Shares in the penny stock we loved for a pre-promo two weeks ago, GroveWare Technologies Ltd. (GROV), are surging today, up 43.24% as of mid-day. Since the original alert we issued on the 6th, GROV stock is up 108% and gaining some heavy trading momentum with $ 361,210 as share volume is likely to break a million before 2pm. Considering that it is directly tied to previous APS flat-liner GWBU, adjusting the stop regularly is a must.
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GROV Stock Update
Last: 0.53, up 0.16 (43.24%)
Average Trade Size: 7,380
Prior to the market open Monday, GroveWare announced that it successfully concluded a one-year pilot project with the New York State Department of Health’s Center for Environmental Health. During the pilot project, a number of state wide environmental health inspection processes, which are currently performed on paper, were tested and successfully proven to be able to be replaced with wireless tablet devices using GroveWare’s MobiTask™ inspection solution which utilizes the eXFORMA™ Suite of products.
Understanding that this is coming from a Company in the midst of a mini-awareness campaign, GROV is still strong on the possible picks APS goes for this week since, other than the obvious ties internally, it has the Market Cap that APS like to roll with: Above 100 Million.
About GROV Stock
A/S: 500 Million a/o Aug 1st, 2012
O/S: 307.5 Million a/o May 29th, 2012
FLOAT: 102.5 Million a/o May 29th,2012
Empire Stock Transfer Inc.
1859 Whitney Mesa Dr.
Henderson, NV 89014
Bottom Line: GROV is strong on the list of penny stocks to watch. Today’s mini-breakout is further proof that this has the potential to be the pick issued by APS this week. Look out for their 10-Q to be filed. That happens and it could be off to the races with GROV stock.
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