Active Penny Stocks in the News
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Gryphon Gold Corp. (TSX: GGN - News) (OTCBB: GYPH) reached up 11.70% in morning trading to $.21 with 340K shares traded. Gryphon Gold is a Nevada-focused gold exploration and development company. Its principal gold resource, the 1.4 million ounce (measured and indicated) and 1.1 million ounce (inferred) Borealis deposit, is located in the Walker Lane gold belt of western Nevada. The Borealis gold system is one of the largest known volcanic-hosted high-sulphidation gold bearing mineralized systems in Nevada. Gryphon Gold Corp. (TSX:GGN - News) (OTC.BB:GYPH - News) revealed its long-awaited mine development plan that will put its Mineral County Nevada Borealis Property on a fast-track pace of production, reaching positive cash flow four months after construction of its heap leach pad. The Company also gave its first-ever Outlook towards revenue that would rank the Nevada mining company sixth against its peers in annual ounces mined, once the mine was in full production.
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SOHM, Inc. (PINKSHEETS: SHMN) reached up 71.43% in morning trading to $.072 with 7M shares traded. SOHM, Inc. (PINKSHEETS: SHMN), a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories, today announced that the Company is expanding its generic drug distribution within the emerging pharmaceutical markets in Mexico and Latin America . The Company is currently working with large scale distribution organizations to form a strategic alliance in Mexico which is expected to accelerate market penetration and revenue growth both in Mexico and Latin America. The Company's direct manufacturing of generic pharmaceuticals allows pricing advantages and distribution of quality drugs to consumers remaining underserved or with limited access to medicine in this region.
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ICOA, Inc. (PINKSHEETS: ICOA) reached up 50% in morning trading to $.0006 with 17M shares traded. ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance and management of WI-FI hot-spot and hot-zone Internet access. ICOA, Inc. (PINKSHEETS: ICOA ) today announced that it has completed the documentation for the cancellation of the second tranche of 1.3 billion shares held by related parties. It would be effective by November 3rd, 2010.
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PokerTek, Inc. (NASDAQ: PTEK) reached up 36.99% in morning trading to $1.00 with 400K shares traded. PokerTek, Inc. (NASDAQ: PTEK), headquartered in Matthews, NC, develops and markets products for the gaming industry. PokerTek developed PokerPro automated poker tables to increase revenue, reduce expenses and attract new players into poker rooms by offering interactive poker that is fast, fun and mistake-free. PokerTek, Inc. (Nasdaq: PTEK) announced today that it has received company and product approval from Frances Minister of the Interior. France has nearly 200 gaming properties, many of which are entirely electronic, and PokerPro is currently the only electronic poker table approved in France.
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