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Micro-Cap in Focus; Universal Bioenergy Inc. (UBRG)

By Warren Paige

Shares of Universal Bioenergy Inc. (PINK: UBRG), an independent diversified energy company engaged in the production, marketing and sale of natural gas, propane, oil, coal and alternative energy in the U.S., continued to rally in trading today.

UBRG shares rose 25.26% to finish the day at $0.0238 on above average volume of 8.08 million. The stock gained more than 103% in the last three trading sessions.

UBRG shares rose today after the company announced that its subsidiary, NDR Energy Group, sold more than 1.86 billion cubic feet (Bcf) of natural gas in July. The volume sold by NDR Energy is highest in the company’s history for July.

Ken Harris, President and CEO of Universal Bioenergy, said that these are historic times for the company. Harris said that sometime ago, the company revised its sale priorities to focus on a combination of monthly term and generation related focus, and the new focus has allowed the company to enhance its productivity even in what have traditionally been challenging periods of the year.

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.