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eLayaway Inc. Share Price Soars 75 Percent

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03/17/2014 | 02:50pm CEST

March 17, 2014 / eLayaway Inc. (OTCQB: ELAY) share volume skyrocketed Mar. 14, with 1,232,461,409 shares changing hands, nearly nine times its three-month average volume of 138,035,702 shares.

Moreover, 14, ELAY?s share price closed at 0.0014 cents, up 0.0006 cents, or 75%, from its close of 0.0008 cents the previous day.

There?s no breaking news about the Tallahassee, Fla.-based online payment processor, nor any new press releases from the company to account for its sudden stock volume and share surge. However, some industry experts speculate that the company?s online layaway payment program is an idea that fits today?s slowly recovering economy: more people are steering away from credit purchases and are seeking a way to pay for them in cash or through a lay away program.

The company?s last press release was Jan. 23 in which it announced t that CSPEX, it strategic business partner, was expanding its eLayawayMall.com traffic with strategic placements of its flagship product.

eLayaway Mall Goes Live

In February 2014 its eLayawayMall went live as a partner store on GovernmentShopping.com, the online destination for Department of Homeland Security employees and other agencies for government discounts and value-added services. CSPEX also provides IT and application hosting services for eLayawayMall.com.

?The partnership with CSPEX not only expands our market, they also provide the resources and infrastructure needed to serve such a large market," said eLayaway?s CEO Sergio Pinon. "We will continue to execute on our current business plan towards expanding market reach and reaching profitability,? he added.

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MultiCell Technologies Awaits News on Patent Application

In other news, MultiCell Technologies Inc. (OTCQB: MCET) stock volume also soared Mar. 14, with 53,321,477 shares changing hands, significantly higher than its three-month average volume of 47,296,888 shares.

What is fueling the uptick in volume is anybody's guess because the Woonsocket, R.IO.-based a biopharmaceutical company hasn't issued a press release since Jan. 15 when it announced that it had filed a U.S. provisional patent application concerning composition of matter, biological targets, mechanism of action, methods and formulations to achieve targeted tumor cell death.

Financials

MultiCell filed its last financial report Nov. 30, 2013 when it reported a loss of $386,000.

On Mar. 14, MCET?s share price closed at 0.0011 cents, down 0.0001 cents from its close of 0.0012 cents the previous day

Find out what could be the best investor?s move when it comes to MCET by getting the complete report here, or by cutting and pasting the following link in your Web browser:

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No News since Feb. 3

In the precious metals sector, Focus Gold Corp. (OTCQB: FGLD) is a Merritt Island, Fla.-based exploration stage issuer which is engaged in the business of purchasing gold coins and other precious metals in the form of jewelry from the public.

There is no current news or press releases on Focus Gold. Its Web site is still under construction. The last piece of news on the company occurred on Feb. 3 when the Alberta Securities Commission issued a Cease Trade Order on the Focus Gold?s stock.

Here is an excerpt from the press release:

CEASE TRADE ORDER

Citation: Focus Gold Corporation, Re, 2014 ABASC 38 Date: 20140203

Focus Gold Corporation

Background

1. Focus Gold Corporation (the Issuer) is a reporting issuer under the Securities Act (Alberta) (the Act) and has failed to file the following periodic disclosure pursuant to section 146 of the Act:

(a) interim unaudited financial statements, interim management's discussion and analysis, and certification of interim filings for the interim period ended 30 November 2013.

Decision

2. Under section 33.1 of the Act, it is ordered that trading or purchasing cease in respect of any security of the Issuer until this order has been revoked or varied.

3 February 2014

Tom Graham, CA

Director, Corporate Finance

On Mar. 14, FGLD?s share price closed at 0.0012 cents, down 0.0004 cents from its close of 0.0016 cents the previous day.

Find out what could be the best investor?s move when it comes to FGLD by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com/

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© Accesswire 2014
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