Mid Day Update for Thursday 12-16-2010
MRES is trading up nicely this morning, it was up as much as 60% intra-day. Looks like MRES was able to break some resistance levels. This may be the start of a much bigger rally! MRES is a worldwide based biotechnological enterprise involved in clinical neuroscience diagnostic testing related to stress management and mental health for prevention, early diagnosis and therapeutic follow-up.
Neuro-Biotech Corp. (MRES.PK)
Also keep a very close eye on CPOW. CPOW announced late last night they are on target to reaching sales forecasts and complete the fiscal year by more than doubling revenue over last year! Since the news came out when the market was closed, CPOW may see a reaction today.
CPOW operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling plant in Regina, Saskatchewan. The focus of the business continues to be on canola.
“Our impressive results so far in 2010 include a 12 fold increase in canola oil sales and a 100% increase in sales of canola meal,” said Mike Shenher, President and CEO. ”
Canada’s canola industry adds over $13 billion in economic activity to the Canadian economy. Depending on the year, canola is either Canada’s first or second most valuable field crop (the other is wheat).
The worldwide demand for Canola is soaring. The low level of saturated fats and wide range of functionality has made canola oil a popular option for food services looking to decrease trans fats in their food manufacturing.
Always do your own research and consult with your own financial professional.
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