Hot Penny Stocks (LYFE, FOGC, GNPG, SITO)

LYFE Communications, Inc. (OTC:LYFE) shares surged 25% to $0.15 on higher than the average volume after the company announced a program to begin the bandwidth improvements that will enable new service delivery to consumers in underserved areas. More than 487K shares have traded hands, compared to its average volume of 295K shares.

FORTUNE OIL & GAS INC (PINK:FOGC) shares continued to move lower and slumped another 22% to $0.0018. The stock has fallen over 64% over the past one week. Last week, the company informed its followers that the evaluation of the North Texas wells has been finalized with positive results.

EMTA Holdings, Inc. (OTC:GNPG) shares are up 44.44% to $0.026 rebounding from its recent fall as the stock had slumped 605 in the past one month. Recently, the company said that its its wholly owned subsidiary, Xentx Lubricants, Inc, is on schedule to begin delivery of a private label line of products for Canadian consumption.

Single Touch Systems Inc (OTC:SITO) shares climbed $0.208 or 69.33% to $0.508 on very high volume of 937K shares, compared to its average volume 79K shares. This morning the company said it released a “Letter of Notification” to Netflix, Inc. (NASDAQ:NFLX) regarding Single Touch’s issued patents directed to streaming and routing media, including U.S. Patent Nos. 7,054,949, 7,191,244, and 7,689,706.


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