Small Cap Stocks Lead the Charge for Market Trend Reversal
CORAL GABLES, FL / ACCESSWIRE / August 28, 2015 / The last week has been turbulent as major indexes have entered deep into correction territory. During the last five years the Dow has only seen four occurrences when closing losses hit 400 points or more in a single session. Last Friday the Nasdaq lost over 3% and joined the other major averages in negative territory for 2015.
Furthermore U.S. stock index futures saw a decline early this morning, as the bumpy ride in global markets persists. Amidst the turmoil, the small cap stock and micro cap stock space has seen a very different chain of events with many penny stocks hitting near record volume and new highs. Entertainment Arts Research, Inc. (PINKSHEETS: EARI), American Green, Inc. (PINKSHEETS: ERBB), and Eventure Interactive, Inc. (OTCQB: EVTI) have all seen a positive reaction on Wall Street.
During the last month, Entertainment Arts Research, Inc. has announced two key developments. The first was the closing of GoLoyal, a custom email marketing, social marketing, and web design company. Through the expansion of the Company’s services, management previously stated that it is optimistic that it can further enhance its revenue model with more acquisitions to maximize its GoLoyal’s 1,500 customer base. This announcement was quickly followed up with new reports on the addition of a text messaging service for GoLoyal just a few weeks later.
The overall goal of the company is to provide services and products that educate, Inform and Entertain. In a recent CEO interview, EARI’s CEO Joseph Saulter stated, “We believe that interactive learning will become dominant learning method that will replace traditional instructions. All instructional products and curriculum, assessments, and professional development must be authentic, context-based, problem-based, and interactive to meet the new learning needs. We see great potentials of career-related educational products and tremendous needs of instructional materials and services in STEM and career and technical education.”
After the company filed its most recent quarterly report, share price and volume had greatly increased Thursday afternoon. Following an opening price of $0.054 the stock closed up 103.7% at the high of the day, $0.11 on record trading volume.
American Green, Inc. also demonstrated how the micro-cap space has distinguished itself from the larger markets. Thursday the company announced that it’s Colorado partner, Herbal Elements, had been approved for retail marijuana product manufacturing. The result is that the overall quantity of legal cannabis products has increased and can now be produced by their facility.
Stephen Shearin, American Green president stated, “Now that Herbal Elements is approved to sell both recreational and medical products, we’ll be able to greatly expand our patient, customer, and wholesaler relationships which we believe will also lead to an increase in brand awareness.”
During Thursday’s market session, the stock traded a total of 193,796,384 shares and saw prices range from lows of $0.002 to highs of $0.0045 before closing up 58.33% from the open at $0.0038.
Eventure Interactive, Inc. has been on an upward trend since Tuesday when shares hit lows of $0.0011. Since then the stock price has risen to highs of $0.0023; a difference of 109.1% within the matter of 3 trading days. The company recently announced that it will withdraw the PRER14C Information Statement that would have otherwise increased the company’s common stock authorized share amount.
“The Board of Directors continues to weigh all options to maximize our Capitalization structure. With Eventure’s funding partners, it has been concluded best to work within the current authorized amount for future financings,” said Michael Rountree, Chief Financial Officer of Eventure Interactive, Inc. “With the sole focus of providing for long-term shareholder value as well as securing needed financing, we believe the moves that we made today best satisfy our short and longer-term objectives.”
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