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Micro-Cap in News; Eco Building Products Inc. (ECOB)

By Warren Paige

Shares of Eco Building Products Inc. (OTC: ECOB), a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold, fungus, rot-decay, and termites, are gaining in trading today.

At last check, ECOB shares were trading 4.86% higher at $0.110 on above average volume of 2.16 million. The stock gained 10% in the last three trading sessions.

ECOB shares are gaining after the company today announced that it secured $100 million credit facility.

The credit facility has been provided by Bank of China from the private client division of its Beijing, China offices. The facility was negotiated by InsurFinancial Holdings Plc.

Steve Conboy, President and CEO of Eco Building, said that after identifying the need of the industry and several years of creating its Eco Red Shield™ coatings along with the Eco branding of coated lumber products, ECOB now has the potential financial support to expand its products to the world market.

 

July 11th, 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.