The Bull in Advantage Network presents the following list of currently trending penny stocks that have seen large gains in early trading on Friday, and remain on our list of stocks to watch for the remainder of the trading day: Swingplane Ventures, Inc. (OTCQB:SWVI), China Teletech Holding, Inc. (OTCQB:CNCT), and Xtra Energy Corp. (OTCPink:XTPT).
Swingplane Ventures, Inc. (OTCQB:SWVI) is a mineral exploration company. This morning the company announced the completion of all documentation required to file the Super 8K for the acquisition of Mid Americas Corp. Under the terms of the agreement, the SWVI will issue a total of 100,000,000 shares of its common stock and 5,000,000 shares of Series A preferred stock to the shareholders of Mid Americas Corp. and will cancel a total of 300,000,000 shares originally issued for the option. SWVI will have a total of 235,000,000 shares of common stock and 5,000,000 shares of Series A preferred stock issued and outstanding. Following the announcement, SWVI stock shot up 50% in early trading, running from a low of .48 up to .72.
China Teletech Holding, Inc. (OTCQB:CNCT) is a distributor of pre-paid calling card and integrated mobile phone handsets, and related services. The Company serves as one of principal distributors of China Telecom, China Unicom, and China Mobile products in Guangzhou City, China. CNCT stock has thus far traded in a range from .17-.25, gaining as much as 47%
Xtra Energy Corp. (OTCPink:XTPT) is a publicly traded energy company focused on the acquisition and development of unconventional oil shale resources in North America. This morning the company announced that it has successfully completed the drilling of its previously announced three core hole oil shale exploration and drilling program on its property located in Pasquia Hills, Saskatchewan, Canada. Shares of XTPT spiked as much as 56% this morning, running from .039-.061.
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