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 news late yesterday evening or early this morning:Shares of Protalix BioTherapeutics Inc. (AMEX: PLX) rose $1.78, nearly 9 percent, to $22.38 this morning after the company announced its board of directors has authorized it to prepare and file with the Securities and Exchange Commission (SEC) a statement to which the company can offer common stock to the public. The offering is set for the second half of 2007 – the amount has not yet been determined and is subject to SEC effectiveness, AMEX approval and market conditions.
Sunwin Stevia International Corp. (OTCBB: SUWN) shares climbed 5 cents, or 8 percent, to 64 cents on volume of 883,270 in early morning trading. Today the company announced it received a purchase order for its OnlySweet stevia to be used in a line of low calorie Cola, Orange Soda and Lemon Lime Twist soft drinks. In the press release, the company said it is assessing the marketplace and the different companies that have approached it as it looks for strategic relationships to benefit the company.
Shares of Unicorp Inc. (OTCBB: UCPI) were up 2 cents, or 8 percent, to 35 cents in early Wednesday trading. This morning, Unicorp announced the completion of its $1.3 million acquisition of producing properties in Welsh Field and Jefferson Davis Parish, La., which is the largest acquisition of properties to date. The properties contain 15 wells, including two saltwater injection wells, that are expected to generate monthly cash flow of $225,000.
Hallwood Group Inc. (AMEX: HWG) shares jumped $14.84, or 17 percent, to $102.00 today, reflecting yesterday’s announcement it received a proposal from Anthony J. Gumbiner, chairman of the board and beneficial owner of 66 percent of Hallwood stock. Gumbiner proposed a liquidation of the company, including all of Hallwood’s interests in its Brookwood Companies Inc. subsidiary, and a disposition of all Hallwood’s interests in Hallwood Energy. A special committee has been set by Hallwoods board of directors, though no decision regarding the liquidation has been made.