Boosting up one penny short of the $2.50 mark in today's trading, Commerce Planet Inc. (OTCBB: CPNE) continues to gain momentum. Finishing up at a solid $2.40 for about a 6% gain on the day, CPNE has come a far way since we initially profiled the company at a market price of $.22

With e-commerce thriving and consumers becoming increasingly comfortable with executing transactions online, CPNE is playing in some very very exciting markets. 2006 annual numbers should be out in March, which leads us to believe that the run has just begun.

Labels: 52 Week High, Commerce Planet, Commerce Planet Inc., CPNE, Online Retail, Penny Stocks