Creative Edge Nutrition Inc. (PINKSHEETS: FITX) is down sharply in mid-day trading today even as the company made a major announcement earlier today. FITX, which is a nutritional supplement company focused on the development of innovative, high quality supplements, today announced that it secured a financing contract with Ashford Finance LLC, a specialized finance company based in New York City.
As per the terms of the agreement, Ashford Finance will provide FITX with an initial revolving Line of Credit of $2 million in purchase order financing. Ashford Finance has also agreed to provide additional financing for accounts receivables and transactional working capital.
Despite the positive development, FITX is down 6.25% in mid-day trading today. The stock has struggled in the last few trading sessions. However, today’s announcement should provide it with some momentum.
Harmonic Energy Inc. (OTCQB: ASUV), a development-stage company providing solutions for the disposition and recycling of scrap tires through tire re-manufacturing and carbonization of scrap tire products, is sinking in mid-day trading today, extending its losses for the week.
At last check, ASUV was down 26.67% to $0.880 on volume of 385,622, which is above the daily average volume of 203,607. The stock has fallen more than 39% this week. ASUV has tumbled after the stock rallied for nearly a week as the company announced the launch of a dedicated YouTube Channel.
ASUV has fallen below $0.90, which has been a key support level for the stock in recent weeks. The next support level for the stock is at $0.80.
eLayaway Inc. (OTCQB: ELAY), an online payment processor providing layaway services for merchants and consumers, is up sharply in mid-day trading today. At last check, the stock was trading 4.76% higher at $0.0022 on volume of 55.50 million, which is significantly above the daily average volume of 42.15 million.
ELAY is climbing in trading today after the company announced the launch of a social media hub to increase its brand awareness. ELAY has now gained more than 57% in the last two trading sessions. On Tuesday, the stock had finished 50% higher. Despite the two-day rally, the stock is still down 45% in the last five trading sessions.
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