Low Float: Check. Revenues: Check. Solid Business: Check. Momentum: Check. All four items indicate that IMD Companies Inc. (ICBU) could be in for a great week. The penny stock has had two triple digit gaining sessions in the last 2 months during which time it hit a 54 week high of 0.45. Although there has not been a session when over a million shares has traded in the last two months, ICBU stock should continue to see positive momentum on its share price this week and should be listed on the penny stocks to watch radar for Monday.
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ICBU Stock Chart
a/o Mar 31, 2012:
Shares Authorized: 700,000,000
Shares Outstanding: 48,073,270
30 Day Percent Change: 65.29%
30 Day Moving Average: 0.1519
30 Day Average Volume: 165,389
The well diversified health and fitness, nutraceutical and medical diagnostics company run by Saeb Jannoun, Chief Executive Officer, President and Director of IMD Companies, has mapped itself out nicely. With $47,660 in revenues for the three months ended March 31, 2012, $42,335 of which was booked as gross profit, last weeks’s announcement of the Company becoming the sole shareholder of Positive Solutions Clinics, Inc., a subsidiary encompassing the adult & pediatric weight loss and wellness centers as well as the supplement divisions, only will add to the revenue base of IMD.
After having a look at what is available on the pink sheets listed penny stock, ICBU looks good and should definitely be on the list of penny stocks to watch Monday.
About ICBU Stock
IMD Companies Inc. is engaged in the medical diagnostics and health and fitness industries. Its primary products and services lie in the health and fitness nutraceutical and medical diagnostics services markets. The Company has also expanded into the weight-loss industry. The Company delivers its medical diagnostic services on-site at participating medical clinics and physician offices. The nutraceutical supplements, pills, bar and gels will be marketed and distributed through participating clinics and on-line web marketing retail methods.
For a better understanding as to how diverse ICBU is, visit their website: www.imdcompanies.com
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