Blog - Page 4979 of 5434

FridayAug 10, 2007 6:24 pm

Top Closers With Big News

Public companies love to release positive news and watch the reflection in their stock prices. The following companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong. Endeavor Energy Corporation (OTCBB: ENEC) announced that the company has officially acquired Australian Offshore Oil and Gas Concession Vic/P60. Endeavor Energy had originally entered an agreement to purchase the promising oil and gas concession on April 18th, 2007. The news of this acquisition helped Endeavor’s stock price rise by 21 percent, or 29 cents, to $1.64 "In excess of 4 billion barrels…

FridayAug 10, 2007 6:23 pm

Lookout Exxon & BP!!! ENEC Closes Strong after Acquisition News

Shares of Endeavor Energy Corporation (OTCBB: ENEC) jumped up today after news about its acquisition of Australian Oil and Gas surfaced. ENEC closed up 29 cents (21 percent) at $1.64 per share on volume of just over 287,000 shares. ENEC announced earlier today in a press release that it has officially acquired Australian Offshore Oil and Gas Concession Vic/P60. The company had originally entered an agreement to purchase the promising oil and gas concession on April 18, 2007. The Vic/P60 concession is comprised of 342,000 acres in the prolific Gippsland Basin off the coast of Victoria, Australia - a region…

FridayAug 10, 2007 6:23 pm

World Poker Teams Up with Card Player Media

Share prices for World Poker Tour owner WPT Enterprises (NASDAQ: WPTE) skyrocketed this afternoon, suddenly jumping 9.22 percent to $3.79 a share just an hour before market close. It looks like the reason for the sudden investor interest was a statement the company put out earlier in the afternoon. According to the statement, WPT Enterprises just named Card Player Media as the official partner of the World Poker Tour for "exclusive, live tournament reporting." If you're at all familiar with the world of professional poker, then you're probably familiar with Card Player Media. The company owns and publishes Card Player…

FridayAug 10, 2007 6:22 pm

Why the Sudden Market Volatility?

Why do we have unprecedented market volatility now? For several reasons: first and foremost, it has to do with consumers leveraging their homes for cash via refinancing as rates fell over the last few years. Everyone who owned a home did this, and many times those consumers rolled into ARMs (adjustable rate mortgages) which are known to become toxic as rates rise. Secondly, the NYSE removed the uptick rule for short selling; why they chose to do this in 2007 remains a mystery to many market watchers. It's like giving a hedge fund another arrow in the quiver to fire…

FridayAug 10, 2007 6:21 pm

UVSE Surges Up!!! Amberjack Drill Rig Ready to Go

Shares of Universal Energy Corp. (OTCBB: UVSE) jumped up today after news about its Amberjack Prospect Drill Rig surfaced. In late trading today, UVSE was up 26 cents (33 percent) to $1.06 per share on volume of just over 268,000 shares. UVSE issued a press release today updating its stockholders on the status of its summer drilling program. In an announcement yesterday, the company informed its stockholders that the drilling rig that will be utilized to drill Well SL 18514 No. 1 at the Amberjack prospect had been released. Today, UVSE announced that the drill rig is in transit and…

FridayAug 10, 2007 6:20 pm

IMAX Dips in Second Quarter

Leading entertainment technology provider IMAX Corporation (NASDAQ: IMAX) had a rough day today, dropping 14 percent this morning on the second quarter results the company released after market close yesterday afternoon. For starters, the company's film revenues dropped to $8 million from $11.7 million the previous year. Film dollar margin also dropped, although by a much smaller percent, dipping from $3.8 million to $3.6 million this year. The company's cash and short-term investments dropped as well, falling to $18.5 million from $27.4 million the year before. However, the news wasn't all bad; the company's theater operations revenue rose from $4.1…

FridayAug 10, 2007 6:20 pm

SZSN Up Slightly after New R&D Agreement

Shares of Shandong Zhouyuan Seed and Nursery Co. Ltd. (OTCBB: SZSN) jumped up today after news about its new research and development agreement surfaced. In early trading today, SZSN was up 2 cents (9 percent) to 25 cents per share. SZSN announced that its operating subsidiary company in China has signed a research and development agreement with Sihong Feng Tian Seeds Co. Ltd. to jointly accelerate the application and promotion of new wheat seed "Zhouyuan 187" in the Jiangsu province, China P.R.C. It is expected that the final products will enhance the wheat production in Jiangsu due to the new…

FridayAug 10, 2007 6:19 pm

Early Movers with Big News

Each morning, the exchanges come alive - and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning: American Home Mortgage Investments (Pink Sheets: AHMIQ) shares jumped 4 cents, nearly 15 percent, to 31 cents just after the market's open. Today the company announced its shareholder, NWQ Investment Management Co., liquidated its beneficially owned passive stake in the company, disclosing in a filing with the…

FridayAug 10, 2007 5:23 pm

Global Realty Development Corp. (GRLY.OB) Business Strategy Offers Plenty of Opportunity of Growth

Global Realty Development is a publicly traded company in the United States that focuses on high-value investment and development of properties in real estate, entertainment and gaming markets around the globe. Global Realty and its international subsidiaries are actively looking to acquire and develop projects that have great potential in the short and long term. The company has built its portfolio by carefully choosing properties that maximize the company’s value. Its fiscally conservative approach with an entrepreneurial spirit reduces investment risk, but offers plenty of growth opportunities. Global Realty Development's primary holdings are in Australia, and is pursuing or engaged…

FridayAug 10, 2007 2:25 pm

Younger America, Inc. (YNGR.PK) is Committed to Providing Solid Shareholder Return

Younger America believes every day should be without pain and is committed to utilizing innovative technologies to develop products that focus on pain therapy and relief without using potentially harmful drugs. The company’s goal is to build an exciting company with sound business practices that provide excellent shareholder value. The CEO, Manny Shulman, brings much experience to the company as he has represented public companies and specialized in enhancing shareholder values through direct consulting services. Please share your thoughts: Younger America Message Board

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