Feel Golf Company, Inc. (OTCQB:FEEL) (PINK:FEEL) reached up 33.33% in morning trading to $.0004 with 125M shares traded. Feel Golf Company (FEEL) is a leading innovator and manufacturer of high performance golf products, and the only golf company whose products are designed, built and backed by PGA members. Feel Golf Company, Inc. (OTCQB: FEEL.PK - News) (Pinksheets: FEEL.PK - News) announced the Company's financial results for the second quarter ended June 30, 2011. Net sales for the quarter ended June 30, 2011 increased 175% to $411,061, compared with $149,738 for the same period last year. Net loss was $758,327 or $0.00 per share, compared to a net loss of $4,259,837, or $0.10 per share for the same period last year. Gross margin increased $258,317, or 2,232%, as compared to the same three month period in 2010.
Li3 Energy, Inc., (OTCBB.LIEG) reached up 12.58% in morning trading to $.17 with 950K shares traded. Li3 Energy, Inc. is an exploration and developmental stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. Li3 Energy, Inc., (OTC.BB.LIEG –News) announced that it has executed a Securities Purchase Agreement with POSCO Canada Ltd. ("POSCAN"), a wholly-owned subsidiary of POSCO, (NYSE:PKX - News), a Republic of South Korea multinational global leader. POSCO, with over $60 billion in revenue, is one of the largest steel manufacturers in the world and has global operations in energy, chemicals and materials. POSCO has been actively evaluating, pursuing and partnering on leading lithium projects globally.
Gulf Resources, Inc. (Nasdaq:GURE) reached up 16.76% in morning trading to $2.02 with 550K shares traded. Gulf Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC") and Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil & gas field explorations and as papermaking chemical agents. Gulf Resources, Inc. (Nasdaq:GURE - News) today announced that the Company's subsidiary Shouguang City Haoyuan Chemical Ltd. Co. has signed a compensation agreement with the local government of Yangkou Town, Shouguang City, PRC for costs related to the relocation of the Company's Factory No. 4 on August 22, 2011.
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