Shares in the Electronic Cigarettes Group (OOTC: ECIG) have continued higher since our last profile on the company 9 days ago. The stock was trading at $3.80 at the time of my last report, with the stock closing at $4.60 in the markets today. Intraday trading also saw shares climb as high as $5.50 which was a recent high and obviously bought some profit taking from short term traders.
We’ve seen quite the improvement for HCHC over the last year. Since dropping to a year low in November of last year, HC2 Holdings has doubled its stock price, in the fourth quarter of this year. Following announcements at the end of September that new board members were chosen, stocks rose quickly, but have dipped down again.
For Princeton, NJ based Soligenix Inc news of extended coverage and a new price target at the end of September couldn’t have come at a better time. With the stock at $1.95 and close to a 52 week low it was a ballsy call by research firm Vista Partners who announced an increased price target from $5.50 to $7.00 or a 300% increase from current levels.
In order to avoid the continued volatility in shares of Harvard Illinois Bancorp the volume really needs to start to pick up on a consistent basis. Shares closed down $1.00 today after being as high as $9.25 intra-day they finished at $7.80 which makes it tough for short term investors.
Last week we reported on California based Ubiquity, Inc (OTCBB: UBIQ). At the time of writing, trading in UBIQ was very volatile with intra-day moves of as much as 40%. As of last Friday 17th October, UBIQ announced the completion of a financing that will add over $11M to their bank and the impact on the stock has been significant. In spite of concerns over rumors of UBIQ being a ponzi scheme, the stock has been trading up over 50% since the news. Friday’s closing at $2.73 was followed up by a big day yesterday and shares are changing hands today at $3.00. The only major concern is that although trading has spiked a little, the last 10 day volume is still only at 66,083 shares and don’t forget that’s been bolstered by some big news.
Shareholders of HOLL have had a tough year as the stock is currently down year to date by -13.56% with limited trading volume after delisting from the NASDAQ. Today, it has yet to move at all, but yesterday it closed up +10%, saving Friday’s fall of -12%.