MIAMI, May 5, 2005 (PRIMEZONE) -- Stockwire.com Releases its Movers and Shakers List: As of 10:30am, small-cap stocks we are following include: Microtrak Inc (Pink Sheets:MIOK), Smartire Systems (OTCBB:SMTR), ERHC Energy Inc (OTCBB:ERHE), and China Digital Media Corp (OTCBB:CDGT).
Microtrak Inc (OTC:MIOK) ($0.85) just commenced trading two weeks ago and has been a stellar performer as investors have caught on about the Company's unique Global Positioning System (GPS) that allows subscribers to track their vehicles over the telephone or the internet. The stock has traded to new highs every day this week and is showing exceptional strength again this morning.
Smartire Systems (OTCBB:SMTR) ($0.173) after running up from $0.05 to $0.26 in the month of April for a 420% gain, SMTR finally pulled back to consolidate some of its gains last week. The stock is moving up again this morning and needs to break through resistance at $0.20 in order to challenge its previous high of $0.26.
ERHC Energy Inc (OTCBB:ERHE) ($0.765) is up 18% this morning, rebounding after a five day sell off. The Company focuses on exploration and of oil and gas reserves and production in the Gulf of Guinea offshore central West Africa.
China Digital Media Corp (OTCBB:CDGT) ($8.50) was trading at $2 last week, is that right? Wow! CDGT completed its acquisition of Arcotect Digital Technology Limited last week. The Company is contractor and operator of digital television services in Nanhai, a city in the Guangdong province.
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