Lakeway, NY -- (SBWIRE) -- 02/07/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
SWINGPLANE VENTURES (OTC:SWVI) shares increased 12.86% and closed at $0.395 in yesterday’s session. The company yesterday update information on previous work program. The Algarrobo Property (the "Property") is located approximately 850 km north of Santiago, in the III Region, Province of Copiapo, Chile. The city of Copiapo is located approximately 43 km to the southeast of the Property, with the small port city of Caldera 25 km to the east. The Property consists of 32 tenures, comprising a total of 6,161 ha.
Additionally, the company on Jan. 30, announced a NI43-101 report and outlines extensive mineralization. The company's Algarrobo Property (the "Property") is an Iron Oxide –Copper–Gold (IOCG) property located approximately 850 km north of Santiago, in the III Region, Province of Chanaral, Chile.
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Pulse Beverage Corp (PINK:PLSB) shares fell 10.28% to $0.960 in the last trading session. The company yesterday announced that it has secured The Odom Corporation, a major wholesaler for the Pacific Northwest which includes territories in Oregon, Northern Idaho and Eastern and Western Washington State. The Odom Corporation is a “Premier Wholesale Beverage Distributor” that has been family-owned and operated for over 78 years and headquartered in Bellevue, Washington, serving an area of more than 12 million people.
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Medical Marijuana Inc (PINK:MJNA) shares dropped 11.07% to $0.273. The company, on Jan. 22, pre-announce its fourth quarter earnings. The company earned net income of approximately $3.39 million on gross revenues of $5.10 million for the quarter ended December 31, 2012. This represents a gross revenue increase of over $2.0 million compared to the prior quarter ended Sept 30, 2012. When compared to the same quarter ended December 31, 2011 this represents revenue increase of $4.5 million and over 1,100 percent.
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Echo Automotive, Inc. (OTC:ECAU) shares gained 8.33% and closed at $2.08. The company, on Feb. 5, announced that Company executives met with Greg Ballard, Mayor of the City of Indianapolis, last week and he took a personal test drive of an EchoDrive™ equipped Ford E-250 hybrid demonstration vehicle. Ballard, Mayor of the country's 11th-largest city, signed an executive order in December requiring the city to replace its nearly 500 non-police vehicle fleet with electric or plug-in hybrid vehicles.
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Concurrent Computer Corporation (NASDAQ:CCUR) shares fell 3.19% and closed at $7.90 after CCUR’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Feb. 4. The firm currently has a $7.90 target price on the stock.
Additionally, the company, on Jan. 29, said second quarter revenue was $16.6 million compared with $16.4 million for the same period in fiscal 2012, and $15.0 million in the preceding quarter. The company reported net income of $673 thousand, or $0.08 per diluted share, in the second quarter of fiscal 2013, compared with a loss of $833 thousand, or $0.10 per diluted share, in the same period in fiscal 2012, and net income of $325 thousand, or $0.04 per diluted share, in the preceding quarter.
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