9 Penny Stock Top Picks

Posted by on Sep 08, 2010 | No comment

Universal Detection Technology (OTC: UNDT) is moving higher following news that it has received a purchase order for its 5-agent biological detection equipment from Boeing Service Company, a fully owned subsidiary of Boeing Defense. At last check, the stock was up 200.00% to $0.0021 on nearly 150 times the average trading volume. (OTC:UNDT), (UNDT)

BRAVADA International Ltd. (PINK: MFLI) is up 10.00% to $0.0110 on heavy volume of 20.17 million shares, nearly 10 times the average trading volume. The California-based company announced that it has begun its North American online affiliate marketing program for its full line of women’s fitness wear, fashion activewear and in-home fitness and yoga equipment at BravadaWomen.com. (PINK:MFLI), (MFLI)

A5 Laboratories Inc (OTC: AFLB) is down 1.09% to $0.910 on above-average volume of over 414K shares. So far the stock has reached a 52-week low of $0.11 and a 52-week high of $7.50. A5 Laboratories is a contract research based organization servicing the pharmaceutical and biotechnology companies in North America. It utilizes its research capabilities to license and acquire novel biotechnology products for development and commercialization. (OTC:AFLB), (AFLB)

Medical Alarm Concepts Holdings Inc. (OTC: MDHI) is currently unchanged at $0.0130 on 1.13 million shares. The company announced an alliance with software industry leader Micro Key Solutions for the development of a proprietary monitoring software for the home healthcare/hospital industry. (OTC:MDHI), (MDHI)

Viking Systems Inc. (OTC: VKNG) is rising following the news that it has received an FDA 510(k) clearance for its Next Generation 3DHD visualization system. Viking Systems is a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery. Shares are up by 46.07% at $0.409 on 1.63 million shares, over eight times the average volume. (OTC:VKNG), (VKNG)

Wolverine Exploration Inc. (OTC: WOLV) is down 23.43% to $0.134 on above-average volume of over 946K shares. The junior exploration company, which focused on the exploration of mineral properties in Labrador, Canada, announce an update on the ongoing diamond drill program on its 90% owned Cache River Property.(OTC:WOLV), (WOLV)

Power3 Medical Products Inc. (OTC: PWRM) is down 4.22% to $0.0227 on volume of 1.50 million shares. The stock has a 52-week range of $0.02 – $0.22. Power3 Medical Products is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease and Parkinson’s disease and amyotrophic lateral sclerosis. (OTC:PWRM), (PWRM)

Highline Technical Innovations. Inc. (PINK: HLNT) is down 14.89% to $0.0040 on high volume of 87.71 million shares, over two times the average trading volume. The company last week announced an update on its recent activities. (PINK:HLNT), (HLNT)

China America Holdings Inc. (OTC: CAAH) is higher after confirming its financial outlook for 2010 and projecting “improving market trends” toward fiscal 2011. China America Holdings is a holding company with a 56% stake in Shanghai, China-based Shanghai Aohong Chemical Co. Ltd., a distributor of assorted liquid coolants. Shares are up by 12.50% at $0.0180 on over 157K shares. (OTC:CAAH), (CAAH)

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