Shares of Dussault Apparel Inc. (NDA) (OTC: DUSS) surged more than 80% in today’s trading. Vancouver-based Dussault Apparel is a development stage company with business limited to the design and distribution of apparel lines. The company sells its products in 200 retail locations across U.S. and Canada. At last check, the penny stock was up by 82.35% to $0.0620, with volume up from daily average of 123,000 to 9.91 million.
The penny stock soared today after the company announced the successful completion of a test sale. The company announced that after a successful completion of a test order from retailer LIDS, it has received a follow up order from the retailer for an exclusive collection of its Deuce Collection brand of headwear.
“I am very pleased that our test order with LIDS was a success, and I have created the ’Camo‘ collection specifically for LIDS and feel that it is one of my strongest pieces to date,” Jason Dussault, president and CEO of the company, stated in the press release.
Apart from today’s news, the company has been relatively quiet. For the year ended October 2009, the company made a loss of $128,935 – understandable since it is a development stage company.
The penny stock is currently trading above its 200-day and 50-day moving averages with a 52-week range of $0.01-$0.12. The success of the company depends a great deal on how it expands its products’ reach.
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