Benzinga's Microcap Movers for Monday May 21, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Shares of Gear International (GEAR), the Garden Grove, CA designer and marketer of golf clubs, rose 63.79% Monday on 61 times the average daily volume.
Gear International released financial statements Sunday demonstrating significant improvement in asset value and cash on balance from 2010 to the current fiscal year.
Complemented by a series of asset acquisitions and joint venture agreements on several mining claims, the underlying company financials suggest a fundamental enhancement of shareholder value could soon be realized. GEAR has added 5 mining claims and improved its cash reserves. Additionally, GEAR management is anticipating a market correction in the value of the company's stock after successfully eliminating a hostile shareholder from the float.
GEAR's value to its stockholders continues to exhibit transformational potential. During the period between December 31st 2010 and December 31st 2011, GEAR's stockholder equity transformed from a negative value to over 7 million dollars with minimal public activity or wealth generating capacity. In 2012, management's substantial improved GEAR's brand awareness, activities, and asset claims.
Gear International closed at $0.04 on Monday.
Cuba Beverage Company
Shares of Cuba Beverage Company (CUBV), the San Diego, CA manufacturer and innovator of a line of herbal, all-natural energy beverages, rose 22% Monday on 16 times the average daily volume.
Cuba Beverage Company announced Monday that it has executed a distribution agreement with Hom's Enterprise to bring its line of CUBA Herbal Energy Juice® to China. The distributor has forecasted approximately 20,000 cases of Cuba products will be sold in Mainland China this year, which is valued to add US$360,000 in sales to Cuba Beverage in 2012.
Cuba Beverage Company closed at $0.18 on Monday.
e-Future Information Technology
Shares of e-Future Information Technology (NASDAQ: EFUT), the China-based provider of software and services, rose 21.09% Monday on 145 times the average daily volume.
eFuture Information Technology announced Monday an agreement with Nestle Water to provide their Sales Force Automation service, a mobile Cloud service, in Beijing and Shanghai.
SFA is a mobile-based platform that connects sales teams from consumer goods companies to information such as replenishment and promotions in real time from any location, via smartphone providers Android and iPhone, and also on tablets. SFA also provides mobile field tools for managers to identify and supervise team performance and productivity.
Adam Yan, eFuture's Chairman and Chief Executive Officer, said, "The official launch of our cloud service offering marks an important milestone in the development of our company. Not only does it provide for us a new stream of monthly recurring revenue, it also allows us to offer an expanded portfolio of solutions to our world-class retailer clients, as well as to other small to mid-sized retail and consumer goods companies. I firmly believe eFuture's Cloud Service is a meet-the-market solution that is expected to become a pioneering model as other retail and consumer goods companies look to build more efficient and effective sales automation systems."
e-Future Information Technology closed at $4.88 on Monday.
The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.
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