Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.PhytoLabs Inc. (OTCBB: PTYL) is once again increasing its stock price after releasing positive news within the company. Last week, PhytoLabs announced a consumer contest to create the new company brand, and this week has issued a statement confirming distribution rights overseas in Finland and Denmark. The company announced today in a press release that it has signed a sub-license agreement with the Danish life science firm Nordic Immotech Trading, allowing the firm to distribute Phytolabs immuno-stimulatory product overseas. Following this release shares climbed 31 cents, or 52 percent, to 91 cents, on volume of 6.6 million at the market’s close today.
Following a week of strong stock increases, Universal Travel Group (OTCBB: UTVG) was able to maintain steady gains today, following news of positive growth in foreign markets. Universal closed Tuesday with a stock increase of 17 cents, or 9 percent, to $2.02. Over the past week the companies stock price rose from $1.66 to $2.02 after the close today, an increase of 22 percent. Earlier today the company said it will renew its exclusive agreement with Sabre Travel Network. Universal acknowledged it is satisfied with the quality of Sabre’s products and customer service.
Rubicon Minerals Corp. (AMEX: RBY) shares rose 16 cents, or 9 percent, closing at $1.94 on volume of 754,000 this afternoon. Rubicon was pleased to provide results from a recently completed drill program at its 100 percent controlled Phoenix Gold Project. The company intersected new high-grade gold mineralization in the West Mine Target area. This new previously unexplored target area is wide open for follow up expansion and is full of visible gold in a fault zone.