Penny stocks are down modestly in midmorning action as the market continues to deal with liquidity concerns. Financials are reversing course from earlier gains amid continued credit woes. Treasuries are higher and remain as a safe-haven investment amid skittishness over economic strength and the credit crunch.
Monday’s Top Performing SmallCapVoice stocks included:
International Oil & Gas Holdings Corporation (Pink Sheets: IOGH) which was one of SmallCapVoice’s top performer for 8/20/07 closing up over 16% on trading volume of 256,250 shares.
International Oil & Gas Holdings Corporation recently announced that the Company has contracted to purchase a property containing a 52,000 square foot building situated on 4.8 Acres in Guymon, Oklahoma. With the addition of this building, the company’s planned biodiesel production capacity can be scaled to produce 100 million gallons of biodiesel fuel per year, a dramatic increase over current production levels.
Platina Energy Group, Inc. (OTC BB: PLTG) was another SmallCapVoice’s top performer for 8/20/07 closing up over 9% on trading volume of 471,191 shares.
Platina Energy Group, Inc. recently announced that it had reached total depth and finished drilling its first well on the Young County prospect one week ahead of schedule, and has struck oil.
Today’s Hot Stock To Watch;
S3 Investment Company, Inc. (Pink Sheets: SIVC), a holding company with two subsidiaries doing business in the China market, today announced the selection of Richardson & Patel, LLP to provide legal representation for the reverse merger clients of Redwood Capital, Inc.
Redwood Capital is a wholly owned subsidiary of S3 Investment Company which assists private Chinese companies in accessing the U.S. capital markets by utilizing a network of investment banking relationships to achieve reverse mergers into U.S. public “shell” companies.
SIVC is today’s SmallCapVoice’s hot stock to watch.
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