NEW YORK, January 31, 2012 –SWINGPLANE VENTURES (OTCQB: SWVI) slipped 8.59% to $0.330 on a traded volume of 10.82 million shares. The Company announced a NI43-101 report and outlined extensive mineralization. The Company’s Algarrobo Property is an Iron Oxide –Copper–Gold property located approximately 850 km north of Santiago , in the III Region, Province of Chanaral, Chile. Swingplane Ventures is a development stage company, manufactures and sells men and women golf apparels. Its clothing line consists of tailored-fit golf shirts, pants, and skirts.
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Quest Oil Corp (OTCPINK: QOIL) jumped up 100% to $0.0002 on a traded volume of 3.20 million shares. So far this year, the stock is up over 100%. Quest Oil Corporation is an independent oil and gas company with a primary focus on acquiring, developing and participating in the United States and Canadian crude oil and natural gas properties.
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Echo Automotive Inc (OTCQB: ECAU) plunged 22.16% to $1.51 on a traded volume of 3.38 million shares. The Company plans for its inaugural technology workshop and focus group aimed at initiating a productive information flow between the Company's EchoDrive technology, design and marketing team with an initial group of influential industry insiders and key potential customers.
The Company said that motorsports personality and industry advocate, Mr. Arie Luyendyk has joined its Advisory Board.
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World Moto Inc (OTCQB: FARE) went down 2.67% to $0.0910. The Company said that it has been contacted by Cyril Masson, the CEO of Europe's largest moto taxi operator, Citybird of France to identify opportunities for integrating the Moto-Meter into the French regulatory framework. The Company manufactures and supplies taxi meters for the motorcycle taxi industry. It offers portable taxi meters and black boxes for motorcycles. The company also provides professional consulting services to governments, organizations, and companies.
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Peregrine Pharmaceuticals (NASDAQ: PPHM) decreased 3.76% to $1.79 on a traded volume of 2.57 million shares. Recently, the Company filed SEC Form 4 related to statement of changes in beneficial ownership of securities.
Roth Capital increased the rating of Peregrine Pharmaceuticals from a neutral rating to a buy rating in a research report released. Roth Capital currently has $2.70 price target on the stock.
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