MLOBF moves, WLSI does well, AXNO goes south

Melo Biotechnology Holdings Inc. (OTCBB: MLOBF) sustained a 500-percent spike in price Tuesday to 12 cents. Shares traded totaled 47,000, or better than four times its full-day average. Melo International Holdings Limited develops trades and markets health products, which are mainly nutritional supplements, in Hong Kong.

Wellstar International Inc. (OTCBB: WLSI) traded in 40.5 million shares on Tuesday, making it among the volume leaders in micro-caps. Its full-day average is around 38 million. Prices for WLSI were flat at one-100th of a cent. Wellstar, through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc.is poised to become a leading diagnostic company in the health-care industry.

Asherxino Corp. (OTCBB: AXNO) dipped in price 59.7 percent to 6.05 cents Tuesday. Volume was 45,000 shares, or triple its full-day volume average. AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria.

Tags: AXNO, Energy Stocks, healthcare, MLOBF, otcbb, Penny Stocks, pharmaceutical stocks, small cap stocks, WLSI

This entry was posted on Tuesday, January 18th, 2011 at 11:40 am by Glenn and is filed under Energy Stocks, Health Care Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.