Penny Stock Watch - MCZ

The San Diego, CA based game maker MAD Catz Interactive(MCZ) has signed an agreement with Microsoft as an offcial software publisher for Microsoft's Xbox video game in North America and Europe. The news send the company 18% higher with 2 millions shares traded, seven times more than the normal 332 thousands average shares traded per day. The agreement could give a big boost to the game maker which generated 112 thousands last year in revenue. The company is a real penny stock trading below a dollar per share for the past four months and is still trading at $0.82 per share after the new accouncement with Microsoft. The company is also making game pad for PS2 and XBox as well as XBOX 360.