Hot Penny Stocks: IVAN, ISR, ESYS
Its been an exciting week for penny stocks, especially for Ivanhoe Energy (IVAN), IsoRay (ISR), and Elecsys (ESYS). Lets take a closer look at these three hot penny stocks
Ivanhoe Energy (IVAN)
Its been a big week for IVAN. The shares are up a 100% over the last week. Why the huge move higher?
IVAN is an independent heavy oil development and production company. The companys technology can be used to upgrade heavy oil and bitumen to produce crude oil and by-product energy. IVAN has core operations in the US and China.
Here’s the big news…
The company is receiving a big cash payment for transferring their Chinese operations to Royal Dutch Shell.
When all is said and done, IVAN should receive $125 million for the transfer. This will result in the company significantly increasing their cash position as well as paying off a substantial amount of debt.
A move this like can put a company back on the map. Thats why investors are so eagerly gobbling up shares.
IsoRay (ISR)
ISR develops isotope-based medical products and devices for the treatment of cancer and other malignant diseases. The company offers products used in the treatment of prostate cancer, ocular melanoma, head, neck, and lung tumors, breast cancer, and several other types of cancer.
The shares are up 50% for the week.
Whats going on?
The company just reported key medical findings.
In a nutshell, ISRs Celsium-131 seeds have been proven successful for brain cancer treatment. While its still early, the results are extremely impressive.
Cleary, this is a company to keep an eye on.
Elecsys (ESYS)
ESYS provides machine to machine communication technology solutions, data acquisition and management systems, and custom electronic equipment for critical industrial applications. The company develops proprietary technology and equipment for energy infrastructure and other industrial markets.
Over the past week, the shares have climbed 40%.
Here’s the story…
The companys recently released earnings were better than expected.
Net income came in at $413,000 for the quarter, a 49% year over year gain. Although year over year sales were flat, the large increase in profits is a good sign management is improving efficiency and focusing on higher margin products.
In this case, investors appear to be more interested in net income gains than revenue growth.
Yours in profit,
Gordon Lewis
Category: Hot Penny Stocks
