Blog - Page 5133 of 5581

WednesdayAug 08, 2007 9:32 pm

MTTG Still Up On Media Coverage

Shares of for Material Technologies Inc. (OTCBB: MTTG) are up 13.5 percent today, thanks to the work and national coverage the company has received in the wake of the recent I-35 bridge collapse in Minnesota. "The tragedy in Minneapolis has clearly demonstrated that without a technologically advanced and accurate system for finding cracks in metal, these cracks will inevitably spread, leading to a serious undermining of highway safety and unnecessary loss of lives," Robert Bernstein, the CEO of Material Technologies, said in the statement. Last week, five people were killed when the eight-lane I-35 bridge plunged 60 feet into the…

WednesdayAug 08, 2007 9:31 pm

CHND Navigating the “Corporate China Boat” for U.S. Entry

Shares of China Direct Inc. (OTCBB: CHND) jumped up today after posting its second quarter results. In mid-day trading, China Direct was up 41 cents (10 percent) to $4.41 cents per share on volume of just over 482,000 shares. China Direct reported revenues for the second quarter ended June 30, 2007, increased to $40.5 million as compared to revenues of $180,000 for the second quarter ended June 30, 2006. China Direct attributes the increase in revenues primarily to the three Chinese entities acquired since October 2006, Chang Magnesium, Lang Chemical and CDI Wanda, as well as a strong performance from…

WednesdayAug 08, 2007 9:31 pm

General Steel Holdings Joint Venture Approved

China’s first U.S. publicly traded company, General Steel Holdings Inc. (OTCBB: GSHO), announced today that it has received approval for its Joint Venture with Shaanxi Longmen Iron and Steel Group (“Longmen”) in the Shaanxi province. General Steel CEO and chairman, Henry Yu, stated earlier in a release, “After further discussion with the government, we changed our strategy away from acquiring the company in favor of a 60 percent Joint Venture. This allowed us to gain quicker licensing approval from the government.” The Joint Venture assumes existing operating units of Longmen, which include a rolling mill, iron and steel making facilities.…

WednesdayAug 08, 2007 9:30 pm

EST Releases Second Quarter Earnings

As second quarter earnings season hits full swing, Electronic Sensor Technology (EST) (OTCBB: ESNR) has come to join the party by releasing its own results. EST results show the company is on the right track, but still has things to improve on in order to grow. Revenues in the second quarter were near $700,000, which is up 11 percent year over year for the quarter. Although the company improved moderately over the past year for the second quarter, revenues were up 44.7 percent from the first quarter of this year. Even with the poor results the company experienced in the…

WednesdayAug 08, 2007 9:29 pm

DGSE up 33 Percent

DGSE Companies Inc. (NASDAQ: DGSE), the core company behind the Dallas Gold and Silver Exchange, recently announced that its recent Superior Galleries acquisition just completed its first successful auction under DGSE ownership, spurring share prices up 33 percent to $4.06 a share. According to the announcement, the sales pulled from the auction totaled just over $2.5 million. The 1,108 lot sale was reportedly held just prior to the 2007 ANA World's Fair of Money annual convention. "We are very pleased to have expanded the continuing strength of our recent auctions and our ability to offer the freshest material to our…

WednesdayAug 08, 2007 9:28 pm

DUSA up on 2nd Quarter Results

DUSA Pharmaceuticals Inc. (NASDAQ: DUSA) had a positive start this morning, edging up 10 percent to $2.60 a share this morning on the company's recent posting of its second quarter financial results for 2007. According to the results, it looks like things have been fairly good for DUSA. The company reported that total product revenues for the company had increased from $6.6 million to $6.9 million. Revenue on its Levluan photodynamic therapy (PDT) product was also up, climbing to $4.1 million from $3.8 million the year before. Total product revenues for the six months ended June 30, 2007, were $13.5…

WednesdayAug 08, 2007 9:27 pm

Cell Genesys Shares Rise in Response to Q2 Results

Shares of Cell Genesys (Nasdaq: CEGE) are on the rise today, climbing 27 cents, nearly 9 percent, to $3.55 in Wednesday morning trading. The activity follows on the heels of the company's financial results for the second quarter ended June 30, 2007, released yesterday afternoon. Second-quarter revenue was reported at less than $0.1 million, as compared to $1 million for the same period in 2006; in the press release the company said the decrease in revenue is due to the timing of revenue from current licensing arrangements. Cell Genesys reported a net loss of $1.9 million, or 3 cents per…

WednesdayAug 08, 2007 9:24 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: Biomira Inc. (Nasdaq: BIOM) shares climbed 14 cents, nearly 15 percent, to $1.10 today, just after the market's open. Today the company announced it signed an amended and restated supply agreement related to Stimuvax, the company's investigational therapeutic cancer vaccine. The amendments alter an original agreement signed…

WednesdayAug 08, 2007 9:23 pm

GFET to Use “Freakish” Sorghum for Ethanol Production

Share prices for the Gulf Ethanol Corp. (Pink Sheets: GFET) are slowly continuing their rise up the charts this morning, climbing 3 cents just after the market's open, reflecting yesterday's news the company's upcoming appearance in Bio-Fuels Journal. According a statement released earlier this afternoon, Gulf Ethanol will soon be profiled in the Bio-Fuels Journal for their work on an enhanced ethanol production facility slated for construction along the Texas Gulf Coast. In a recent article about the facility - also showcased in Bio-Fuels Journal - the new facility will use a new type of sorghum created by Texas A&M…

WednesdayAug 08, 2007 5:41 pm

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