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Penny Stocks Watch List: (OTCQB: FARE), (OTCQB: AMBS)


New York, NY -- (ReleaseWire) -- 01/02/2013 --World Moto Inc. (OTCQB: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, is gaining in mid-day trading today after the company on Monday announced that it filed a patent for “an apparatus providing automated fare calculations and operating statistics to be installed on any means of conveyance.”

FARE is currently trading 4.69% higher at $0.183 on volume of 13.69 million, which is above the daily average volume of 12.37 million. The stock has gained more than 51% in the last three trading sessions. FARE is approaching $0.20 resistance level. The upward momentum will continue if the stock can break through this level.

Find out for how long could this announcement benefit FARE by getting the free full report here:

AmarantusBioSciences Inc. (OTCQB: AMBS), a development-stage biotechnology company engaged in the discovery and development of therapeutic proteins and biologics for the treatment of brain disorders, is seeing a huge rally in mid-day trading today, extending its gains from the previous trading sessions.

AMBS is currently trading 31.97% higher at $0.174 on volume of 14.60 million, which is below the daily average volume of 19.93 million. The stock has now gained nearly 132% in the last three trading sessions.

AMBS has been gaining momentum after the company last week announced the acquisition of neurodegenerative diagnostic intellectual property portfolio from Power3 Medical Products. The company also announced last week that it will present at Biotech Showcase 2013.

Find out if AMBS could maintain the momentum by getting the free full report here:

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Michael Baine