PORTAGE RESOURCES (POTG.PK) Leads Nightly Small-Cap Business Report
August 08, 2011 West Palm Beach, Fla. – Penny Stocks Closing on Strong Gains POTG, EMXC, EMLL, MMTC, BIEL despite financials leading an extended sell-off Monday with Bank of America, down 20%, contributing to a 634 point drop in the Dow Jones Industrial Average.
Market Internals
OTCBB Total Volume 574, 093, 959 Million, Advancing Issues 235 Declining Issues 733
Pink Sheets Total volume 3.5 Billion Shares, Advancing issues 580 Declining issues 3245
The most active bullish penny stocks at the close of trading includes: POTG, EMXC, EMLL, MMTC, BIEL
1- PORTAGE RESOURCES (POTG.PK) close .274 exploding 31.49% on breakout volume of 35.9 million shares exchanging hands at the close.
POTG traders and investors are anticipating a bottom reversal at these oversold levels. A close above the 10 day moving average would confirmed this technical event.
Portage Resources Inc. engages in the acquisition, exploration, development, and production of precious and base metals in Peru. It holds an option to acquire a 100% working interest in the Wukakuy property, a 600 hectare project located in the Putina district, southeastern Peru.
2-eMax Holdings Corp. (EMXC.PK) last trade .0023 advancing 27.78% on better than average volume of 82.4 million shares at the close of trade.
EMXC had a technical breakout above a short-term resistance level of .0019. a weekly close above this short-term support level would be extremely bullish going forward.
eMax Worldwide, Inc., through its subsidiaries, engages in multimedia and family entertainment content, as well as properties operations.
3-El Maniel International, Inc. (EMLL.PK) close .0009 gaining 50% on better-than-average volume of 160.1 million shares exchanging hands on the day.
In the company's latest press release EMLL announced its accelerated plans for preliminary operations in Papua New Guinea (PNG) "We are thrilled with the progress of our venture in PNG and we are currently gearing up to commence alluvial gold mining operations much earlier than previously planned and we are expecting to initialize pilot operations in about 60 days or sooner" according to Jamie Khoo, CEO of El Maniel International, Inc.
El Maniel International, Inc., a development stage company, focuses on gold field exploration and mining, and oil terminal operations.
4-Micro Imaging Technology, Inc. (MMTC.PK) last trade .009 exploding 100% on surging volume of 115.1 million shares at the close of trade.
MMTC had a very strong technical close above it's most recent short-term highs of .0048. a weekly close above this level would be extremely bullish.
Micro Imaging Technology, Inc., a development stage company, engages in the development of fluid monitoring systems for water monitoring, food processing, and clinical applications in the United States.
5-BioElectronics Corporation (BIEL.PK) last . 0157 moving up 20.77% on better-than-average volume of 21 million shares.
In the company's latest press release BIEL announced it has filed a response to the FDA concerns on the mechanism of action for the Company's Allay™, Menstrual Pain Therapy product. This response is predicated on additional physiological research, independent studies, and confirming bench testing to verify the working basis for the clinical results produced by its therapy.
BioElectronics Corporation manufactures and markets drug-free anti-inflammatory medical devices and patches containing an embedded microchip and battery that deliver pulsed electromagnetic energy for anti-inflammatory and pain relief therapy under the ActiPatch, Allay, RecoveryRx, and HealFast names.
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