Cavico Corp. (Nasdaq: CAVO) reached up 90.56% in morning trading to $3.24 with 1M shares traded. Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants, mineral exploration and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia. The Company now has three subsidiaries, Cavico Mining (HSX:MCV), Cavico Industry & Mineral (HNX:CMI), and Cavico Construction Manpower & Services (HNX:CMS), which are listed in Vietnam on the Ho Chi Minh and Hanoi Stock Exchanges. Cavico Corp. (Nasdaq:CAVO - News) ("Cavico" or the "Company") today announced that its subsidiary, Cavico Hydropower Construction, has signed a tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Khanh Vinh District, in central Vietnam's Khanh Hoa Province. The cost-adjustable contract is valued at approximately $7.75 million.
Advanced ID Corporation (PINK: AIDO) reached up 41.30% in morning trading to $.013 with 2M shares traded. Advanced ID Corporation provides global RFID solutions. Areas of focus include the industrial supply chain using the Company's proprietary technology for RFID tags and readers, which have been developed in cooperation with its Advanced ID Asia Engineering development partner in Chiang Mai, Thailand. Advanced ID Corporation (PINK SHEETS:AIDO - News) announces that the company has designed a Drive Over RFID reader system for trucks and buses. RFID tags in commercial tires have been an emerging market over the last five years because of the value of tire asset management in fleet operations. The third largest cost item of running a truck fleet is tires and proper management of this asset is important. The difficulties of reading all the tires of an eighteen wheel truck and trailer assembly are enormous and have prevented more widespread use of the RFID application. The labor involved in using a hand held reader to manually read every tire, especially the inner tires of a dual wheel setup, is prohibitive.
Gulf United Energy (OTCBB: GLFE) reached up 17.19% in morning trading to $.375 with 3M shares traded. Gulf United Energy (OTC.BB:GLFE - News) ("Gulf United" or "the Company"), an independent energy company with interests in oil and natural gas properties located in Peru and Colombia, has announced that its board of directors has expanded its membership from two to three members and subsequently appointed Thomas G. Loeffler to fill the newly created vacancy. Mr. Loeffler will qualify and serve as an independent director.
For a detailed quote on any of the following companies, or to read the full news articles visit PennyTrader.com
About PennyTrader.com
PennyTrader.com is a financial and investor relations website committed to covering the microcap market space including Pink Sheets and OTC Bulletin Board and sub-$5 big board stocks. We strive to provide you with the best stocks alerts in the market! We focus on OTCBB, OTC, penny stocks, sub-$5 big board stocks, and timely stocks picks and alerts. Our goal is to inform you of the HOTTEST stocks in the market before they move. Our staff has years experience in the stock market, and we are confident that you’ll be impressed with the results of our stock picks! If you wish to feature your organization on our website then you can contact us at publisher@pennytrader.com.
Disclosure: PennyTrader.com is not currently being compensated for any stocks covered in this midday report
PennyTrader.com is not a registered investment advisers or broker/dealer. PennyTrader.com makes no recommendation that the purchase of securities of companies profiled in this press release is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the micro cap companies covered and the potential lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. For our full disclaimer go to CLICK HERE
