Echo Automotive Inc. (OTCQB: ECAU), a manufacturer of cost reduction technology for converting fleet vehicles into highly fuel efficient plug-in hybrids, are up sharply in mid-day trading today. At last check, ECAU was trading 2.70% higher at $0.760 on volume of 111,720, which is nearly two times the daily average volume of 61,846. The stock has gained more than 4% in the last five trading sessions.
ECAU has been gaining momentum after the company last Friday announced that assembled a world-class technical advisory board. Last week, the company also announced the completion of a voluntary share exchange agreement.
VuMee Inc. (OTCQB: VUME), provider of a video uploads monetizing entertainments elite application for iOS or Android mobile device users to record, name, upload, and share videos of celebrities and brands, is seeing a huge rally in trading today after the company announced that it continues to monetize mobile and PC content for its fast-growing platform. The company said that it has entered into agreements with Advertising.com, ValueClick Media, and Casale Media to provide itself with additional pre-roll and banner advertisements.
VUME is currently trading 120.34% higher at $0.375 on volume of 16.89 million, which is substantially above the daily average volume of 31,623. The stock hit an intra-day high of $0.40. Despite the huge rally today, VUME has fallen 25% since December 28, 2012.
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