Hey Tightwad – Check out these 3 Cheap Stocks

May 6, 2011, 5:54 pm

Max Media Group Inc. (PINK: MXMI) shares are on fire today, soaring more than 30% to $0.03 in mid-day trade after the company provided a corporate update. The company said that its legacy site is in the process of undergoing a complete update. Its part of the companys goal of leveraging the site with the help of strategic partnership arrangements.

Max Media also entered into several Letter of Intents for acquisitions and is finalizing the terms and conditions relating to BB2LIVE and The Golden Voice. The company also said that it continues to look for additional acquisitions.

Totally unrelated other than sharing a spot on the OTC exchange, MedeFile International Inc. (PINK: MDFI) announced it has brought HealthPro BioVentures LLC on board to help negotiate and structure strategic co-marketing partnerships and healthcare IT collaborations. Shares of the pink sheet soared 22% to $0.01 in mid-day trade.

After an early-morning spike, shares of Lithium Exploration Group Inc. (OTC: LEXG) shed nearly 5%. Lithium recently announced that it engaged a technology partner to help in processing the oil field brines at its Valleyview Project in Alberta, Canada.

It also recently reached an exclusivity agreement with Glottech USA for the use of its patented ultrasonic generator for mineral extraction. The company intends to use the technology in the Swan Hills region of Alberta.

All these recent developments have pushed Lithium Exploration shares higher in the last few weeks. In the last one month, the penny stock gained 184.13%. In the last one week the stock gained 8.09%.

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