Wednesday’s OTC Top Gainers: XTOG, SGCA, LUSI, SRCH
Oil and Gas Stocks Lead as Top Gainers
POINT ROBERTS, (18 Aug, 2011) - InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the OTCBB for Aug 17.
XTREME OIL & GAS INC (OTC:XTOG) shares soared 0.195 (95.12%) to $0.40 with more than 442K shares traded hands after the company announced today that over the last 18 months, the Company has been successful in filing with the Securities & Exchange Commission a Form 10 and a S-1 Registration Statement (both approved), a 15C-211 with FINRA through Spartan Securities (approved), three years of Audited Financials and as part of the process of becoming a fully reporting company updated and completed a third party private valuation that concluded the Company was worth $102,520,900 or $2.24 per share today.
Strategic American Oil Corporation (OTC:SGCA) surged 0.010 (8.00%) to $0.135 after announced that it has entered into a non-binding letter of intent ("LOI") to acquire SPE Navigation I, LLC ("SPE"), a private Texas company (the "Acquisition"). As set forth in the LOI, and subject to numerous conditions to closing, in consideration of the proposed Acquisition, the Company has agreed to issue to the shareholders of SPE an aggregate of 95 million restricted common shares of the Company upon the completion of the Acquisition.
LOUISIANA FOOD CO (OTC: LUSI) added 0.110 (36.67%) to $0.41announced Southern Pecan as its Fall 2011 Voodoo Roast Seasonal Blend coffee [southernpecan]. This Southern Pecan blend offers a smooth twist to LUSI's Voodoo Roast Dark coffee and will become available in markets and online near the end of September 2011.
Searchlight Minerals Corp. (OTC: SRCH) climbed 0.115 (21.50%) to $0.650. The stock has jumped about 80% in the past three trading session, after hitting a new 52-week low of $0.35 earlier this week. Searchlight Minerals Corp. (Searchlight) is an exploration-stage company engaged in the acquisition and exploration of mineral properties and slag reprocessing projects.
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