Wall Street is rallying today as encouraging U.S. employment news suggest that the economy could be more stable than believed. U.S. private sector jobs rose by 157,000 last month, well above analysts expectations of 100,000 and new claims of unemployment fell by 14,000. There are a few penny stocks making moves today, with FBCD having the biggest percentage gain.
FBC Holding, Inc. (OTC:FBCD) is up 60% today at $0.0329 with an intraday high of $0.0370. FBCD has traded over 9 million shares so far today. The company announced yesterday that they have completed merger with Super Rad Corporation.
Shares of Treaty Energy Corporation (OTC:TECO) are up 17% following the company’s announcement of completion of Texas acquisition. TECO is currently trading at $0.0590 with over 5.5 million shares traded today. TECO reached a high of $0.07 shortly after market open.
Searchlight Solutions Ltd. (OTC:SLLN) is up 25% at $0.0020 with an intraday high of $0.0024. SLLN has traded over 85 million shares today.
Overall, the market is looking good today following the better than expected jobs numbers. Each of the major indices are up over 1% heading into the final hour of trading.
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