The larger markets saw turbulence during Friday’s trading session. The Dow dropped in early trading but began battling back toward the final half hour of the day. Furthermore, oil and gold prices continued to see stressed levels with the anticipation of the Federal Reserve meetings ahead in the coming days. Amidst this volatility many small cap stocks and micro cap stocks found uptrending channels. The gains from these penny stocks were seen in many sectors of the market including health care stocks, marijuana stocks, and even beverage stocks.
High Performance Beverages Inc (OTCMKTS:TBEV) has been on a whorl wind ride over the last 48 hours. After closing on Wednesday at $0.0009 the stock has now managed to jump as high as 178% after hitting highs on Friday of $0.0025. September 9 High Performance Beverages Inc (OTCMKTS:TBEV) announced a new sales launch date of September 18th for the High Performance Sports Beverage.
Progressive Care Inc (OTCMKTS:RXMD) previously announced that the company has continued to maintain a record setting year following the recent quarterly results and operating numbers from the month of August. Not only did RXMD post a 32% increase in prescription sales compared to the previous year but they had also expressed that the company’s subsidiary, Pharmco has become on of the preferred pharmacies for managed care organizations, which has lead many providers to recommend PharmCo to its patients for prescription services. Strong results are backed up by continued growth and this is what Progressive Care Inc (OTCMKTS:RXMD) has demonstrated with these latest results.
Hemp Inc (OTCMKTS:HEMP) has rebounded over the last 24 hours. Since hitting lows on Thursday of $0.05, shares of HEMP have hit highs of $0.06 on Friday marking a total reversal of 20%. Early Thursday morning the company announced that David Schmitt the COO of Industrial Hemp Manufacturing, Hemp Inc (OTCMKTS:HEMP)’s subsidiary, had been elected to the North Carolina Industrial Hemp Association Board of Directors for the 2015-2016 term. The Association has been lobbying the state’s legislature to legalize Industrial Hemp.
Santo Mining Corporation (OTCMKTS:SANP) has seen an increase of volume this past week of trading. The company owns Cathay Cigars of Asia, the first and only one-stop online cigar distributor in Asia. The company has developed a Chinese social media-marketing program, to build brand awareness for cigar manufactures with access to a network of over 5 million cigar aficionados in China. The company recently released news this past week stating it has redomiciled from the State of Nevada to Florida. In doing so the company will save 60% in corporate State filing fees. The CEO of the company stated, “We are so strongly committed to this effort, that all corporate directors including myself will not accrued any back salaries, and all directors have and will sign an employment agreement that states they will earn no more than a yearly salary of $1USD and 15% sales commission.” He continued with, “The years of non-revenue of SANP and empty promises of pay dirt stop here, our goal is to reduce cost by 60% to 70% and post revenues for the first time in the history of the company. ” This past week Santo Mining Corporation (OTCMKTS:SANP) has been able to record gains of 150% from lows of $0.0002 to highs of $0.0005.