WSN:Kiley Group Set to Breakout, Elray Gaming Issuing Gold Dividend (KGRI, ELRA, LBGE)
By: staff reporter, Tom Bustamante
Last Updated: June 9, 2011 - 7:30am EST
(NEW YORK)--Below are several micro-cap stocks making noise among the active traders.
Kiley Group, Inc. (Pink:KGRI), has been gaining interest of the nano-cap traders as the stock is now attempting to break through the key price point of $0.001 to new highs. The Company issued an update that the company will be looking to build value for their shareholders through consulting fees in assisting new companies on going public.
The Company also affirmed that there would be no reverse splits, or capital structure changes in the stock anytime soon, and will be working on updating their filings on OTC Markets.
KGRI closed Wed at a price of $0.0009, and today could see the stock break through its key resistance price level of $0.001 to move into a new trading range. (see KGRI chart)
Elray Resources (OTC:ELRA) announced a special stock dividend spin-off for the Gold property assets for listing on the London AIM exchange. In March the Company completed a reverse merger with Elray Gaming, which is an operational and profitable online gambling company, and this spin-off will allow the company to develop their focus strictly on the online gaming operations, while giving shareholders a dividend in the Cambodia Gold assets.
The shareholder of record date to get the dividend is by the close of June 27th, with ELRA closing at a price of $0.013 per share. (see ELRA chart)
Laufer Bridge Enterprises, Inc. (Pink:LBGE) remains on investor watch as Company is expected to update their filings and conduct a possible name change to reflect its new business model, and to prepare for a national roll-out. The Company is expected to not just update their filings, but to file audited financials which should bring the company current, and potentially position them for filing to the OTC BB exchange. The Company is focusing on the health and nutritional market, and may have a number of brand named individuals behind the deal. Potential update of filings or name change has placed this play on watch.
LBGE closed Wed. at a price of $0.022 per share on higher then normal volume. (see LBGE chart)