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Article Excerpt
M2 PRESSWIRE-1 June 2006-Stockguru.com: StockGuru Break-Out Stocks for Thursday, June 1, 2006 - Clearly Canadian Reaches Another New 52 Week High and Sun Motor International Recently Announced an Increase in Contract Price for its Major Customers(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:01062006
Dallas, Texas - StockGuru Pre-Market Updates for Thursday include Sun Motor International, Inc. (OTCBB: SNMO), Franklin Mining, Inc. (OTC: FMNJ), and Clearly Canadian Beverage Corporation (OTCBB: CCBEF). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock. If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.
Sun Motor International, Inc. (OTCBB: SNMO) - Wednesday's shares closed down 5.50% to $2.75. The volume was 1,300. Sun Motor announced on May 25, 2006 that it has agreed with a number of key customers that the sale price for micro motors for use in office equipment and home appliances is to be increased by 10 to 15%. This negotiated increase comes against the background of recent increases in the price of raw materials, particularly copper, which are used in the manufacturing process. Simon Shi, Chairman of Sun Motor, had this to say; "It is gratifying to note that our relationship with our key customers enables us to increase prices, even as competition in the industry is exerting forces in the opposite direction. We...
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