Watch List: SMNG, IFXY, AAVG, CEHC, FNRC

Ludlow Research issues update to watch list:

Strategic Mining Corp. (SMNG) - up 9.52% to $0.092 on breakout trigger for small-cap gold play. Target of $0.12 to $0.14 short-term.

Infrax Systems Inc. (IFXY) - up 206% to $0.0092 on news, and breakout out in technicals.

AvStar Aviation (AAVG) - up 2.86% to $0.0144 per share. Maintains target of $0.08 to $0.10 on small aviation airline.

Cephas Holdings (CEHC) - last trade $0.0189 on news watch for Fedor MMA mobile app release in September. Target of $0.04 to $0.05 near-term.

1st NRG Corp. (FNRC) - very undervalued at $0.30 per share. 4.4 million shares outstanding, with only 2.8 million in public float. 5.8 Bcf in proven natural gas reserves value at $19 million. Price target of $2.00 per share.


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