CORAL GABLES, FL / ACCESSWIRE / May 28, 2015 / With the rise of one of the longest bull markets in US history, stocks continue to uphold posture going into the "doldrums" of summer trading. The unfortunate part about doldrums are, we most likely have not seen any signs of them to this point and right now in the world of volatile, risky penny stocks, day traders, swing traders and even some fundamental investors have found themselves looking into these lower priced small cap companies exactly for the potential for market momentum to trigger big swings in price; what penny stocks have traditionally been known for.
During this last and shortest week of May, these stocks have captivated the investment community; some of them include US Precious Metals Inc. (OTCQB: USPR), QED Connect, Inc. (PINKSHEETS: QEDN), and Auri, Inc. (PINKSHEETS: AURI).
Earlier this year, U.S. Precious Metals announced the hiring of ACT HOLDINGS, LLC, to act as operator for the Company's 2015 core drilling program on its mining concessions located in Michoacan, Mexico. According to the Company, the program initially consists of 5,000 meters that target areas near drill holes from prior drilling campaigns to expand and define known mineralized zones at depth. As of the most recently filed quarterly, US Precious metals has realized an increase in cash and assets by more than $298,000USD. Over the course of the last month (since May 1st) shares of USPR have increased in price by as much as 74% from lows of $0.111 to highs on Thursday (5-28-15) of $0.194.
QED Connect has also begun to see a pick up in market momentum. Earlier in April, the Company announced the signing of a Letter of Intent by Green M&A Solutions to acquire title for three concessions for the mining rights located in the jurisdiction of Remedios, municipality of Department of Antioquia. The LOI includes the acquisition of facilities and equipment for a 100 tons per day processing plant located at the mine. QED announced the signing of a stock purchase agreement in March with Green M&A Solutions. As is the case with many penny stocks and sub penny stocks, volatility can ignite momentum and over the last two days, shares of QEDN have catapulted from a closing price on Tuesday of $0.0007 to highs on Thursday of $0.0018 before the 2 o'clock hour. Prior to this latest spike, QED had been in a downtrend spanning the better part of the last 2 quarters.
Auri, Inc. announced today several key developments for the company, which seem to have been a catalyst for market activity seen during the Thursday session. The company, management, and its attorneys agreed that Auri will commence the process of up listing the company to the next tier and to a fully reporting status; OTCQB and OTCQX. Furthermore, based on the Company's acquisition path, management has decided to agree on a 3 year outstanding shares lock up. "This agreement will enable the company to have an intelligent path to the completion of one of its largest acquisitions. This corporate action will position the company in a healthy market capitalization structure of: 1) TOTAL locked SHARES of 1,249,342,479. 2) TOTAL OUTSTANDING SHARES 1,311,670,675.and leaving TOTAL FREE TRADING SHARES (the float in the market) of 62,328,196," states management.
Since opening Thursday morning at $0.001, shares price has increased by as much as 570%.
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