NEWARK, Del.--()--PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
“Management anticipates being active on at least three other prospects before year end. With gold prices at all-time highs, management is optimistic about Canasia's prospects as we continue to expand the multiple mining prospects within the Company.”
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
AMBAC Financial Group Inc. (NYSE: ABK), $1.02, +$0.32, 45.71%, provides financial guarantees and financial services to clients in both the public and private sectors on a global scale. AMBAC is trading near its high today of $1.03, with over 76 million shares traded. The last company announcement earlier this month revealed the third quarter financials reporting on a net income of $2,188.3 million compared to a net loss of $2,431.2 million for the same quarter last year. The results can be attributed to significant unrealized mark-to-market gains in the credit derivatives portfolio and gains resulting from reinsurance cancellations during the quarter. Complete results have been posted by the company.
Canasia Industries Corporation (TSX-V: CAJ), $0.16, +$0.02, 14.29%, is a Canadian based exploration company focused on aggressive pursuit of world class mineral deposits. Canasia is trading near its high today of $0.165, slightly over a 14% increase from yesterday’s close. Higher traffic volume may be attributed to the announcement that Kinross, which has a mineral lease agreement with Canasia on its Debut prospect, has completed the first phase of the drilling project. The agreement between Kinross and Canasia requires Kinross to spend $3 million in exploration. Graeme Sewell, Director of Canasia, looks forward stating “Management anticipates being active on at least three other prospects before year end. With gold prices at all-time highs, management is optimistic about Canasia's prospects as we continue to expand the multiple mining prospects within the Company."
DryShips Inc. (NASDAQ: DRYS), $7.16, +$0.11, 1.56%, based in Greece, is a global provider of marine transportation services for drybulk cargoes and off-shore contract oil drilling services. DryShips reached a high today of $7.30 and is currently trading at a volume of 54 million. The company announced that it has commenced a public offering of $300 million aggregate principal amount of convertible senior notes. The Company intends to use the proceeds for vessel acquisitions, working capital and other general corporate purposes.
instaCare Corp. (OTCBB: ISCR), $0.155, +$0.026, 20.16%, is making gains today with 9 million shares trading hands, reaching a high of $0.16. The company, involved with providing prescription drugs, prescription diagnostics, at-home testing and medical/surgical products through several distribution channels announced its third quarter results. InstaCare reports third quarter revenues of $4,491,831 compared to $3,439,271 for the same period last year. For the first nine months of 2009 the company reported revenues of $14,669,886 compared to $9,257,347 for the same length of time in 2008. The company attributes the increase in revenues to the sale of at-home medical diagnostic and medical disposable products for patients with chronic diseases.
Gold Wheaton Corporation (TSX-V: GLW), $0.36, +$0.04, 12.50%, is making gains today with volume of 25.1 million, a significant increase from yesterday’s close of 7.3 million. Gold Wheaton is a mining company with its main focus on sale of gold, platinum and palladium. The company is trading on no recent news since its last announcement of the third quarter financials reporting a revenue of $6.8 million, $2.2 million less compared to the same quarter last year.
About Picksthatmove.com
PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.
Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366
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