Archive for the ‘Energy Stocks’ Category

HHC gets boost, S trades widely, WG sags

Monday, November 15th, 2010

The Howard Hughes Corporation (NYSE: HHC) climbed in price 9.17 percent to $40.35 in mid-afternoon trading on Monday. Volume in the company was 371,160 shares, within sight of its three-month daily average of 481,350. HHC was the result last week of a spinoff involving former parent company General Growth Properties Inc., the second-largest U.S. mall operator.

Sprint Nextel Corporation (NYSE: S) was among the volume leaders in late-afternoon trading Monday, doing business in 48,858,413 shares, compared to a full-day average of 45,064,600. The stock got punished, though, 3.35 percent in price to $3.89. Sprint announced Monday it has extended its WiMAX wireless broadband service to Sacramento, Calif, adding that it had opened its fifth California market and plans to begin selling the fourth-generation (4G) service in Los Angeles and San Francisco by the end of the year.

Willbros Group Inc. (NYSE: WG) lost ground Monday in its stock price, dropping 8.47 percent to $7.56. Volume in WG was 1,188,206 shares, compared to a daily average of 416,564.  Houston-based Willbros Group is an independent contractor serving the oil, gas, power, refining and petrochemical industries

ELCR in gear, LFBG high volume, CGFIA loses luster

Monday, November 15th, 2010

Electric Car Company Inc. (OTCBB: ELCR) saw its stock price double in mid-day trading Monday to one-100th of a cent, on volume of 91.1 million shares.  The Springfield, Mo.-based company specializes in electric conversions and manufacturing for the Livery, Fleet and Private Specialty Markets.

Left Behind Games (OTCBB: LFBG) proved one of the most active of micro-caps trading in the early afternoon Monday, dealing in 72,844,074 million shares. Stocks gained nearly 15 percent to $0.01. The Murrieta, Calif.-based video game maker is the only publicly-traded, exclusive publisher of Christian video game software.

Colorado Goldfields Inc. (OTCBB: CGFIA) stumbled in price 14.29 percent in early afternoon trading Monday to 18-100ths of a cent. Volume in this stock was 16.47 million shares. The junior miner is based out of Lakewood, Colo.

AIB reacts to EU speculation, BAC deals widely, RINO slumps on profit news

Monday, November 15th, 2010

Allied Irish Banks, PLC (NYSE: AIB) pumped stronger in price by 10.10 percent approaching midday in New York, to $1.14. Volume in this stock 3,451,782 shares, just shy of its three-month daily average of 4,945,550 shares.  Shares of Allied Irish picked up as speculation increases Ireland will get some sort of bailout from the European Union.

Bank of America Corp. (NYSE: BAC) proved quite the active stock in Monday morning trading, exchanging 46,667,839 shares. Normal daily share volume is around 194,841,000. BAC shares gained 0.99 percent in price to $12.25. BAC said Monday 30-day- plus credit-card delinquencies fell to 5.60 percent in October from 5.71 percent in September. Write-offs rose to 10.15 percent from 9.99 percent on an annualized basis. The information was disclosed in a regulatory filing.

RINO International Corporation (NasdaqGS: RINO) listed downward 23.07 percent by midday Monday in New York to $8.47. Volume of 3,408,627 more than quadrupled its 3-month average for an entire day. The clean energy company reported net income was $8.8 million, or 31 cents a share, compared with $17.1 million, or 68 cents a share, last year. Revenue fell 17 percent to $52.1 million.

LNG has juice, GE has strong volume, CMT staggers

Thursday, November 11th, 2010

Cheniere Energy Inc. (AMEX: LNG) gained 0.44 percent in price to close Thursday afternoon at $4.57. Volume in LNG was 4,587,302, more than eight times its normal share volume in one day. The Houston-based LNG last Friday reported a net loss of $40.6 million, or $0.73 per share for the quarter ended September 30, 2010 compared with a net loss of $42.5 million, or $0.80 per share, for the comparable 2009 period.

General Electric Company (NYSE: GE) was among the market’s volume leaders Thursday, with 45,024,341 shares, even though that figure was lower than its three-month daily average of 60,065,800 shares. The company slid 1.21 percent in price to close trading Thursday at $16.35.  Thursday, the company announced plans to use 25,000 electric vehicles in its fleets by 2015.

Core Molding Technologies Inc. (AMEX: CMT) took a thumping in price Thursday, falling 15.77 percent to close at $4.38. Share volume was 49,557, trampling its daily average volume of 3,532. Columbus, Ohio-based CMT reported Q3 net income of $307,000 or $.04 per share, compared with net income of $849,000, or $0.13 per basic share, in the third quarter of 2009.

SPPH, MRES, IROG surge

Thursday, November 11th, 2010

Spencer Pharmaceutical Inc. (Pink Sheets: SPPH) surged 53.32 percent in price by noon ET Thursday to 42.9 cents. Volume was 4.35 million shares. The Boston-based company announced Thursday that an unsolicited offer received on November 4, 2010 is at a premium of $0.97 per share, making the potential transaction valued at $245 million. SPPH has opted to continue to keep the purchaser’s name confidential until such time as a timeline can be presented and the approval of the board of directors can be obtained.

NeuroBiotech Corp. (Pink Sheets: MRES) surged 40.91 percent by midday Thursday to a price of 3.1 cents, based on volume of 1,611,044 million shares. The company, based out of Basel, Switzerland, is currently actively working towards the commercialization of natural products called “Neuroceuticals®”, specially designed to restore the nervous system equilibrium and improve the state of health as well as the quality of life of people affected by stress-related disorders.

Ironwood Gold Corp. (OTCBB: IROG) picked up 3.45 percent in price by noon ET Thursday to 12 cents. Volume in the stock traded at 834, 580 shares. Wednesday, the Scottsdale, Ariz.-based junior miner announced favorable results of the Mobile Metal Ion (MMI) soil survey that was completed October 12 at its Rock Creek property in Nevada.