New York, NY -- (ReleaseWire) -- 11/26/2012 -- Green Energy Renewable Solutions Inc. (PINK:EWRL)’s shares are showing high volatility as it was up 200% in the morning session. However, the stock quickly cools off from session high of $0.17 and was recently trading higher by 52% at $0.0910 with more than 11 million shares exchanged hands. There is no official news which could justify today’s price action. Green Energy Renewable is a development stage company without any revenue and net loss of $233K for the quarter ended Sep 29, 2012. Over the past one year, the company has been moving within a range of $0.01-$0.44.
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ICOA INC (PINK:ICOA) is the most active penny stock in Monday’s session with the stock prices moved up by 200% to $0.0003. Investors rushed to buy the stock on news that Google has reached an agreement to acquire ICOA INC in exchange of $400 million. The acquisition would help Google to operate i wireless access services in 40 states. Over the past few quarters, Google has shown increased interest into Internet access. The company has been working aggressively on several ways to improve the use of the Internet. More than 1.05 million shares have been traded hands, compared to its average volume of 926K shares.
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Southridge Enterprises Inc.(PINK:SRGE)’s shares continued to trade higher in Monday’s session and added another 29% at $0.0710, extended its weekly gain to over 130%. In Friday’s session, the stock was up ever 44.50% on very unusual volume in absence of any official news. Considering the recent rally, it seems like pumpers are trying hard to push up the stock by gaining attention from penny stock lovers. Interestingly, the stock made a new 52-week high of $0.02 in today’s session with more than 41 million shares have already being traded – 1.20X its average volume It would be interesting to see how the stock will perform going forward after the recent spike with any news.
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AMR Corporation(PINK:AAMRQ) continued to move up in Monday’s session and rose 10.22% to $0.496 on very unusual volume of 4.46 million shares by 11:44AM EST – 5X its average volume. The stock has recovered about 35% since November 09, after reporting revenue and traffic results for the month of October. The company said that capacity and traffic were down 3.40% and 3.70% (year-over-year) respectively. Consolidated load factor was down .30% to 82.30%. However, international load factor surged 0.50% to 81.30% supported by a decrease in traffic by 0.60% on 1.2% less capacity.
Find out more about AAMRQ by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=AAMRQ
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