Hot Penny Stock of the Day; UNDT Skyrockets 429% in Early Trading

Posted by on Sep 08, 2010 | No comment

Shares of Universal Detection Technology (OTC: UNDT) are soaring in today’s trading. The penny stock is seeing huge activity in early trading, and at last check, it was up 428.57% to $0.0037, with volume up from daily average of 3.30 million to 135.17 million.

The penny stock has a 52-week range of $0.00-$0.001. It is now trading above its 20-day and 50-day moving averages.

The penny stock of Universal Detection Technology soared after the company announced that it received a purchase order for its 5-agent biological detection equipment from Boeing Service Company. The detection equipment can check for biological threats such as anthrax, ricin, botulinum, Y.Pestis and SEBs within a few minutes.

Commenting on Boeing’s purchase order, Jacques Tizabi, CEO of Universal Detection Technology, said that with last year’s recognition from the U.S. Department of Homeland Security as an Approved Product for Homeland Security under the Safety Act, the company’s 5-agent biological detection kit has been an important choice in biothreat security for a number of large companies. Tibazi said that the company’s 5-agent biological detection kit is a very reliable and fast on-site test for harmful bioagents.

Los Angeles, California-based Universal Detection Technology develops monitoring techniques, which includes bioterrorism detection devices. Along with its development partners, the company is positioned to capitalize on opportunities related to Homeland Security. The company supplies government agencies, defense sector and commercial companies with its early-warning monitoring technologies.

For the quarter ended June 30, 2010, Universal Detection Technology had revenue of $1,099. The company registered a net loss of $624,557, or $0.0005 per share for the quarter ended June 30, 2010. For the same period in 2009, the company reported a net loss of $756,815, or $0.0029 per share. The company ended the quarter with cash and cash equivalents of $5,182.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Copyright Beacon Equity @ 2012