4 Cheap Penny Stocks to Watch this Week: SBLK, CADX, OREO, SNPK

4 Penny Stocks which are Extremely Cheap at their current levels to watch this week: Star Bulk Carriers Corp. , Cadence Pharmaceuticals Inc. , American Liberty Petroleum Corp. and Sunpeaks Ventures
By: AimHighProfits.com Penny Stock Picks & Alerts
 
May 6, 2012 - PRLog -- Your online resource for Micro-cap and penny stock news and information, AimHighProfits.com offers a high value free newsletter for the best penny stock picks around. AimHighProfits.com will make sure to keep you up to date with all the latest movers and shakers in the Micro cap and penny stock industry.

More importantly, AimHighProfits will strive to give you this information in a timely fashion to put the research to work. In order to receive our free breaking alerts please go to -

http://www.aimhighprofits.com/we-know-penny-stocks

In May 2010, AimHighProfits sent out a stock alert on a dry bulk carrier, OceanFreight , that received a warning from The NASDAQ Stock Market LLC regarding their closing bid price of the Company's common stock for the previous 30 consecutive business below the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Global Select Market. These situations can often present immediate short-term gains as the company's make concerted efforts to raise their share price within their given deadlines.

OCNF was slightly different being that it was an amazing company with little "star attraction" in a failing sector since the pullback of goods shipped to China and Japan. OCNF not only got its stock price up to above $1 in order to remain on the Nasdaq Exchange, but was acquired in the summer of 2011 by DryShips Inc  for an aggregate price of $19.85, a gain from AimHighProfits' initial stock alert of 4,035%.

Star Bulk Carriers Corp.

The same situation has presented itself on Friday with Star Bulk Carriers Corp. . They too recently received The NASDAQ Stock Market LLC deisting threat dated May 2, 2012. Shares of SBLK closed at $0.90 on Friday, down $0.02 (-1.70%), on volume of 162,450 after reaching as low as $0.89 during the trading session. SBLK has a 52-week stock price range of $0.86 - $2.42.

Star Bulk Carriers Corp. operates as a shipping company providing seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport major bulks, which include iron ore, coal, and grain; and minor bulks, such as bauxite, fertilizers, and steel products.

Cadence Pharmaceuticals Inc.

Having suspended production of their injectable painkiller, Ofirmev, by its primary supplier after it recalled one lot of the drug two months ago when it found an unidentified particle in a vial, Cadence Pharmaceuticals Inc's  saw its share price fall to their all-time low after they reported a larger-than-expected Q1 loss on due to costs related to the recall of Ofirmev. Shares of CADX closed at $2.95 in after hours trading giving the stock a $0.65 drop in share price for the trading session, down -18.06%.

At least two Wall Street brokerages lowered their stock price target on CADX and reduced their sales estimates on their injectable painkiller, Ofirmev, yet maintained their "outperform" rating on Cadence Pharmaceuticals as they continue to believe in the sales potential of the drug. Cadence Pharmaceuticals, Inc., a biopharmaceutical company, focuses on acquiring, in-licensing, developing, and commercializing proprietary product candidates principally for use in the hospital setting in the United States and Canada.

American Liberty Petroleum Corp.  

After having reached as high as $1.99 on March 26th, shares of American Liberty Petroleum (OREO) closed at $1.03, down $0.04 (-3.54%) after touching a 2-month low, $1.02, during the last trading session. OREO stock was the 10th most active stock on the OTCQB on Friday trading over half a million in dollar volume. American Liberty Petroleum Corp. has a market capitalization of 114.89 Million and has been on the top 10 most actively traded OTCQB list nearly ever day for over two months.

Having recently raised $250,000 in a private placement for 198,413 shares valued at $1.26 per share, roughly 23% higher than Friday's low, American Liberty Petroleum (OREO) is an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects.  

Sunpeaks Ventures

Having been the center of attention on the OTC Exchange for over two months, the stock price of Sunpeaks Ventures Corp.'s (SNPK) shares has dropped -89.58% since their high of $2.40 achieved in mid-April. SNPK shares closed on Friday at $0.251, down -5.28%, on dollar volume of $6,837,657 (26,790,805 total share volume). With 2,526 executed trades conducted on Sunpeaks Ventures' penny stock in the last trading session, many specuative investors are wondering whether or not to buy SNPK stock while shareholders are worried whether or not they should sell it.

AimHighprofits has been covering shares in the penny stock since they debuted on March 8, 2012 and monitored the daily events of SNPK so as to warn investors when would be the best time to sell before the share price collapsed and eventually crash. Warnings were issued by AimHighProfits to their subscribers on the 8th and 12th of April to be advised of a sudden drop in share price. Sunpeaks Ventures, Inc., through its wholly-owned subsidiary, Healthcare Distribution Specialists LLC, owns and sells Clotamin, an over-the-counter multivitamin product that is designed for use by patients on Warfarin.

For more information on the penny stock of SNPK, feel free to review:

http://www.aimhighprofits.com/penny-stock-to-watch-sunpea...

AimHighProfits is focused and deciated to getting its subscribers the most accurate information in real-time via email alerts and providing the resources required to not only conduct due diligence on an unfamilair company, but also to be able to research it thoroughly before getting involved in a trade. To become a subscriber for their penny stock picks and alerts or find out more about penny stocks, visit there website. AimHighProfits.com or, alternatively, click the link provided below.

http://www.aimhighprofits.com/about-penny-stocks
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