MMRF is holding the 200dma and appears to be trying to make the next leg up. The indicators are positioned and now we are looking for some volume to push through the resistance described in the video while, most importantly, holding support levels. Please click the following link: http://www.qualitystocks.net/videocharts.php?chartvid_id=446 Let us hear your thoughts below:
Exterra Energy, Inc., www.exterraenergyinc.com – the oil and gas exploration/production firm out of Amarillo, Texas which is pursuing a shrewd growth strategy through the acquisition of undervalued properties, announced a milestone in its East Texas package with the closing of 31 wells on 12 leases in the Woodbine Formation at the East Texas Field. An operational agenda announced in April projects the completion of the entire package as being just around the corner, and EENI’s closing on these wells will allow for immediate re-equipping and a projected net income of roughly $125k/month in 3-4 months after work-over. The package as…
Double Eagle Petroleum Co. reported the closing of the company’s purchase of oil and gas assets in the Atlantic Rim area. The purchase price was $8.4 million, with an effective date of January 1, 2010. Double Eagle Petroleum Co. acquired acreage in three separate areas from SM Energy. The company purchased a 3.08% working interest in the Catalina field, a 12.6% working interest in the Sun Dog field and a 1.15% working interest in the Doty Mountain field. Double Eagle Petroleum Co. already owned portions of these three fields prior to the deal, and now owns 72.4%, 21.5% and 18%…
Mainland Resources, Inc. announced that the company has started to drill a well to test the potential of the Haynesville Shale formation on its acreage in Mississippi. The Burkley Phillips No. 1 well is located on the Buena Vista Prospect, and will be drilled to a total vertical depth of 22,000 feet. The company will use the results of the well to test a 2,500 foot section of the Haynesville Shale. Mainland Resources, Inc. was attracted to the prospect due to a previous well drilled by a major oil and gas company in 1981. The Chevron Long encountered an over…
One company that is quickly evolving into a pioneer in their field is COPsync Inc. Located in Canyon Lake, Texas, COPsync is positioned to become one of the fastest growing software technology providers to law enforcement and emergency service professionals across the globe. Today, COPsync made a major announcement that they have reached an important milestone for their business. COPsync announced the implementation of the young company’s real-time information sharing technology for the Kinney County Sheriff’s Office in the state of Texas. This agency represents the 100th law enforcement agency that has signed a contract to implement COPsync’s state-of-the-art software.…
A-Power Energy Generation Systems Ltd. is the largest provider of distributed power generation systems in China. The company is also expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly projects of 25 to 400 megawatts, A-Power operates one of the largest wind turbine manufacturing facilities in China. In March 2009, the company entered into an agreement to establish a joint venture partnership with GE Drivetrain Technologies to produce wind turbine gearboxes in Shenyang. A-Power earlier this year also acquired Evatech, a designer and manufacturer of industrial equipment for amorphous-silicon (a-Si) photovoltaic panels. A-Power announced…
Ampio Pharmaceuticals, Inc., a developer of innovative proprietary drugs for metabolic disease, eye disease, kidney disease, inflammation and CNS disease, recently announced that the company has initiated a Phase II clinical trial of Optina™ for the treatment of diabetic macular edema, an early stage of diabetic retinopathy. Vision loss, diabetic macular edema and diabetic retinopathy are complications of diabetes mellitus that occur in roughly one third of patients 10 years after the onset of diabetes. Optina™ is an oral drug with an established human safety profile. Pre-clinical studies have shown the potential for Optina™ to significantly reduce diabetic macular edema…
Eastfield Resources Ltd. provided an update late yesterday regarding their Iron Lake project. The Iron Lake property is located in the Clinton mining division. It is approximately 45 kilometers northeast of 100 Mile House in south-central British Columbia, Canada. The Iron Lake property consists of 15 mineral claims encompassing 7,116 hectares. The Iron Lake property covers a large mafic to ultramafic intrusive body. Pyroxenite, olivine pyroxenite, gabbro, sodic pegmatite and diorite occur in contact with a large dominantly granodiorite batholith. The most recent drill program completed at the Iron Lake property was in 2006. The Iron Lake project is under…
The merger of VocalTec Communications Ltd., inventor of VOIP and the softphone, and YMAX Corp., the creator of magicJack and various products and services, resulted in an emerging entity with access to more than 30 patents. The company’s stated mission is to become the leading provider of global voice over many platforms. VocalTec recently announced a stock repurchase program in which the company may purchase up to $12 million of its common stock through the next 12 months, bought with positive cash flow from operations and $40 million in cash and securities on hand. The timing and actual number of…
VitaminSpice, an industry leader focused on manufacturing and marketing gourmet spices, announced today that they have received an order from Vitacost.com, the #1 online supplier of vitamins and supplements. With over one million active customers, Vitacost has established a thriving business since its inception in 1994 through promoting health and wellness by providing superior-quality vitamins, minerals, herbs, dietary supplements health products, low carb foods/drinks, nutraceauticals and organics direct to consumers at wholesale prices. VitaCost projects revenues in excess of $225 million for 2010. VitaminSpice was contacted by VitaCost early this year to express interest in carrying their products. In the…
