There’re catalysts everywhere in today’s stock market especially for penny stocks. Low priced, speculative stocks like these can have tendencies to jump up big percentage points or see swings in positive volume after making announcements. For companies in these small cap and micro cap sectors, many times it matters less to investors of what the market as a whole is doing as compared to what each company is doing specifically. These announcements can range in focus on anything from a simple business update to something much more substantial like news of a product launch or contract signing. Even when large cap stocks are tanking, risk taking investors have not been shy when it comes to buying penny stocks.
In fact today health focused company Axxess Pharma (OTCMKTS: AXXE) announced action inciting news after releasing an early morning press release stating that the company through its subsidiary AllStar Health Brands Inc., has placed a new order of the company’s Tapout Pain Relief Line and Extreme Muscle supplements with Amazon.com. “We are pleased to announce this latest re-order of our products from Amazon.com,” said Dr. Daniel Bagi, President of Axxess Pharma. “We are pleased that we continue to be selling our products well online, and that we have such a tremendous opportunity to help people achieve their fitness goals and get the pain relief that they so desperately need.”
Many times the initial order with an online marketplace such as Amazon can be a beta phase to see what kinds of demand a particular product has. With Axxess, this new order could signify that the TapouT brand of products that the company currently offers has been well received and may also place it as a staple product on the Amazon shopping network. This news has sparked increased market activity as the stock has seen an increase in price by as much as 6% while volume has been trending above average during the Tuesday morning, post Memorial Day Weekend session.
In more penny stock news Tuesday morning, Accel Brands, Inc. (OTCMKTS: ACLP) through its Village Tea Company Distribution, Inc. division, announced that it has re-launched its premium loose leaf tea brand at select Whole Foods Markets® in the SW Region. Following this announcement, shares of Accel jumped from an opening price of $0.0001 to a high of $0.0004 with nearly half a million shares traded leading into the first hour of Tuesday’s afternoon session. In response to this announcement, Janon Costley, CEO of Village Tea stated, “As the summer season draws near we will use this opportunity to showcase the various ways that Village Tea Company products can be enjoyed even during the ‘dog days’ of summer as we continue to look for exciting new ways to expand our brand’s retail presence and our company’s platform as a leading, year round health and wellness lifestyle brand.”
Cellceutix Corporation (OTCMKTS: CTIX) announced this morning (5/26/15) that enrollment has commenced in the Company’s Phase 2 clinical trial of Brilacidin-OM for the prevention and treatment of oral mucositis in patients undergoing chemoradiation for treatment of head and neck cancer. According to the Company, this will be a randomized, double blind, multi-center trial evaluating its Brilacidin-OM oral rinse compared to a placebo rinse for the treatment of the often debilitating effects of oral mucositis, inflammation and ulceration that occurs in the mouth as a side effect of certain cancer treatments. Following its opening price of $2.61 and running to a high of $2.85 prior to the lunch hour. Volume has also topped the 30 day average (256,123 a/o 5-22) at over 278,000 traded just before the 1 o’clock hour.
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Last week power production company Powerdyne International (OTCBB: PWDY) released an announcement stating that the Company has successfully completed its installation of the first PDI Power Solution for Powerdyne’s new client, Farmacia Brisas del Mar. According to management, this “is the final step in transitioning the Company from a development stage to a fully operational business.” In the release the company stated that it anticipates that with this first installation along with the pipeline of probable clients that it will not only be able to show the added value of the PDI Solution but it also demonstrates the aptitude of the team of professionals that are providing these turnkey solutions for installation. Following this announcement, shares of PWDY jumped from an opening price of $0.0004 to highs of $0.0011. Currently the price of PWDY has hovered between $0.0005-$0.0007 during the morning session on Tuesday 5-26.
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