Watchlist For March 16: CFW, LEI, AXK

Cano Petroleum Inc. ( AMEX: CFW ) shares are soaring in today's trading. The penny stock reached a high of $0.62 in early trading, and at last check, it was up 14.72% to $0.574, with volume up from daily average of 740,765 to 1.32 million. Cano Petroleum shares have a 52-week range of $0.28-$1.39. The stock is currently trading above its 50-day and 200-day moving averages. Year-to-date the stock gained 52.23%. Cano Petroleum is a Fort Worth, Texas-based independent oil and natural gas company, with assets onshore U.S. in Texas, New Mexico and Oklahoma. Lucas Energy Inc. ( AMEX: LEI ) shares are seeing a huge rally in today's trading. The small cap stock reached a high of $3.77 in early trading, and at last check, it was up 13.46% to $3.54, with volume up from daily average of 430,281 to 5.81 million. Lucas Energy shares have a 52-week range of $0.65-5.23. The stock is currently trading above its 50-day and 200-day moving averages. Year-to-date the stock gained 52.36%. Lucas Energy announced on Tuesday that it acquired an interest in the ARCO Fee A-908 No. 1 well from an independent operator. Lucas Energy is a Houston, Texas-based independent oil and gas company, engaged in the exploration and production of oil and natural gas. Accelr8 Technology Corporation ( AMEX: AXK ) shares are seeing a huge rally in today's trading. The small cap stock reached a high of $3.89 in early trading, and at last check, it was up 29.21% to $3.45, with volume up from daily average of 103,043 to 320,029. Accelr8 Technology shares have a 52-week range of $0.65-$5.70. The stock is currently trading above its 50-day and 200-day moving averages. Year-to-date the stock gained 248.48%. Acdelr8 Technology is a Denver, Colorado-based company, focusing on the development and commercialization of integrated system to identify bacteria and their mechanisms of antibiotic resistance in critically ill patients.
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