CORAL GABLES, FL / ACCESSWIRE / June 3, 2015 / Wednesday morning the Dow Jones Industrial average headed higher and tested new highs for the month of June, attempting to break a 2-week downtrend, which began late in May. The Dow held levels above 18,151 through the early morning session as positive sentiment rang through the markets. According to CNN's Fear/Greed Index, "Stocks have outperformed bonds by 2.85 percentage points during the last 20 trading days. This is close to the strongest performance for stocks relative to bonds in the past two years and indicates investors are rotating into stocks from the relative safety of bonds."
This hasn't only sparked renewed momentum for the Nasdaq, Russell, and S&P during Wednesday's morning session either. The OTC market has also begun to see its fair share of increased market momentum as many penny stocks continue to receive more interest from speculative traders and small cap investors. Corporate updates and material news have helped to fuel this interest. Companies like Coates International, Ltd. (PINKSHEETS: COTE), Enviro-Serv, Inc. (PINKSHEETS: EVSV), and Accurex, Inc. (OTCQB: ACXA) have all seen volume and price movement that have been well above the respective averages.
This week Coates International announced that that some of the Company's existing orders have been updated and reconfirmed in 2015. International Sales and Marketing Director of Coates, Mr. Howard Barmil, DBA, MBA, has delivered updated firm orders totaling $50,486,200.00. "The demand for our CSRV natural gas industrial engines and generator sets is increasing. Some of these updated orders from the UAE have increased and almost doubled in size. This is a good sign as we just started production at our headquarters in New Jersey. We will need more skilled workers now," stated President and CEO, Mr. George J. Coates.
Over the last week, shares of COTE have rallied from an opening price of $0.0016 on Monday to highs of $0.0165 with volume trending above average and bullish.
Enviro-Serv Inc announced several new developments on the Company's front. Not only has the pest control organization closed on its largest deal to date, but as far as previously announced government contracts, Enviro-Serv management is very much optimistic with regard to a positive outcome to their bid. Since May 1st, shares of Enviro-Serv have jumped up as much as 1,400% and have shown a recent price channel between $0.0009 and $0.0014.
In response to the recent excitement that Enviro-Serv has seen from a business perspective, Company CEO Chris Trina stated yesterday, "I am hugely excited about X-Terminate Pest Management, our wholly owned subsidiary, as it's hitting on all cylinders right now. Not only are we very excited and preparing for the mid-July conversion into Pestmaster Services but as of [June 2] and with this newest termite contract we are well on our way for a record breaking second quarter in revenues."
In line with seeing a rebirth in market activity, Accurexa Inc. has become more familiar with trading activity. Previous to these last few weeks, the market for ACXA was relatively dormant however recent interest in biotech has echoed outside of the NASDAQ and NYSE and into the OTC. Many of these biotech stocks, especially ones considered "penny stocks," have seen increased attention in 2015. The recent American Society of Clinical Oncology annual meeting has been a catalyst for many of these stocks to rally and in turn, direct more attention to the biotech stock sector. Over the last few weeks, volume has increased for Accurexa and price has climbed from as low as $0.60 to highs of $0.70.
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