The sirens you’re hearing are good ones for the penny stock of Fireman’s Contractors Inc. (FRCN) which has jumped an amazing 214% since Monday. Since Friday, 98.29 million shares have traded on FRCN stock, 15 million more than the May 10th reports outstanding shares. Momentum built up to towards the end of last week when the commercial contractor announced plans to get some of $17 billion in TIFIA (Transportation Infrastructure Finance and Innovation Act) projects.
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FRCN Stock Chart
Close: 0.011, up 0.0063 (134.04%)
Volume: 20,588,294
Dollar Volume: $181,052
High: 0.014
Trades: 302
Average Trade Size: 68,173
Authorized: 400,000,000
Issued and Outstanding: 82,907,073
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It obvious to the naked eye that something big is happening with Fireman’s Contractors. On the heels of Independence Day, the Company amended their Articles of Incorporation to increase authorized capital for Class B Convertible Preferred Stock in the amount of 5,000,000 shares. Then, to start August, they again amended their Articles of Incorporation to increase authorized Common Stock from 200,000,000 to 400,000,000 shares.
If it wasn’t obvious then, which by the way, FRCN stock never really traded much volume, the last six trading sessions have been explosive. The news from TIFIA would allow the company to possibly secure an additional profit center which could be worth millions annually. Considering they have been consistently booking revenues well under that, $102,005 for the three months ended March 31, 2012 versus $130,358 for the same period in 2011, this deal opportunity is enormous.
With two insiders, Alexandra Mauriello and Benjamin Levin of Levin Consulting Group, LLC, both reporting ownership of 8,181,818 each, the volume traded in the last four trading sessions truly is remarkable.
About FRCN Stock
Firemans Contractors, Inc. is a full-service contractor providing professional services for commercial and government clients, offering Business to Business Franchise Opportunities. The Company recognizes that building its brand is important to securing a strong standing. Therefore, Firemans Contractors, Inc. will continue focusing to build a brand that encompasses its core values of integrity and quality service with “Contractors You Can Trust®”.
The Company’s goal is dedicated to stream-lining the contractor industry and making a difference by providing customers with quality service, using the best products available on the market for long lasting wear and as environmentally friendly as possible. To raise brand awareness among its intended audience, the Company has developed an appealing and memorable logo that it will use throughout its promotional strategy and in its various marketing materials. This will aid in brand reinforcement and the enhanced growth of its name and positive reputation among consumers nationwide.
Bottom Line: FRCN is on fire, no pun intended, and needs to be on the list of penny stocks to watch. If Wednesday is indicative of the performance and the last four days are indicative of the volume, FRCN stock could be a real fun penny stock to end the summer with.
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