sweetwater today announced that it changed its name to Centaurus Diamond Technologies Inc. As a result, the company is now trading under the new symbol CTDT. The company was previously trading under the ticker symbol CTDT.

Sweetwater has been given the permission to change its name to Centaurus Diamond Technologies, which better reflects that nature of its core business.

Alvin Snaper, President of Centaurus Diamond Technologies, said that CTDT is pleased that FINRA granted its name and symbol change to more accurately reflect the true nature of the company’s business.

July 9th, 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.