CORAL GABLES, FL / ACCESSWIRE / June 24, 2015 / Typically many investors "sell in May and go away," which traditionally means that the summer months can tend to be a bit slower than average. However, this may not be the case during the early day of America's hotter months. In fact, stocks that historically have seen light to moderate trading activity are now seeing the reverse of that; moderate to high activity. Many of these penny stocks can be found in all different sectors including biotechnology, mining and metals, the marijuana industry, and even the services industry. Companies like US Precious Metals (OTC: USPR), Speed Commerce Inc. (NASDAQ: SPDC), and Enviro-Serv, Inc. (OTC: EVSV) have all seen their fair share of positive movement within the market for penny stocks during the early parts of the summer.
US Precious Metals saw one of its highest days of volume during Tuesday's session. The stock hit highs of $0.199 and traded well above its 30-day average after closing out the day with 1.85million shares traded. The Company focuses on its drilling program in Michoacan, Mexico and owns exploration and exploitation concessions to approximately 37,000 contiguous acres of mineral rights. In their most recent shareholder update, David Burney, USPR's geologist, stated, "We are seeing significant zones of mineralization with Bornite, Pyrite and Chalcopyrite clearly visible. This is indicative with what we have seen from our prior drilling campaigns and we are eagerly awaiting the assay results to confirm our observations."
Speed Commerce has also seen heavier trading volumes in the market. In fact on Tuesday the stock traded roughly 3 times its 30-day average volume and saw highs of $0.37. This is nearly 85% higher than where the stock was trading at this time in May. Positive findings from its recently filed SEC 10-K show that the company has grown. Financial highlights include an increase in net revenues by 53% to $36.6 million compared to the same Q4 in 2014, a gross profit margin increase of 290 basis points to just over 25% compared to the same period in the prior year’s fiscal results, and an overall increase in revs by 12% in Speed Commerce's Fiscal 2015 compared to the of its 2014. "Our fiscal fourth quarter was a very productive recovery from our challenging holiday season," said Richard Willis, president & CEO of Speed Commerce. "Our operations team has done a remarkable job increasing efficiencies and delivering great service to our customers.”
Enviro-Serv saw continued momentum during the first few days of summer. The stock closed up 28.57% from it’s opening price on Tuesday. The last announcement made by the company included a plan to close on its franchise deal with Pestermaster Services on or before June 30, 2015. Over the course of the last year, Enviro-Serv has been working to attain proper funding in order to push forward with development plans within its pest control division through the Xterminate subsidiary. "Management is optimistic on the future of this new agreement and anticipates the participation in more federal opportunities in the future. The consummation between X-Terminate and Pestmaster Services demonstrates the overall focus that the Company has in generating significant revenues during the remainder of 2015 with an emphasis placed on the upcoming busy season for pest control in the State of Florida."
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SOURCE: Daily Stock Reporter
