Penny stock speculators will want to keep a close eye on eDoorways International Corp. (EDWY) over the next few trading sessions for a breakout. The Company had its “Stop Sign” removed after successfully updating their financial and managerial information with OTCMarkets stating that their intention now is to upgrade EDWY stock to a higher tier exchange. Considering the slide the penny stock had been on, the “current status” may just be the confidence booster traders need to flex on Michael Torchia’s command.
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EDWY Stock Chart
Market Cap: 644.96K
Close: 0.014, no change
Volume: 26,300
High: 0.014
Low: 0.014
Trades: 1
Average Trade Size: 26,300
Authorized: 60,000,000
Issued and Outstanding: 46,028,258
Float: 20,868,591
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For the six months ended June 30, 2012, eDoorways recorded $0 in revenues to combat $581,101 in operating expenses. With just 2 employees and 9 officers/directors, as well as Heritage Corporate Services as the IR firm, a lot of action is gonna have to happen with the Company’s “Intelligent Performance Support” artificial intelligence software to put up some top-line numbers to drive EDWY stock.
About EDWY Stock
eDoorways International Corp. is a web-based technology innovator and facilitator of international commerce focused on delivering pre-qualified, contextually relevant information and resources to web and mobile users.
Bottom Line: EDWY is worth a look. The penny stock just regained current status on the Pinksheets which could put EDWY stock in play in the coming sessions — just don’t bank on them.
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