BellwetherReport.com Begins Due-Diligence on ACMG, NDOL, DPBM & PGPU
11:44 AM EDT April 25, 2006
BellwetherReport.com a leading online small-cap research firm has added Alcard Chemicals Corp (OTC: ACMG), Nord Oil International (OTC: NDOL), Pinnacle Group (OTC: PGPU) and Deep Blue Marine (OTC: DPBM) to the growing number of small-cap companies we will keeping close eye on over the coming weeks.
Alcard Chemicals is trading up 12% today on much higher than average volume. The company announced on Thursday, the completion of an independent evaluation of its proprietary technology to produce plastic raw materials, Ethanol and Bio-Diesel based on renewable resources. The independent evaluation was performed by CLD and they have established the value at $85 million USD, translating into approximately $0.90 per share on a fully diluted basis.
Nord Oil International, recently announced their plans to begin trading on the OTC BB Exchange, an extremely positive step for any small-cap company looking to establish credibility for themselves. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.
Pinnacle Group is trading up 11% today on over 1 million shares in volume. The company has released an abundance of new and positive corporate developments of late, and is looking to capitalize on surging energy prices.
Deep Blue Marine is trading down 5% today on over 2.5 million shares in volume. This comes as somewhat of a surprise, as the company also released a pre-market announcement that they have been given an upgraded rating by a respected research firm. BWR will be looking into this most recent corporate development to try and determine the long-term affects on the market sentiment.
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POSTED THIS HERE, AND UNDER ACMG THREAD.