Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
CHENNAI, INDIA–(Marketwire – April 27, 2011) – Clenergen Corporation (OTCQB:CRGE)(FRANKFURT:9CE) is seeing an increased demand for electricity in India, Africa, and the Philippines, which has resulted in a surge of business opportunities for its operations. The acute shortage of electricity during both off peak and peak times is resulting in companies and municipalities turning to alternative energy sources and independent power producers to supply electricity.
In the Philippines, the urban centers rural communities rely on diesel generated electricity and are experiencing shortages in diesel supply and higher electricity costs. Clenergen is intending to install its first 2MW gasification power plant on Romblon Island later this year where the government has already requested a further 2MW to be installed.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.
Article source: http://www.marketwire.com/mw/release.do?id=1507033&sourceType=3