Top Penny Stocks: Four Trending Small Cap Stocks on Tuesday April 12

MIAMI, FL / ACCESSWIRE / April 12th, 2016 / Daily Stock Reporter is issuing a report on four stocks to watch. LNCO, AMMJ, FREE, and HPJ have been added to our watch list today. Continue reading to find out why. - To get daily alerts on top stocks on the OTC, Nasdaq and NYSE subscribe to our newsletter at DailyStockReporter.com.

American Cannabis Company, Inc. (OTCQB: AMMJ) is a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry. In late March, the company announced its Las Vegas client, TGIG, has initiated cultivation and processing operations at its production facility, and opened its first dispensary, The Grove, in Pahrump, Nev. Since April 7th the stock has been climbing from lows of $0.1291 with early highs on Tuesday (4/12) of $0.17. Volume has also begun to increase over the last few days as other cannabis related stocks have reflected similar moves.

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Linn Co, LLC (NASDAQ: LNCO) announced that LINN has entered into a settlement agreement (the "Settlement Agreement") with certain holders of the Company's $1.0 billion of outstanding 12 percent Senior Secured Second Lien Notes due 2020 (the "Second Lien Notes"), which collectively hold more than two-thirds of the outstanding principal amount of the Second Lien Notes. Shares of LNCO have increased in price by as much as 11% before the 11AM EST hour on Tuesday 4/12.

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FreeSeas Inc. (NASDAQ: FREE) is a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels and an owner of a controlling stake in a company commercially operating tankers. On Tuesday April 12, the stock has seen an increase in trading volume and price. FREE reached highs of $0.136 during the early opening hours of the market.

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Highpower International, Inc. (NASDAQ: HPJ) is a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider. On Tuesday April 11 the stock increased in price to highs of $3.07. This was after closing on April 11 at a price of $1.96. After above average volume propelled the stock to this early morning high, the total movement equated to 57%. In the company's earnings report from March, they noted that Lithium battery net sales increased 14.9% to $78.6 million from $68.4 million and EBITDA increased 20.7% to $10.3 million, compared to $8.6 million; Adjusted EBITDA was $10.1 million compared to $9.7 million.

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