PennyTrader.com Presents Today’s Midday Stock Report: WRAP, CHMR, GMET
Stocks have shrugged off their opening losses and now hold small gains. The S&P 500 is near its session high, up 0.2%.
The consumer discretionary sector is generally weaker, but post-earnings buying is lifting some restaurant stocks within the space.
Red Robin Gourmet (RRGB 32.37, +3.69) is surging 12.9% after beating earnings expectations. The company also reported in-line revenues and expects comparable net restaurant sales for the remainder of the year. Competitor Brinker International (EAT 34.62, +2.05) is higher by 6.2% after reporting in-line revenues and issuing upside guidance for fiscal year 2013. Shares of the company are at a 52-week high and are nearing record highs near $35.50.
WRAP – Trade Alert
Up 38.33% in morning trading to $.083 with 1.5M shares traded
WRAPMail, Inc. is a publicly traded company incorporated in Florida in October 2005. The basic idea behind WRAPmail is to utilize the fact that almost everyone has a website, social network site(s) and also sends emails every day. These emails can become complete marketing tools and help promote, brand, sell and cross-sell in addition to drive traffic to the websites and help conduct marketing research (through tracking analysis). WRAPmail is available for free (with 3rd party ads) or for a license fee. No routines change as users simply download a toolbar or route emails via Google or WRAPmail’s servers. While the focus is on one-and one emails WRAPmail also offers an Enterprise solution where clients can send unlimited email campaigns using the same technology that avoids the RED X when emails arrive. Their solutions are built so that recipients see images right away and are not as quick to discard the email due to the lack of seeing anything enticing or for being afraid of viruses when they would otherwise download the images. WRAPmail, Inc. (WRAP) announced yesterday they have already met many of the milestones for 2012 and expects this trend to continue. WRAPmail will report Q2, 2012 and YTD numbers for 2012 on August 15, 2012. Revenues will at that time show an increase of more than 750% for the first half of 2012 over all of 2011.
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CHMR – News Alert
Up 34.69% in morning trading to $1.98 with 350K shares traded
Chimera Energy Corp is a Texas corporation listed on the OTCBB under the trading symbol CHMR. Chimera Energy Corp acquires, develops, licenses and sells new energy technology and products that are designed to profit from the current domestic shale oil boom. Chimera Energy Corp (CHMR) announced today that they have executed a Memorandum of Understanding with PEMEX, also known as Petroleos Mexicanos, regarding the utilization of CHMR’s revolutionary exothermic Non-Hydraulic Extraction method throughout Latin America. The Non-Hydraulic Extraction method is a revolutionary Shale Oil extraction technology designed to safely and economically replace hydraulic fracturing (AKA fracking and fracing) without negative environmental impacts. The new process uses no water.
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GMET – News Alert
Up 15.75% in morning trading to $.23 with 140K shares traded
GeoMet, Inc. is an independent energy company primarily engaged in the exploration for and development and production of natural gas from coal seams (”coalbed methane”) and non-conventional shallow gas. Their principal operations and producing properties are located in Alabama, Virginia and West Virginia. They also control non-producing coalbed methane and oil and gas development rights, principally in Alabama, Virginia, and West Virginia. GeoMet, Inc. (GMET) announced today that it has executed an amendment to its bank credit agreement that extends the time available for the Company to cure the existing borrowing base deficiency.
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