JUHL Wind, Inc. (JUHL) Shares Soar On Solid Results

JUHL JUHL WindShares of JUHL Wind, Inc. ( OTC:JUHL) are one of the notable penny stock gainers on Tuesday following the company reported its maiden profit in sin-month period since it went public.

This morning JUHL Wind reported its earnings for the last six months and said that revenue came at $7.5 million. Importantly, the company reported its first ever profit of $2.16 million ever since it traded on the stock exchange.

Operating income came at $3.77 million. It had a net loss of $ $156,000 during the second quarter.
On the per share basis, JUHL Wind earned 19 cents a share for the six-month period, compared to a loss of 7 cents a share in a year ago quarter.

Shares of JUHL Wind, Inc. (OTC:JUHL) gapped up this morning and started the trading at $0.95. JUHL Wind  stock moved up further and touched an intraday high of $1.04. Now, the stock is trading higher by 14.44% to $1.03 with more than 126K shares traded, compared to its average volume of 16.97K shares.

JUHL Wind Shares Climbing

Over the past one year, JUHL stock has been moving within a range of $0.70-$1.73. Over the past three-month, the stock has slumped over 20% after considering today’s gain.

JUHL Wind stock is trading above its 50-Day Moving Average of $0.94 and it could face a resistance at $1.09, which is its 200-Day Moving Average

JUHL had total outstanding shares of 21.26 million, of which 4.68 million shares were floating with 81.365% shares, were held by Insiders. The company has a market capitalization of $22.59 million at the current market price.

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NGMC – Next Generation Energy Massive Promo

ngmc next generation energy Next Generation Energy NGMCIt’s starting to look as if we could see a massive promo in shares of Next Generation Energy (NGMC.PK) next week. There has been chatter in the penny stock community that this Lorton, Virginia based pink sheets penny stock could be somewhat active based on last week’s PR of a purchase of 7,715 acres of natural gas and oil rights in Kentucky.

Although, NGMC isn’t an established player in the space, the property lies in the Denonian Shale area, and this does lend some credibility. However, there do appear to be some skeptics. Promo emails have gone out on the stock which was formerly known as Next Generation Media who apparently specialized in the direct mail space. Some have also pointed out that the company has basically been non-existent since 2007. So it’s obvious to see why some would question the change of a business from a media company to an energy play.

The Future for NGMC Traders

Now what does this mean for current and future NGMC traders and investors ? Well it’s pretty simple. If shares turn into a hot penny stock, you can sometimes turn a blind eye to the lack of fundamentals, just as long as you keep a super short term outlook and view the company as a trading vehicle. Remember, it wasn’t that long ago that nimble penny stock traders profited from owning Lithium Exploration Group (LEXG:OB), which turned out to be little more than a shell and crushed longs who bought into the story and got greedy. This by no means is an endorsement of Next Generation Energy, but add NGMC to your penny stock list on a just in case basis.

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