Mammoth Energy Group, Inc. (PINK: MMTE) was up 7.69% with a Relative Strength Index of 62.72. Stock had an almost 500% run recently with a volume of at least 15 times the normal average. After all, the stock was nearly at zero with very low volume. It seems the stock is in an uptrend since if you draw a horizontal line from the chart's lows, you will notice that the stock is making higher highs. Keep an eye on this, it just might be a multi-bagger.
Mammoth Energy Group, Inc., a developmental stage company, engages in the development and production of oil and gas projects. It holds a working interest in an oil and gas project located in Pawnee County, Oklahoma. The company was formerly known as Technigen Corporation and changed its name to Mammoth Energy Group, Inc. in February 2006. Mammoth Energy Group, Inc. was founded in 2006 and is based in New York, New York.
Quasar Aerospace Industries, Inc. (PINK: QASP) rose 3.85% with a volume of 77.2 million and a Relative Strength Index of 76.2, clearly in a overbought territory. Volume has nearly doubled as the stock pierced through its 50-day moving average. There were no MACD crossovers, so its too early to tell whether there's a bullish trend. In my opinion, it might pull back to 0.0020 level before continuing its uptrend.
Quasar Aerospace Industries, Inc. engages in the design, manufacture, and sale of aircrafts and aircraft components in the United States. The company also operates a flight school at Herlong Airport in Jacksonville, Florida. In addition, it imports and sells aircrafts and aircraft components. The company is based in Jacksonville, Florida.
Topza Resources Inc. (OTCBB: TOPZ) has clearly followed a rule of the Bollinger Bands. When Bollinger Bands tighten up, meaning the two lines parallel to each other are getting close to one another, and if at the same time the stock starts to cling to one of the bands, then it reverses from its position. Not all the time, but most of the time. If you notice at the end of Dec. 24th this is exactly what had occured before the stock shot up 36%. RSI also gained momentum rising from 30 to 50. Stock ended up closing at $0.01 with a hefty volume of 4.0 million shares.
IDO Security (OTCBB: IDOI) has clearly stepped up to the arena with an incredible volume spike of 214 million shares traded by the market close. Company stock rose 25%, which is not a significant move given the fact that the stock is only 0.0005 cents.
IDO Security Inc. engages in the design, development, and marketing of devices for the homeland security and loss prevention markets. Its products are used in security screening procedures to detect ferrous and non-ferrous metallic objects concealed on or in footwear, ankles, and feet through the use of electro-magnetic fields.
GreenShift Corp. (OTCBB: GERS) has been unchanged, however the volume has been on a tear as it closed 131.1 million at $0.0002. Its 50 day-moving average is at $0.0002 as well, but the 200-day average is at $0.0009. Since the spread between the two is very large, it will not be considered a bullish scenario if it passes the 50-day moving average, in other words, since the stock has been declining for a longer time period, the MA has come down significantly and is not a viable measurement anymore.
GreenShift Corporation, together with its subsidiaries, develops and commercializes clean technologies that facilitate the use of natural resources in the United States. It owns four corn oil extraction facilities in Oshkosh, Wisconsin; Medina, New York; Marion, Indiana; and Riga, Michigan. The company also owns a bio-diesel refinery located in Adrian, Michigan; and an oilseed crushing facility in Culbertson, Montana.
OTCpicks.com is not a registered investment advisers or broker/dealer. OTCpicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. Always do you own homework before investing in any stock.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com has not been compensated for any stocks listed in this stock news report
Five Stocks with Recent Volume Spikes: MMTE, QASP, TOPZ, IDOI, GERS