CORAL GABLES, FL / ACCESSWIRE / June 2, 2015 / Historically summer months have meant the "slow season" for active traders in the stock market. Vacations, family outings, and simply taking time off have all been reasons for attention to be focused on anything but the stock market. This year however may be a bit different as the outlook on consumer spending suggests that money is being socked away versus being used for consumer goods. U.S. consumer spending growth mysteriously put the breaks on in April when households simply cut back on purchases of things like automobiles and opted instead to build savings.
This has suggested that the economy was struggling to gain momentum early in the second quarter. So with "spare change" lying around, are investors using it to put that back into the market? For companies like Enviro-Serv, Inc. (PINKSHEETS: EVSV), Clean Diesel Technologies, Inc. (NASDAQ: CDTI), and Accurexa, Inc. (OTCQB: ACXA), these penny stocks have seen quite the opposite of a "slow season" bolstered by industry momentum and company announcements.
In fact, this morning Enviro-Serv came out with press, which discussed the Company's largest contract to date. Not only did it mark a milestone for Enviro-Serv, but this particular agreement is also the beta test in proving [Enviro-Serv's] concept and securing future business from their new client. Noah Bressack, Florida Realtor and property manager for RE/MAX Bay to Bay stated, "As I approach 60 managed properties under my control it's imperative I find lower cost more convenient methods of termite eradication to appease both my clients the property owner's and of course our tenants most importantly. Chris Trina and X-Terminate Pest Management seem to be a perfect fit going forward, and if this first contract goes well this week I will have a lot more work for this company going forward."
Tuesday morning the share price for Enviro-Serv has jumped from a close on Monday of $0.001 to hitting a high of $0.0013 before 11AM, up another 30%.
Clean Diesel Technologies, Inc. also made an announcement Tuesday. The Company, which utilizes a proprietary patented "Mixed Phase Catalyst" technology along with other related technologies, provides high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road combustion engine systems. In Tuesday's release, Clean Diesel announced initial vehicle test results for Spinel(TM). This is the Company's proprietary clean emissions exhaust technology and is expected to dramatically reduce the cost for auto manufacturers to attain increasingly stringent clean air standards. According to Clean Diesel, the data gathered, demonstrated that a Spinel underfloor catalyst with 97% less platinum group metal (PGM) "achieved emissions control performance equivalent to the OEM catalyst."
Tuesday morning shares of Clean Diesel jumped 65% from its Monday closing price of $2.05. Volume has also trending well above average during the early Tuesday morning session.
Accurexa, Inc., a biotech company focused on the development of two programs in its current pipeline. These include Accurexa's BranchPoint device, which is designed to deliver stem cells or gene therapy as well as its ACX-31, which works to deliver temozolomide, a chemotherapy drug, directly to brain cancer sites with it BranchPoint device. Over the last 2 weeks, this relatively dormant stock has begun to seen an increase in trading momentum and price. Since the last week of May, price has moved from lows of $0.60 to highs on Tuesday of $0.70 and volume, though relatively lighter in comparison to the previous companies mentioned, has begun to see an increase as well. According to Accurexa, its BranchPoint device was developed at the University of California, San Francisco with $1.8 million in funding from the California Institute for Regenerative Medicine and is based on a neurosurgical delivery platform, which was exclusively licensed from UCSF.
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