Oil prices increased more than 4.5% on Thursday after a rally in equity markets and an unexpected drop in U.S. crude inventories, but concerns over the Chinese economy and a global oil glut kept the outlook tentative. Global stock markets jumped as Chinese shares rebounded on hops that government measures to excite the economy would pay off, while the dollar strengthened as risk aversion loosened. Oil markets climbed up from a six and a half year low, although investors are still concerned about big fuel surplus, which is hurting the price of crude for immediate delivery and filling stockpiles globally. Oil prices increasing have ignited the markets particularly in the small and micro cap sector. Entertainment Arts Research Inc (OTCMKTS:EARI), Eventure Interactive Inc (OTCBB:EVTI), Forward Industries Inc. (NASDAQ:FORD) and Great Basin Scientific Inc (NASDAQ:GBSN) have been sparked by the higher oil prices.
Entertainment Arts Research Inc. provides services and products that educate, inform and entertain users. The Company’s four companies offer services for email marketing, social media marketing, text marketing campaigns, database design, database management, lead generation programs, design and develop apps, boutique app platform to showcase apps, online educational programs, video games, web content and interactive entertainment. The company’s most recent press release discussed that their tech marketing company GoLoyal will start to offer text-messaging services for clients. The CEO Joseph Saulter said, “The move to offer text messaging services is another way for our clients to stay informed with their Customers. We are building the infrastructure that will allow us to manage all communication through social media for our Clients. This is vital for all companies as they look to maximize customer relationships.” EARI over the last month has seen an increase of 233.33% from lows of $0.042 to highs of $0.14. The stock is currently seeing trading levels between $0.04-$0.06.
Eventure Interactive Inc. a social application and technology development Company whose mission is to enrich event participation announced on Thursday that it has withdrawn a recently filed PRER14C Information Statement with the hopes to increase Common Stock Authorized Shares totaling to two-billion and keeping the current authorized total at one billion. CFO of the company Michael Rountree states, “With the sole focus of providing for long-term shareholder value as well as securing needed financing, we believe the moves that we made today best satisfy our short and longer-term objectives.” On Thursday the stock jumped 76.92% opening at $0.0013 and seeing highs of $0.0023.
Forward Industries Inc. a designer and distributor of custom carry and protective solutions announced this week it has signed an extension with Bayer Healthcare LLC. The extension entails the company will supply global custom carry cases for their diabetic products through the end of the year 2018. CEO of the company Terry Wise stated, “Getting this supplier extension from one of the major players in the industry is testament to our ability to supply quality products on a timely basis. Additionally, our ability to meet complex compliance requirements in a highly regulated industry gives us a significant advantage over our competitors. We are consistently given high ratings in quality performance from all our multi-national clients.” This week alone FORD has seen an impressive price run of 482% from lows on Monday of $0.50 to highs on Thursday of $2.91.
Great Basin Scientific Inc. a company that specializes in molecular diagnostics released news on Thursday morning announcing it has granted permission to management at its discretion to settle certain cashless exercises of its Series C Warrants while using cash rather than shares. CEO Ryan Ashton quoted, “Great Basin remains on plan with all 2015 and early 2016 product and customer objectives, and given that progress and our growing confidence in timing of the revenue growth it will bring, we are confident our balance sheet has adequate strength for us to use cash for certain settlements of cashless exercises of the Series C Warrants.” On Thursday GBSN has seen an significant increase of volume that led to a spark in price jumping 30.85% from a day’s low of $0.35 to highs of $0.45.