Global Earth Energy Inc. (OTCBB: GLER) has exploded 298% to settle at $0.0205 with a volume of 62.8 million shares. The stock broke its resistance of 50 day moving average of $0.0064 and approached its 200 day moving average of $0.0205. Be careful trading this stock as it has a relative strength Index of 82.62, which is considered to be an overbought level.
Global Earth Energy, Inc. (Global) is engaged in building and operating green alternative energy technologies. Global focuses to operate a one million gallon per year biodiesel pilot plant. In addition to the production of biodiesel, Global is focusing into the parallel solar and wind turbine energy markets. Global focuses to offer advisory and transactional services to assist companies develop and implement sustainable alternative energy strategies. Global focuses to assist its client companies identify and prioritize business strategies. On May 10, 2010, Global Earth Energy, Inc., (the registrant), Global Earth Energy Acquisition Company, (the Subsidiary), 688239 B.C. Ltd. (688239 B.C.), and Melvin K. Dick executed and closed a Plan and Agreement of Triangular Merger (the Plan of Merger), whereby 688239 B.C. merged into the Subsidiary, a wholly owned subsidiary of the registrant.
Counsel RB Capital Inc. (OTCBB: CRBN) has gained 284.62% or $0.37 to settle at $0.50 with a light volume of 28,000 shares. The company has been trading under a very light volume and under its 50 day and 200 day moving averages with an overbought relative strength index of 86.7.
Councel RB Capital, (C2) owns certain patents, including two foundational patents in voice over Internet protocol (VoIP) technology the United States Patent Nos. 6,243,373 and 6,438,124 (together the VoIP Patent Portfolio), which it licenses. All activities relating to the Company's licensing of the VoIP Patent Portfolio, or its other intellectual property, constitute the Company's Patent Licensing operating segment. C2's target market consists of carriers, equipment manufacturers, service providers and end users in the Internet protocol (IP) telephone market who is using C2's patented VoIP technologies by deploying VoIP networks for phone-to-phone communications.
Echo Therapeutics Inc. (OTCBB: ECTE) had a solid gain of 24.48% or $.83 to settle at $4.22 a share with a surgeon volume of 1,118,362 shares compared to its average three-month volume of 185,284 shares. The stock has been ranging between $3.40 and $4.29 today but it has been trading between $.85 and $4.29 in the last 52 weeks.
Echo Therapeutics, Inc. (Echo) is a medical device and specialty pharmaceutical company. It is developing a non-invasive, wireless, transdermal continuous glucose monitoring (tCGM) system for use in clinical settings and for people with diabetes together with a range of transdermal reformulations of specialty pharmaceutical products previously approved by the United States Food and Drug Administration (FDA).
Northway Financials, Inc. (OTCBB: NWYF) has increased 9% or $.75 to settle at nine dollars even with a volume of 7,228 shares. The stock has been trading above its 50 day moving average of $7.77 and 200 day moving average of $7.16 with a relative strength indexof 82.93, which is considered overbought.
Northway Financial, Inc. (Northway) is a bank holding company. Northway's only business activity has been to own all of the shares of, and provide management, capital and operational support to Northway Bank (Bank), its subsidiary, and its Delaware statutory business trusts Northway Capital Trust III and Northway Capital Trust IV, affiliates of Northway. The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in securities, commercial loans, real estate loans and consumer loans.
Charter Communication Warrant (OTCBB: CCMMW) has gained 7.2% or $.72 to settle at $10.72 with an increased volume of hundred 29,046 shares compared to its average three-month volume of 19,000 shares. The stock has been trading between $10.25 and $10.72 with a price-to-earnings ratio 0.54.
Charter Communications, Inc. (Charter) is a broadband communications company operating in the United States. It offers its residential and commercial customers traditional video cable programming; high-speed Internet access; advanced broadband cable services, such as high-definition television, OnDemand video programming and digital video recorder service, and telephone service. On March 27, 2009, Charter and certain affiliates filed voluntary petitions in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court), to reorganize under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code).
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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.
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