Comstock Homebuilding Companies, Inc. (NASDAQ:CHCI) reached up 18.42% in morning trading to $1.80 with 170K shares traded. Comstock is a multi-faceted real estate development and services company. Their substantial experience in building a diverse range of products including single-family homes, townhouses, mid-rise condominiums, high-rise condominiums and mixed-use (residential and commercial) developments has positioned Comstock as a prominent real estate developer and homebuilder in the Washington, D.C. marketplace. Comstock Homebuilding Companies, Inc. ("Comstock") (NASDAQ:CHCI - News) announced yesterday afternoon that it has begun construction on a 103-unit rental apartment community in the Cascades master planned community located in the Potomac Falls area of Loudoun County, Virginia. The project is being financed with a five-year, $11.0 million construction/mortgage loan provided by Cardinal Bank of Tysons Corner, Virginia (NASDAQ:CFNL - News).
Magellan Petroleum Corporation (Nasdaq:MPET) reached up 13.36% in morning trading to $2.80 with 141K shares traded. Magellan Petroleum Corporation, through its wholly owned subsidiary, Magellan Petroleum Australia Limited, and its majority controlling interest in Nautilus Poplar LLC, is engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves worldwide. The Company engages in oil and gas exploration and production in Australia, North America, and the United Kingdom. Magellan Petroleum Corporation (the "Company") (Nasdaq:MPET - News) (ASX:MGN.ax - News) reports that the Company and its strategic investor, Young Energy Prize, S.A. ("YEP"), executed an Investment Agreement on February 11, 2011.
Bonanza Goldfields Corp. (PINK:BONZ) reached up 11.20% in morning trading to $.0139 with 7M shares traded. Bonanza Goldfields Corp. (Pink Sheets:BONZ.pk - News) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
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
