Top 3 Pre-Market OTC Stocks to Watch
Avro Energy Inc. (AVOE), GuangZhou Global Telecom, Inc. (GZGT), and Nuvo Research Inc. (NRIFF) are today’s top three pre-market OTC stocks to watch.
Avro Energy Inc. [[AVOE.OB]], an oil and gas exploration company, could see its shares rise after entering into a letter agreement to acquire various oil leases near Hosston, Louisiana from a private oil and gas operator. Under the terms of the agreement, the company will pay $100,000 to acquire 22 wells, including 13 that are producing wells.
GuangZhou Global Telecom, Inc. [[GZGT.OB]], a nationally integrated mobile phone handset and pre-paid calling card distributor, could see its shares rise after experiencing a technical breakout. Meanwhile, investors are closely eyeing the company after it reported $11 million in revenues during the first quarter, which was up approximately 44% from a year earlier.
Nuvo Research Inc. [[NRIFF.PK]], a small biotech company, could see its shares rise as its novel osteoarthritis treatment Pennsaid is set to be reviewed by the Food and Drug Administration on August 5, 2009. Some investors believe that this drug could see net sales of between $200 million and $400 million in the U.S. if it is approved and successfully marketed.
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