Parafin Corp. (PINK:PFNO) has exploded 142% or $0.001 to settle at $0.0017 with an increased volume of 200 million shares. The stock has pierced over its 50 day moving average of $0.00082 and 200 day moving average of $0.00239 with a relative strength index of 75.
ParaFin Corporation (ParaFin) is a development-stage company. The Company is engaged in the acquisition and exploration of oil and gas properties. Parafin executed a farmout agreement with Guarani Petroleum Exploration, S.A. to acquire the development rights to Hydrocarbon Concessions in the Republic of Paraguay. The concessions consist of 2,456,453 hectares (approximately 6,069,994 acres) in the Alto Parana Block, Alto Parana Province, Paraguay.
Royal Energy Resources Inc. (OTCBB:ROYE) has gained 308% or eight cents a share to settle at $.10 a share within exploding volume of 8.7 million shares compared to its average three-month volume of 22,000 shares. For the past 52 weeks the stock has been trading between one cent a share and $.12 a share with a current market capitalization of $7.41 million.
Royal Energy Resources, Inc. is a development-stage company. The Company is engaged in the gold, silver, copper and earth metals mining concessions in Romania, Bulgaria and Canada, and mining leases in the United States. It focuses to concentrate its resources in energy projects. As of August 31, 2010, its oil and gas leases consisted of approximately 3,400 and 6,000 acres in Weston, Goshen, Niobrara, Converse, Campbell, Freemont, Laramie, Sublette and Platt Counties, and Wyoming. In addition, the Company holds the lease for uranium rights on approximately 1,000 and 3,500 acres in Wyoming. In June 2010, the Company sold its over-riding royalty interest in the Cirque Resources transaction. As of August 31, 2010, the Company did not have any proved reserves.
SpectrumDNA Inc. (OTCBB:SPXA) has gained 204% or two cents a share to settle at three cents with an increased volume of 1.6 million shares compared to its average three-month volume of 42,000 shares. For the past 52 weeks the stock has been trading between one cent and $.15 a share with a current market capitalization of $1.73 million.
SpectrumDNA, Inc. is a social media studio that creates digital networked applications that are engines of engagement (enginets) for institutions, primarily media outlets and brand advertisers seeking to capture specific audiences (social nicheworks) and audience behaviors, and develop advertiser-safe user-generated and user-marketed content. Enginets are branded Web and wireless based network experiences Web apps and mobile apps that provides users to take active roles in their community.
Trey Resources Inc. (OTCBB:TYRIA) has gained 100% or $0.0006 to settle at $0.0020 with an increased volume of 140,417,000 shares compared to its three month volume of 48,000 shares. The stock has been trading near its 50 day moving average and 200 day moving average levels of $0.00012 with a relative strength index of 56.69.
Trey Resources, Inc. is a business consultant for small and medium sized businesses and resellers and developers of financial accounting software. It also publishes its own electronic data interchange (EDI) software. It specializes in software integration and deployment, programming, and training and technical support, aimed at improving the financial reporting and operational efficiencies of small and medium sized companies.
China Logistics Group (OTCBB:CHLO) has gained 80% or eight cents a share to settle at $.18 with a moderate volume of 234,000 shares compared to its average three-month volume of 72,000 shares. The stock has been trading above its 50 day moving average of $0.091 and 200 day moving average of $0.075 with a relative strength index of 75.39.
China Logistics Group, Inc. sells cargo space and arranges international transportation through land, maritime and air routes primarily for clients seeking to export goods from China. The Company's subsidiary, Shandong Jiajia International Freight and Forwarding Co., Ltd. (Shandong Jiajia), acts as an agent for international freight and shipping companies.
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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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