AppTech Corp. ($APCX) Shares Skyrocket 400% on Word of Verizon ($VZ) Approval

AppTech Corp. ($APCX) Shares Skyrocket 400% on Word of Verizon ($VZ) Approval

Shares of AppTech Corp. (OTC: $APCX) surged by more than 400% in today�s trading. Houston-based AppTech Corp.�s was formerly known as Natural Nutrition Inc. Its subsidiary AppTech Global is a developer of mobile application market places, which serve emerging countries throughout the world. AppTech seeks to become the first universal exchange for mobile software applications for any carrier in major languages. The penny stock reached a high of $0.14 in today�s trading. At last check, shares jumped 346.15% to $0.0870, with volume up from daily average of 5,000 to 4.48 million.

Today�s spike comes on the back of an announcement by the company that its subsidiary, AppTech Global, received an approval from Verizon (NYSE: $VZ) as a developer of mobile applications. On March 26, 2010, the company announced signing a technical non disclosure agreement with a NYSE/AMEX listed company to commence a test of its translation and marketing services. In February this year, the company had announced that AppTech Global has joined the Microsoft (NASDAQ: $MSFT) Mobile Development program to develop apps for the Windows Phone 7 Series. In the same month, the company also announced that it received an approval from Google (NASDAQ: $GOOG) as a developer of Android mobile applications.

The company�s latest quarterly report shows that it had $400,989 in current assets at the end of March 31, 2010. It reported revenue of $8,234 and an operating loss of 120,677. The company also mentions in its quarterly report that it has issued 5.5 million new shares of common stock.

The penny stock has a 52-week high of $1. Its 52-week range shows very high volatility. The stock has a very high beta of 3.95, which again shows high volatility.� The penny stock is currently trading above its 50-day and 200-day moving averages.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily on the underserved OTC stocks market, or �penny stock� market, which has traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.