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Greece Nearing Bailout Agreement While Penny Stocks Surge Late In Summer  

Greece and international creditors seek to put final touches to a multi-billion euro bailout accord on Monday to keep the country financially stable and meet an important debt repayment to the European Central Bank within days. Germany implements “strict” conditions for future aid and stated it would be sensible to link the size of the first portion to Greece’s progress in executing its reforms, a reflection of worry around the euro zone that Athens might not do as promised. Coming to a agreement would be the end of the grim chapter on bailout talks for Greece, which argued against austerity terms, stated by creditors for much of the year before agreeing to a deal under the threat of being tossed out of the Eurozone. With that being said, this has had a minimal affect on the U.S economy particularly in the small cap sector of the market. Companies over different sectors have surged this summer and show no signs of slowing down. Cyber Apps World Inc (OTCMKTS:CYAP), Anavex Life Sciences Corp (OTCMKTS:AVXL), Actinium Pharmaceuticals Inc (NYSEMKT:ATNM) and America Resources Exploration Inc (OTCBB:AREN) have attracted the attention of investors as of late.

Cyber Apps World Inc (CYAP) a company dedicated to developing a global ecommerce internet platform for the purchase and sale of products and services by the way of mobile and computer applications across the world announced in June, they have entered into a marketing and licensing agreement for “Instant Coupon APP” with global release on the Cyber Apps World proprietary E-Commerce Platform. INSTANT COUPONS APP is an all in one ecommerce platform that permits consumers and businesses globally to be able to purchase and sell unlimited products and services. After what looks like a period of consolidation for CYAP it has recently come back to life. The stock saw lows of $0.15 three weeks ago and over the last week has seen a modest increase in volume with the stock price jumping to $0.26

Anavex Life Sciences Corp (AVXL) shares have been a steady increase over the last two months of 352.94 from lows of $0.34 in early June to highs of $1.54 in August. AVXL is currently trading between $1.40-1.45. AVXL announced on Monday morning that the company has been awarded a research grant from The Michael J. Fox Foundation for Parkinson’s Research to develop ANAVEX 2-73 for the treatment of Parkinson’s disease. “Companies that receive funding from MJFF have scientifically compelling plans that hold obvious potential to impact our understanding of Parkinson’s and ultimately the development of improved treatments for people with the disease.  To that end, we look forward to the results of the ANAVEX 2-73 study,” stated by Marco Baptista, PhD, Senior Associate Director of MJFF Research Programs. This is following the companies positive initial phase 2a study data with the treatment ANAVEX 2-73, which reported early evidence of improving cognition in Patients with Alzheimer’s disease.

Actinium Pharmaceuticals Inc  (ATNM) also in the biotech sector, the company develops innovative alpha particle immunotherapeutics announced Monday morning that they have completed foundational phases of development of an antibody construct named with actinium-225 using the company’s signature APIT platform. CEO Kaushik J. Dave had this to say, “These initial results confirm that we have a very robust technology that is well protected on all sides with appropriate intellectual property,” he concluded with, “We can now continue moving forward with further development and evaluation of this latest product candidate which expands our pipeline.” Over the last 10 days ATNM has seen an impressive 78.94% price run from lows of $1.52 as recent as August 3rd to highs on Monday of $2.72.

America Resources Exploration Inc (AREN)an oil and gas exploration and Production Company recently released a press release announcing they have acquired 2,834 acres of State-issued oil and gas leases in Emery County, Utah. Huang Yu, CEO of the company quotes, “Utah is one of the largest producers of oil and gas in the United States and as a first step we will be engaging an experienced petroleum engineer to assess the size of any potential oil or gas reservoir located on our leases.” This comes after the company announced they acquired an interest in 56 oil and gas wells located in Ellis and Harper Counties, Oklahoma. CEO had this to say, “We are excited to close on this acquisition and take full advantage of the lower commodity price environment,” he concluded with, “We are optimistic that oil and gas prices will rebound from current lows and provide many low-cost opportunities to increase production in these wells. Our efforts continue to allow for growth of cash flows and increased value for our shareholders.” Over the last month AREN has seen significant price movement of 393.33% from lows in July of $0.15 to highs nearing its 52-week highs on Monday at $0.74.

 

 

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