Micro Cap and small cap stocks have a stigma of high-risk high reward and this has been most notable during the last 2 months. Today in particular several penny stocks have climbed to heights that any Wall St. vet would consider impressive. The industries of these companies have no relation and many of those penny stocks in play are fueled by sheer market momentum.
Glori Eneergy Inc. (NASDAQ:GLRI) announced earlier this week that it has announced a new chairman of the board. The stock has suffered an incredible loss over the last 3 months after dropping from highs of $3.87 to as low as $1.18. During the Thursday session this stock has jumped by from an open of $1.46 to a high of $1.95; a 33% move. Glori Energy is a Houston-based energy technology and oil production company that deploys its proprietary AERO technology to increase the amount of oil that can be produced from conventional oil fields. Glori owns and operates oil fields onshore U.S. and additionally provides its technology as a service to E&P companies globally.
CHC Group Ltd (NYSE:HELI) has also found a favorable market heading into the long holiday weekend. After opening the day at $0.62, shares of HELI have moved up to highs of $0.92 after the company filed its most recent quarterly report. The retirement of its long-term debt and additional financing were two highlights of the company’s fourth quarter and full year operating results. CHC Group is the parent company to CHC Helicopter, a “leader in enabling customers to go further, do more and come home safely” including oil and gas companies, government search-and-rescue agencies and organizations requiring helicopter maintenance, repair and overhaul services through the Heli-One segment.
Enviro-Serv Inc (OTCMKTS:EVSV) has seen a rapid increase in share price this year. Through it’s subsidiary XTerminate, the Company has identified a growing need in the state of Florida to handle pest control services in the Tampa area. Recently management solidified a franchise agreement with Pestmaster Services resulting in Xterminate now operating as Pestmaster Tampa. The agreement opened the doors for the company to take advantage of additional oppoturnities with regard to government contracts. In the pest control industry there are a limited number of approved service providers and it so happens that the Pestmaster organization is one of those approved to bid on government contracts. Since April, the stock has been up as much as 1,400%.
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