A Florida-based micro cap absolutely soared mid-session following an announcement that Stewart Wallach, Chairman and CEO of the company will discuss the status of the company’s Smart Mirror launch. Shares of Capstone Companies Inc. (OTCQB:CAPC) were bought up aggressively following the news.
Capstone Companies Inc. is a United States-based holding company. It is engaged in the business of developing, marketing, and selling specialty LED lighting solutions and consumer products through national and regional retailers and distributors in North America. It operates in product categories, including LED Puck Lights, LED Undercabinet Light Bars, LED Motion Sensor Lights, Wireless Remote-Control Outlets, Wireless Remote-Controlled LED Accent Lights, Wardrobe/Fitness Mirror, Standard Rectangular, and Others. It generates the majority of its revenue from the sale of Lighting Products in the United States.
Traders were bullish on the news as shares quickly popped up to $0.99/share (+26.07%) at the mid-session high. This move is a breath of fresh air for long term shareholders that have been holding during the multi-month slide since summer.
