CORAL GABLES, FL / ACCESSWIRE / September 9, 2015 / This has been a looming issue for the better part of the last few months: The Fed's decision on what to do about interest rates in the US. The decision will be made known next week but according to some, the real "drama" that some had expected to see in other markets like the bond or even treasuries may simply be a non-event. Doug Duncan, chief economist for Fannie Mae recently told Yahoo Finance's Mike Santoli, "Expectations for a Fed hike built into futures prices suggest there's still only something like 30% chance assigned to a September move. If the Fed wants market expectations more aligned with its policy intentions before a rate change, then you would make the argument that they'll put it off."
This market volatility has lead to more "lively" segments of the market seeing their own explosiveness. This has included those companies within the small and micro cap stock space. Some penny stocks like Cell MedX Corp (OTCQB: CMXC), High Performance Beverages Co (PINKSHEETS: TBEV), and Eventure Interactive Inc. (OTCQB: EVTI) have seen volume and price increasing after the long holiday weekend.
The biotech space has been rife with volatile stock movement. Cell MedX Corp has found itself in the midst of the excitement through bringing a novel diabetes care device for patients suffering from the debilitating disease. Branded as E-Balance, the device is in the R&D phase and is being tested for use in the management of diabetes and the complications from a professional basis as well as a more consumer/at home device.
The advancements within the space have been recognized by the likes of Eli Lilly & Co. (NYSE: LLY) and Oramed Pharmaceuticals Inc. (NASDAQ: ORMP). What has set CMXC apart is their eBalance technology which could reduce the overall need for insulin itself. Wednesday the stock price improved from the previous trading channel of $0.17-0.21. CMXC opened at $0.27 and promptly saw highs of $0.39; a total jump of more than 120% from previous levels.
High Performance Beverages Co has also seen a dramatic increase in volume and price since the beginning of August. Since August 3 the stock has moved from a price of $0.0003 to as high as $0.003 on September 1. Following a recent consolidation to lows of 0.0009, the stock has bounced back to highs of $0.0012 during Wednesday morning trading. Just a few weeks ago the Company announced that it has plans to initiate a social media campaign and introduce its High Performance Sports Drink. This was in preparation for the September 5 sales launch date. No details have been given since then but the Company stated that the campaign will include increasing exposure and it's product line through YouTube, Vimeo, Facebook, Instagram, and Twitter.
Outside of biotech and beverage, traditional tech has also seen added attention. The news that several new devices and upgrades from Apple have helped drive awareness of new innovation within the space. Eventure Interactive, Inc. has taken a slightly different approach in that the company develops content sharing networks. Just last month the company was awarded its second US Patent for "distance modified security and content sharing in an ad hoc peer to peer network." Gannon Giguiere, Founder of Eventure Interactive, Inc stated, "This is the second US patent awarded to Eventure Interactive, Inc. in the last 13 months, and represents a significant milestone in our company's development. It is critical in advancing our social calendaring platform technologies and further validates our mission of securely connecting people locally to engage and share life."
Since the end of August, the share price of EVTI has increased from lows of $0.0013 to as high as $0.0027. Wednesday's trading showed highs of $0.0025 prior to the lunch hour and by the end of the morning, more than 14,720,000 shares had been traded.
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