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PENNY STOCKS IN PLAY (US)
4:05 PM EST - : ECO2 Plastics, Inc.: reported its 2009 third-quarter financial results. Revenues of $1.4 million for the quarter were achieved versus $2.5 million during the same period in 2008. Revenues for the nine months ended September 30th were $3.0 million in 2009 versus $5.4 million in 2008. Net losses from operations were $9.6 million for the quarter versus $3.3 million during the same period in the prior year, and net losses were $10.0 million for nine months ended September 30th versus $12.8 million for the prior year. Excluding a one-time impairment of assets related to the closing of the plant during the quarter, net losses from operations were $2.0 million for the quarter versus $3.3 million during the same period in the prior-year, and net losses were $6.1 million for nine months ended September 30th versus $9.6 million for the prior year.
Companies mentioned in this penny stock in play include:ECO2 Plastics, Inc. (EOPI) is trading down $0.0016 at $0.0018.
4:03 PM EST - : Capital Gold Corp.: announced that gross proceeds were approximately $11.7 million on 11,733 ounces of gold sold in the first fiscal quarter of 2010 (ended October 31, 2009) at its El Chanate mine in Sonora, Mexico. The average sale price was approximately $995 per ounce. This represents an increase in gross proceeds of approximately 19% over the fiscal quarter ended July 31, 2009 and a 27% increase over the same period in the prior fiscal year. Monthly gold production is currently running at approximately 4,200 ounces.
Companies mentioned in this penny stock in play include:Capital Gold Corp. (CGLD) is trading up $0.0032 at $0.87.
11:20 AM EST - : Proginet Corporation: announced preliminary (unaudited) financial results for the fiscal 2010 first quarter ended October 31, 2009. Proginet expects that total revenues for the quarter will amount to approximately $2.2 million, compared to $2.9 million in the equivalent period last year. With operating expenses for the quarter amounting to $2.1 million, the Company expects to report a net income of approximately $80,000, compared to a slight net loss in the prior year. The Company's cash position has also improved to approximately $1.6 million.
Companies mentioned in this penny stock in play include:Proginet Corporation (PRGF) is trading up $0.06 at $0.71.
11:19 AM EST - : GeoVax Labs, Inc.: announced its third quarter 2009 financial results . The Company recorded a net loss of $230,815 for the three months ended September 30, 2009, compared to $722,108 for the same period in 2008. For the nine months ended September 30, 2009, the Company's net loss was $2,440,977 as compared to $2,688,970 in 2008. Net losses for all periods were partially offset by revenues related to the Company's grant from the National Institutes of Health (NIH) in support of its HIV/AIDS vaccine development activities. Grant revenues were $1,808,551 and $3,271,506 for the three and nine month periods ending September 30, 2009, respectively, as compared to $1,322,502 and $2,298,571 for the same periods in 2008. As of September 30, 2009, the Company reported cash balances totaling $3,416,692.
Companies mentioned in this penny stock in play include:GeoVax Labs, Inc. (GOVX) is trading down $0.0005 at $0.1675.
FRIDAY PENNY STOCKS IN PLAY (US)
4:07 PM EST - : Weststar Financial Services Corporation: reported consolidated assets increased 15.8% over September 30, 2008 to a record level of $223.6 million. Total loans on September 30, 2009 were $185.4 million - an increase of 17.6% from the level reported a year earlier. Deposits reflected a 17.6% growth to $195.8 million at September 30, 2009 compared to the prior year, and shareholders' equity increased 13.1% from September 30, 2008 to $17.8 million at September 30, 2009. Consolidated net income totaled $132,000 for the three months ended September 30, 2009 compared to $349,000 for the comparable period in 2008 - a decrease of 62.3%. On a diluted per share basis, earnings for the three-month periods of 2009 and 2008 decreased 60.0% from $0.15 per share to $.06.
Companies mentioned in this penny stock in play include:Weststar Financial Services Corporation (WFSC) is trading down $0.50 at $4.75.
4:05 PM EST - : Transgenomic, Inc.: announced financial results for the quarter ended September 30, 2009. The Company reported a net loss of $366,000 or $0.01 per share for the third quarter of 2009 as compared to a net loss of $499,000 or $0.01 per share for the third quarter of 2008. Net sales were $5.0 million during the third quarter of 2009, compared to $5.4 million during the comparable period of 2008. Gross profit from continuing operations was $2.8 million or 55 percent during the third quarter of 2009 compared to $2.9 million or 54 percent during the comparable period of 2008. Included in cost of sales was $0.3 million of inventory obsolescence. Operating expenses were $3.2 million during the third quarter of 2009 compared to $3.4 million during the same period of 2008. Excluding the impact of foreign currency revaluation gains/losses, operating expenses were down by $163,000 in the third quarter of 2009 compared to the same period of 2008. Included in operating expenses was $0.2 million related to the license for Cold-PCR from the Dana-Farber Cancer Institute. Cash and cash equivalents totaled $4.7 million at September 30, 2009 compared to $4.8 million at December 31, 2008.
Companies mentioned in this penny stock in play include:Transgenomic, Inc. (TBIO) is trading down $0.01 at $0.64.
11:35 AM EST - : Linux Gold Corp.: announced that it has completed an extensive data compilation for their Dime Creek, Alaska gold-platinum property. The data compilation is to be used to facilitate future lode and placer exploration programs on the property. The compilation from Dime Creek and nearby gold-bearing stream basins included; detailed microprobe analyses of placer platinum and gold recovered from six locations; mineralogical analysis of bulk heavy mineral concentrate samples (17 samples); rock chip sample program (33 samples); detailed motorized auger soil sample program (404 samples); ground magnetic survey; an extensive review of past mineral production and mine activity records from U.S. Geological Survey, the Alaska Territorial Department of Mines, the U.S. Bureau of Mines, and mint return records as found in unpublished Archival records.
Companies mentioned in this penny stock in play include:Linux Gold Corp. (LNXGF) is trading down $0.005 at $0.07.
11:33 AM EST - : iSECUREtrac Corp.: reported 47% revenue growth and cash flow positive operations for the quarter ended September 30, 2009. Total revenue for the quarter ended September 30, 2009 was $3.2 million, up 47% from the $2.2 million reported for the same quarter in 2008. Revenue from equipment leasing and services was up 40% over the same quarter the previous year. Year-to-date, for the nine months ended September 30, 2009 total revenues were up 35% from the prior year. The Company's operating loss for the quarter was $73,000, an improvement of 90%, or $685,000, over the same period from the prior year. Year-to-date the operating loss for 2009 is $464,000 -- an improvement of just over $2,400,000 (84%) over 2008.
Companies mentioned in this penny stock in play include:iSECUREtrac Corp. (ISEC) is trading up $0.0888 at $0.4888.
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