Hot Penny Stocks: AXK, GTIM, THQI
Its been an exciting week for penny stocks, especially for Accelr8 Technology (AXK), Good Times Restaurants (GTIM), and THQ (THQI). Lets take a closer look at these three hot penny stocks
Accelr8 Technology (AXK)
AXK focuses on the research and development, and commercialization of proprietary surface chemistry formulation and quantitative bio-analytical measurement instruments. The companys main product in development is used as a rapid diagnostic platform for life-threatening bacterial infections.
For the week, AXK is up a whopping 127%.
So whats the big news?
The company is getting $35 million in private equity investment.
This investment money will be used to complete product development of AXKs primary product. Its clearly a big milestone for the company and could be the first step towards profitability.
Whats more, securing private equity money is a great sign that the companys on the right track. After all, no firm is going to invest $35 million on a whim.
Good Times Restaurants (GTIM)
Its been a great week for GTIM investors. As of this writing, the stocks up an astounding 174%.
GTIM owns, operates, and franchises hamburger-oriented drive-through restaurants. The companys restaurants are primarily located in Colorado under the name Good Time Burgers & Frozen Custard.
Whats causing the jump in shares?
The company just announced theyre entering into a financial services agreement with Heathcote Capital.
Basically, Healthcote will explore possible strategic transactions with GTIM. This could mean acquiring or merging with other companies, being acquired by someone else, or something else entirely.
Regardless, whatever the company decides to do, its the sort of thing that typically adds value for shareholders. And, the company isnt entering this partnership unless they intend to do something.
We dont know for sure whats going to happen, but investors are clearly excited about GTIMs upside potential.
THQ (THQI)
THQ develops interactive entertainment software for various game systems, personal computers, wireless devices, and the Internet. The company principal brands include games such as Company of Heroes, Darksiders, Red Faction, and Saints Row, as well as games based on licensed properties like WWE, UFC, and Warhammer.
After a rough year, the stock is looking to get back on track this week with shares up a superb 62%.
Heres the deal
THQ preannounced fourth quarter sales estimates.
In a nutshell, rising sales of a Saints Row title signify the companys going to report a smaller loss than anticipated. For a company thats been struggling for quite some time, its a huge deal.
And, it could be a sign that THQ is finally turning things around.
Yours in profit,
Gordon Lewis
Category: Hot Penny Stocks
