Because the oil prices have soared in the last few years, investors are increasingly looking into putting their money into oil penny stocks. These are also known as micro stocks, nano stocks, or oil small cap stocks. Oil penny stocks make an attractive investment, because they are affordable to virtually any investor due to their low prices.
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The Canadian stock market is definitely booming right now, so it’s worthwhile looking into investing there. Even though the economy has slowed down a bit now after its rapid recovery from the 2008-09 recession, Canadian penny stocks remain a good choice for investment.
Before you venture out to get the best penny stocks from Canada, there are a few things you should consider. If you are a U.S. citizen, it will be necessary for you to find a stockbroker who can deal with Canadian penny stocks. Then you will need to research the top Canadian penny stocks and the companies that offer the best returns. To trage Canadian penny stocks you need to go on the Toronto Stock Exchange (or the TSX), and this is a venture capital marketplace for established and emerging Canadian companies. Because of the increasing popularity of the TSX, some foreign companies also list their stocks on it.
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CLICKER Inc. (PINK:CLKZ)
On Monday this stock surged by nearly 85 percent, closing at $0.0305.
Clicker Inc. is a Web publisher and Internet brand builder. Its main focus is to build brands and properties that incorporate social networking, and which leverage content, commerce and advertising for Internet users across the globe.
The surge in the price of the stock comes after the company announced that it has purchased a portal: DaHoodBuzz.com, and launched a new site Sportsgulp.net. Also, the company was given a positive review in a popular newsletter, and this had a big effect on the volume of stock traded yesterday.
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AMERGENCE GROUP (PINK:AMNG)
On Friday this stock gained 51.85 percent, closing at $0.0082.
The Amergence Group is focused on the development and rapid expansion of selected emerging companies across a number of industries. The company offers capital as well as legal, PR and accounting resources to attract new and early growth businesses. Currently, the company is doing due diligence on a number of companies in a wide range of industries: from legal to medical.
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CytoSorbents Corporation (OTC:CTSO)
On Thursday this company saw one of the biggest one day leaps in the OTC market this year thus far. It surged no less than 129 percent, starting at $0.169 and closing at $0.389.
This is a classic penny stock success story. The company received European CE Mark approval for its flagship product, CytoSorb, and as a result the stock shot up in a matter of hours.
CytoSorbents Corporation is a development stage company focused on its novel blood purification device, the CytoSorb to treat sepsis, the result of a bad infection.
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Blugrass Energy Inc. (PINK:BLUG)
Blugrass Energy, an oil and gas exploration company is up 40% in mid-day at $0.042 a share. This spike is due to the announcement on March 22 that the record date for share reduction was pushed to April 1st. As this date quickly approaches investors are optimistic. Expect prices to go up again tomorrow when the shares are officially reduced adding more value and visibility for existing shareholders. The company also announced last week that they will be drilling their first deep natural gas well this summer. CEO Mr. Janz stated, “We are very fortunate—with the 3D seismic work that has been completed on the entire acreage position, and the excellent pipeline infrastructure nearby, the company has the liberty to focus exclusively on its drilling and financing plans.” Track this stock tomorrow!
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It may be a confusing task trying to find the best penny stock brokers. There are some that will be happy to help you and give your investment individual attention, but they will charge up to $100 per trade – something called a ‘full service broker’. Of course, when you’re dealing with shares less than $5, you want to minimize other fees as well.
Generally, the fees that a penny stock broker will charge are based on a sliding scale. This means that your ‘cost per unit’ will decrease the more stocks you purchase. This will differ from one penny stock broker to another, and large purchases are always negotiable. You should always avoid those brokers that try to charge you some hidden fees (usually listed in small print in their terms and conditions).
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IMPERIAL RES INC (OTC:IPRC)
After making big gains in January, this stock has dropped from $1.14 to $0.50 since the turn of February. Not the obvious choice for a daily pick, but many in the investor community consider that this stock has now reached a low and is a good, if not high-risk bet.
Today so far it has shown high volatility, jumping between the $0.5 to $0.6 marks.
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San West, Inc. (OB:SNWT)
San West Inc. is off to a strong start this week up 14.80% in mid-day trading. San West operates leading motor sports site www.CountryImports.com and has made two positive announcements. On Friday they announced the launch of their fuel efficient off-road vehicles. With gas prices soaring, this news was well received by investors. The stock steadily climbed all week trading at $0.015 last Monday and a week later is at $0.03! Today San West announced that it will report a 103% increase in sales from Q1 2010 to Q1 2011. Jesse Gonzales, President of CountryImports.com, stated, “We’ve become one of the strongest online distributors in the motor sports world by every conceivable metric including sales, web traffic, and customer satisfaction and most importantly, our ability to improve the consumer shopping experience…” With five years under their belt, www.CountryImports.com has become increasingly optimized for the industry and the company expects further growth throughout the year.
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Calibert Explorations Ltd. (OTC:CXLT)
In another dramatic penny stock success story, on Thursday this stock gained 77 percent, closing at $0.420.
Calibert Explorations Ltd provides cost-savings benefits to middle-of-the-road U.S. families. The massive jump in the value of this stock came on the backdrop of an announcement made by the company yesterday that it plans to introduce a new paid membership program. The program would save its members 5%-50% across more than 240,000 merchant locations.
This company has not seen any tangible revenues since it was launched in early 2007. In addition to this, the balance sheet of the firm shows that it has assets of only $1400 with liabilities of $147,600. This introduction of the new paid membership program, however, looks set to bring tangible revenues to this company. The company has made huge one-week gains in the past, and this might be a good opportunity for day traders to benefit.
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