Gray Fox Petroleum Corp. (OTCQB: GFOX) saw its share volume skyrocket on June 13th with 553,490 shares exchanging hands, more then triple its three month daily average volume of 145,073 shares.
Earlier this month, it was announced by Gray Fox that the board of directors asked Randall Newton, a consultant engaged by Gray Fox in September, 2013 to provide certain financial and accounting services, to fulfill the role of its Chief Financial Officer.
Otherwise, with no recent news being released about the company, once could only speculate why this uptick in share volume occurred, but here is what its known about the company:
Gray Fox Petroleum Corp. (GFOX) is a domestic oil and gas exploration and development company, which is focused on expanding the 135+ year tradition of Western U.S. energy production by engaging in the acquisition and exploration of oil and natural gas properties in the Western United States of America. The Company implements this business focus by pursuing interests in oil and natural gas properties through strategic lease acquisition activities.
GFOX closed the day at $1.26, 9.57% higher than its previous close of $1.15.
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APT Group Signs Agreement With Gas Gas USA
APT Group, Inc. (OTCPINK: FROZ), formerly known as Frozen Food Gift Group Inc., saw its share volume slide on June 13th with 68,429,632 shares exchanging hands, slightly lower than its three month daily average volume of 90,820,245 shares.
On June 12th, APT Group announced a SmartCarb(R) development and supplier agreement with Gas Gas USA. Gas Gas is a leading global Off-Road and Enduro motorcycle brand headquartered in Spain with distribution in more than 40 countries. Gas Gas manufactures premium products with price points from $8,000 to $12,000. Gas Gas USA is the USA Trial Products import operation.
APT will work with Gas Gas USA to complete a 28mm SmartCarb die cast design specific to the Gas Gas application. "Billet models are introduced first in efforts to seed the market, create demand, and prove out the design," said W. Corey Dyess, APT's Senior Vice President of Research and Development. "The challenge is that billet models are machined and carved from blocks of aluminum resulting in significant manufacturing costs that get passed on to the consumer. The 28mm billet model retails for more than $500, while a die cast model cuts the price in half, resulting in broader consumer appeal. Our goal is to complete a production die cast 28mm model in less than six months. Computational algorithm studies and tooling lead-time are the pacing items currently underway. It takes time and resources to complete these steps. One hundred eighty days is a tight, but achievable time line for production readiness that is just in time for the selling season," said Mr. Dyess.
FROZ closed the day at $.0026 on June 13th.
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