Investor Alley Inc.

Update on Selected Picks: (OTCQB: BLUF), (PINKSHEETS: PGLC)

 

New York, NY -- (ReleaseWire) -- 01/18/2013 -- BluForest Inc. (OTCQB: BLUF), a company focused on operating as a carbon offset marketing company, is soaring in mid-day trading today. At last check, BLUF was trading 20% higher at $0.120 on volume of 3,000, which is nearly a third of the daily average volume of 19,207.

BLUF is gaining momentum after Global Resource Energy Inc. (OTCBB: GBEN) announced that it purchased 66,000 Certified Emission Reduction Credits from BLUF. Global Resource will make a payment to BLUF in the form of 3,000,000 restricted shares of GBEN.

Charles Miller, President and CEO of BluForest, said that the company is happy about the sale of the CERs and looks forward to potential working relationship with GBEN.

Get all the latest news and reports on BLUF by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=BLUF

Pershing Gold Corp. (PINKSHEETS: PGLC), a company engaged in the exploration and development of gold and precious metals properties primarily in Nevada, is down sharply in mid-day trading today. At last check, PGLC was trading 3.94% lower at $0.490 on volume of 934,915, which is below the daily average volume of 1.24 million.

Despite the sharp decline in trading today, PGLC is still up more than 45% for the week, thanks mainly to the gains on Tuesday and Wednesday. PGLC could rebound from around $0.40 support level. The stock is facing resistance at around $0.525.

Find out more on PGLC by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=PGLC

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