Cheap Stocks Trading Higher This Afternoon: PWAV, COSI, MOTR, SNPK, TFER, BPZ

Wall Street

Powerwave Technologies, Inc. (NASDAQ:PWAV) is up 24.65% this afternoon at $1.77. PWAV has traded 1.8 million shares so far today, more than double its average volume. PWAV shares are up about $0.80 in the past week. The company has a market cap of 55.23 million.

Cosi, Inc. (NASDAQ:COSI) is up 9.31% today at $1.1150. COSI has traded 1.2 million shares this afternoon, 6 times its usual volume. COSI shares are up today on rumors of a Panera buyout of Cosi. Cosi is also announcing earnings later this month and today’s gain could be investors positioning themselves for that. The company has a market cap of 58.32 million.

Motricity, Inc. (NASDAQ:MOTR) is up 7.59% today at $1.21. MOTR is up on light volume today with 904 thousand shares traded. The stock trades 1.8 million shares a day on average. MOTR shares are up about $0.15 in the past couple of days. The company has a market cap of 55.15 million.

Sunpeaks Ventures Inc. (OTC:SNPK) is up 14.96% today at $0.6840. SNPK is the latest pump from one of the largest penny stock promotion newsletters. Pump and dumps can be extremely dangerous trades, especially for beginner traders. SNPK has traded 22.6 million shares so far today. Sunpeaks announced today Clotamin will be sold in 70 discount drug stores in Ohio. The company has been kicking the press release machine into overdrive with the start of the pump.

Titan Iron Ore Corp. (OTC:TFER) is up 4.26% this afternoon at $1.47. TFER is also rumored to have a promotional campaign behind it. TFER has traded 1.2 million shares so far today and trades 3.2 million shares a day on average. The company has a market cap of 73.61 million.

BPZ Resources, Inc. (NYSE:BPZ) is up 16.47% today at $3.96. BPZ is up on heavy volume today with 3.4 million shares traded, well above its daily average of 454 thousand shares. BPZ was upgraded by Rodman & Renshaw to market outperform earlier today. The company has a market cap of 455.01 million.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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