Having transitioned from home health care referral services to internet technologies, Golden Age Resources Inc. (GDAR) has finally had a positive quarter. Stating that the new focus on Social Media and Mobile Applications, GDAR stock has recently begun trading and has good financial news to fuel trading on Thursday. Although the financial reports are retroactive to include their recently acquired 100% of the issued and outstanding stock of Griffin Holdings and IT Solutions, Inc., it’s surely one for the radar screens today.
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GDAR Stock Chart
Market Cap: 1.63M
Close: 0.013, down -0.002 (-13.33%)
Volume: 164,642
High: 0.14
Low: 0.13
Trades: 11
Average Trade Size: 14,967
Authorized: 1,000,000,000
Issued and Outstanding: 125,177,544
Float: 26,561,000
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Golden Age Resources completed the acquisition of Griffin Holdings and IT Solutions, Inc. on September 24, 2012. For the three months ended September 30, 2012, the Company reported sales of $123,680 which produced a net operating profit of $105,121. The bottom line, after all general operating expenses, resulted with a net profit for the quarter of $23,664.
While the Company, through its wholly owned subsidiary, Griffin Holdings and IT Solutions, Inc., feels very optimistic about both the internal growth through its products and services, as well as external growth through additional acquisitions and merger possibilities, GDAR stock is worth having a look at for a momentum build up.
About GDAR Stock
Golden Age Resources, Inc., formerly in the business of home health care referral services, recently acquired 100% of the issued and outstanding shares of Griffin Holdings and IT Solutions, Inc., a cutting edge trending Technology Company with global consulting engagements.
Closing Price For Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 11/14/12 | 0.0130 | -0.0020 | -13.33% | 164,600 |
| 11/13/12 | 0.0150 | +0.0065 | +76.47% | 1,187,000 |
| 11/12/12 | 0.0085 | +0.0025 | +41.67% | 583,300 |
| 11/08/12 | 0.0060 | -0.0010 | -14.29% | 20,000 |
| 11/07/12 | 0.0070 | -0.0140 | -66.67% | 115,000 |
Click here to view the Q3 filing for GDAR.
Bottom Line: GDAR is a new, cheap penny stock that’s making money on paper and worth paying attention to today to see off volume kicks off. Without a proper trading session with excessive volume compared to the last 5 trading sessions, GDAR stock is simply awaiting its turn for a trader created breakout session.
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