Active Penny Stocks in the News
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General Automotive Company (OTCBB: GNAU) surges 85.19% in morning trading to $.20 with 295K shares traded. General Automotive Company (OTCBB:GNAU), a North American provider of aftermarket parts and advanced technology for the automotive industry, today announced it has an agreement to acquire privately held S.P.E.C., Inc. The transaction is expected to further position the Company as an organization that capitalizes on both organic growth as well as growth through strategic acquisition.
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Gen2Media Corporation (OTCBB: GTWO) reached up 16.67% in morning trading to $.42 with 158k shares traded. Gen2Media Corporation (OTCBB:GTWO), an innovative video technology company offering an Online Video Platform, video production and online video advertising, announced today completing the successful launch of the publisher version of its Online Video Platform for the Company's network radio partnerships. The newest version of the Gen2 online video software allows a large network partner to manage many publisher sites through one interface, including content management and advertising scheduling through one central location.
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Power-One, Inc. (NASDAQ:PWER) was up 16.77% in morning trading to $3.62 with 1M shares traded on breaking news out today. Power-One, Inc. (NASDAQ:PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, today announced financial results for the fourth quarter 2009. The Company's ongoing strategic initiatives, including growth strategies and a continued focus on efficiencies and expense controls, helped deliver expanded gross and operating margins, as well as positive operating cash flow and net income.
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Disclosure: PennyTrader.com principals have been compensated in the past twelve thousand shares from a third party, Windermere Capital Partners, for GNAU advertising and promotion services. PennyTrader.com principals have been compensated in the past two thousand dollars by a third party (Blue Wave Advisors) for a one week GTWO advertising and promotional program, and ten thousand dollars by a third party (Emerging Market Consultants) for GTWO advertising and promotional services. For complete disclosure information go to http://www.pennytrader.com/disclosure/
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