SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:
Stocks Are Higher As Investors Scoop Up Beaten Down Financials
Wall Street moved sharply higher Thursday as investors took advantage of bargains in financial stocks after two straight days of heavy declines.
In late morning trading, the Dow jumped 102.67, or 0.89 percent, to 11,635.63.
The Standard & Poor's 500 index rose 5.61, or 0.44 percent, to 1,291.44, and the Nasdaq composite index rose 18.62, or 0.77 percent, to 2,447.24.
Bonds edged higher after the Labor Department's data. The yield on the benchmark 10-year Treasury note, which moves opposite its price, dipped to 3.91 percent from 3.94 percent late Wednesday.
The dollar fell against other major currencies, while gold prices also fell.
Oil prices fluctuated, and had little discernible impact on stock trading. Light, sweet crude rose 0.04 cents to $116.04 a barrel on the New York Mercantile Exchange.
Wednesday’s Top Performing SmallCapVoice.com stocks:
Today’s SmallCapVoice.com Hot Stock to Watch:
Mantra Venture Group Ltd. (OTC BB: MVTG) is today’s hot stock to watch.
Mantra Venture Group Ltd. is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the
E.S.D. (website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.
Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to
Mantra
Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in
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