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BlueFire Renewables Inc.'s Share Value Rises 308% on News of Chinese Debt Financing

Friday, 24 October 2014 05:55 AM

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BlueFire Renewables Inc.'s (OTCPink: BFRE) stock volume and share value shot through the roof Oct. 23.

It was one of the most traded penny stocks, with 7.6 million shares changing hands, 2.7 times higher than its 30-day average volume of 2.8 million.

Meanwhile, it share value rose 307.77%, closing at 4 cents, up 3 cents from its previous day's close of 1 cent.

The Irvine, Calif.-based renewable energy company's volume and share value surge are tied to aa Oct. 23 announcement that BlueFire Renewables has received a Letter of Intent from The Export Import Bank of China (China EXIM) to provide up to $270 million in debt financing for its bio-energy project in Fulton, Mississippi.

China EXIM's interest in providing substantial financing to BlueFire is unprecedented and significant for the U.S. renewable energy sector and for U.S. renewable energy small businesses. Particularly in the capital-intensive energy industry, small businesses like BlueFire struggle to access capital amidst tightening credit markets in the U.S. since the financial crisis beginning in 2009.

"This is a significant feat, not just for BlueFire as it also provides a model for the U.S. small business community because it is a strong indication of China's commitment to support and fund U.S. renewable energy technologies to improve the environment and build a strong foundation for cooperation between China and the U.S. in the field of renewable energy," stated Arnold Klann, CEO of BlueFire Renewables, Inc.

Find out what could be the best investor's move when it comes to BFREby getting the complete report here or by cutting and pasting the following link in your Web browser:

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Eco-Shift Power Corp. Completes Stock Volume Soars on News of Acquisition

Eco-Shift Power Corp.'s (OTCQB: ECOP) share volume skyrocketed Oct. 23, with 588,915 shares changing hands, 12.5 times higher than its three-month average volume of 147,970 shares.

The volume surge comes on the heels of Canadian industrial lighting company's announcement it had acquired California-based Sun & Sun Industries Inc. dba Sun Industries ("Sun").

The definitive Share Purchase and Exchange Agreement (the "Agreement") closed on October 20th, 2014 and has resulted in ECOP acquiring 100% of the issued and outstanding common stock of Sun and the cancellation of all outstanding Sun Preferred Stock.

The acquisition of Sun delivers significant value for ECOP shareholders by combining Sun's growing US market share, impeccable brand & reputation, and world class executive team with ECOP's proprietary LED high bay fixture and wireless light management system that is Demand Response ready. With the acquisition of Sun, ECOP gains an immediate presence in major North American markets including California, Texas, Florida and Puerto Rico. Consolidated company revenue is anticipated to exceed $10M in 2014 with high double-digit growth forecasted for 2015.

On Oct. 23, ECOP's share price closed at 36 cents, up 1cent from its previous day's share price of 35 cents.

Find out what could be the best investor's move when it comes to ECOP by getting the complete report here or by cutting and pasting the following link in your Web browser:

www.sixfigurestockpicks.com

U.S. Precious Metals Inc. Stock Volume Continues to Soar on News Of Positive Geophysical Survey

On Oct. 23, U.S. Precious Metals Inc.'s (OTCQB: USPR) share volume soared with 701,257 shares changing hands, about double its 30-day average volume of 357,102 shares.

The volume surge is being triggered in part by the Oct. 7 news that the Marlboro, N.J.-based precious metals mining company has received an update from its partner, Mesa Acquisitions Group, LLC, which summarized the initial results of the geophysical survey work performed on our Solidaridad Concessions in Michoacán, Mexico.

According to U.S. Precious Metals, to date, 11 of the 71 previously identified anomalies have been processed and analyzed with the geophysical/VERS technology and the Company is excited by the significant amounts of gold, silver and copper mineralization that have been identified.

On Oct. 8, USPR's share price closed at 22 cents, up 1 cent from its closing price of the previous day of 21 cents a share.

Find out what could be the best investor's move when it comes to LQMT by getting the complete report here or by cutting and pasting the following link in your Web browser:

www.sixfigurestockpicks.com

Torex Gold Resources Inc.'s Stock Volume Down

Torex Gold Resources Inc.'s (OTCPink: TORFX) stock volume was down Oct. 23, with just 161,268 shares changing hands, less than half its 30-day average volume of 362,093 shares.

The downtick in volume comes on the heels of the Toronto-based mining company's recent announcement that infill drilling in the El Limon Sur portion of the El Limon deposit has added a net 126,000 ounces of gold in the measured and indicated category. The El Limon Sur area is now estimated to contain 2.6 million tonnes in the measured and indicated categories, grading 2.73 g/t, for 225,000 ounces of gold, and 2.3 million tonnes, grading 2.45 g/t for 182,000 ounces of gold in the inferred category.

This increases the total measured and indicated gold resource estimate for the El Limon-Guajes Project to 4.95 million from 4.80 million ounces of gold. The inferred gold resource estimate is now 0.58 million, down from 0.62 million ounces of gold. The mineral resource estimates have been prepared in compliance with National Instrument ("NI") 43-101 and are based on the recent infill drilling program at the El Limon deposit on the Company's 100% owned Morelos project in Mexico.

On Oct. 23, TORXF's share price closed at $1.38, down 2 cents from its closing price of the previous day of $1.40 cents a share.

Find out what could be the best investor's move when it comes to LQMT by getting the complete report here or by cutting and pasting the following link in your Web browser:

www.sixfigurestockpicks.com

 

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