02/11 PRE-MARKET: CEHC-OTCBB, UBR-TSXV, CNY-TSXV
Greeting penny stock traders,
Here is our pre-market action lineup.
* Caphas Holdings (CEHC-OTC BB, 0.088) CEHC has tried to break the 0.10 ceiling four times in the past 2 weeks. The last two trading sessions have traded far above average volume, indicating some gears are turning behind the scenes.
* Uranium Bay Resources (UBR-TSX Venture, 0.03) UBR has recently provided an update on the conclusion of its 2008 exploration program at their Uskawanis uranium project in Northern Canada. Management was perplexed by what the initially found, and investigated further, revealing a potential deposit much larger than initially expected. Bernard Tourillon, Chairman, stated “With the completion of our drilling program, UBR has once again demonstrated that the potential of the Uskawanis uranium property has yet to be fully understood, identified and developed. Although the results were not as originally expected, the possibility that the property has more potential than initially realized has now been opened up.” The stock is typically illiquid, however it popped on over 750,000 shares traded. Could signal a new upward phase has begun.
* Coniagas Resources (CNY-TSX Venture, 0.40) Not many shares outstanding on CNY, which facilitated yesterdays pop in share price to 0.40 (from the previous close of 0.25). The company just reported promising drill results on its lithium project. CNY is in the process of raising $1.8 million for continued exploration on this promising property.
Until next time
To your profitable penny stock trading,
Penny Stock Rockets