7 Penny Stock Power Plays

May 12, 2011, 6:49 am

Global NuTech Inc. (OTC: BOCL) is enjoying a boost today, soaring more than 150% in midday trade, after the company late Thursday said its NuTec Energy subsidiary will close the transaction forming a joint venture with Wagley Oil & Gas Inc., which involves 25 oil and gas wells in Texas. BOCL, through NuTec Energy, invests in marginal production oil wells, as well as drill shallow wells in known production areas with a low risk of a dry well. (OTC:BOCL), (BOCL)

Liberty Energy Corp. (OTC: LBYE) shares climbed into the green today, reaching an intra-day high of $0.23 so far today. LBYE is a Houston, Texas-headquartered independent oil and gas exploration and production company dedicated to the sourcing and production of fuel supplies in the United States and Europe. At last check, the stock was up by 37.04% to $0.185 on volume of over 469K shares. (OTC:LBYE), (LBYE)

American Power Corp. (OTC: AMPW) is up by 8.62% by midday today as it continues to gain on the back of news yesterday that the Montana Department of Environmental Quality has approved the companys Notice of Intent to Prospect the proposed exploration area for its Pace Coal Project. (OTC:AMPW), (AMPW)

LI3 Energy Inc. (OTC: LIEG) shares soared in todays trading after the company said it is in the process of finalizing the definitive purchase agreement and administrative requirements for the acquisition of 60% ownership of the six companies that collectively own the Maricunga. LIEG is a Peru-based global exploration company in the lithium and minerals sector. LIEG is trading at $0.401 by midday today. (OTC:LIEG), (LIEG)

Net Savings Link Inc. (OTC: CXLT) rose 8.39% by midday today following the announcement that it has completed its extensive planned expansion of discount deal category offerings housed within a newly stylized Web site format. CXLT delivers multiple choices of high quality discount deals and savings offerings to the mass consumer market of individuals, families, organizations and networks throughout the United States. (OTC:CXLT), (CXLT)

Lithium Exploration Group Inc. (OTC: LEXG) jumped 14.47% to $1.82 so far in todays session. The company early this week said it is in discussions with laboratory partners about processing Valleyview lithium brines. LEXG is focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. (OTC:LEXG), (LEXG)

Aradigm Corp. (OTC: ARDM) gained about 3.03% to $0.170 so far in todays trading session, extending yesterdays gains after the emerging specialty pharmaceutical company announced its first quarter results. (OTC:ARDM), (ARDM)

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