Archive for the ‘Health Care Stocks’ Category

SHZ shoots higher, THC busy, DANG dinged

Monday, December 13th, 2010

China Shen Zhou Mining and Resources Inc. (AMEX: SHZ) climbed 20.90 percent in price Monday afternoon to $4.57. Volume was 4,191,519 shares, more than triple the stock’s normal daily average. SHZ, engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that the Company has received the preliminary 2011 production limitation policy for the fluorite industry from the China Non-metallic Minerals Industry Association Fluorite Committee

Tenet Healthcare Corp (NYSE: THC) had great volume Monday afternoon, with 31,149,189 shares changing hands, almost three times normal daily average. Prices for THC were down 2.03 percent to $6.51. THC is a health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers and diagnostic imaging centers.

E-Commerce China Dangdang Inc. (NYSE: DANG) stumbled 10.19 percent to $29.55 on Monday. Volume was 2,864,983 shares, compared to its full-day average of 16,833,600. DANG celebrated its IPO last Wednesday.

Columbia Laboratories, Inc. (CBRX) – Buzz Stock of the Day

Monday, December 6th, 2010

Shares of specialty drug developer, Columbia Laboratories, Inc. (Nasdaq: CBRX) were up as much as 32 percent from Friday’s closing price in morning trading on Monday after the company announced positive results from a Phase 3 clinical trial of PROCHIEVE 8%, a  gel developed by Columbia Laboratories and Watson Pharmaceuticals, Inc. (NYSE: WPI) to reduce the risk of preterm birth in women.

The administration of PROCHIEVE 8% vaginal progesterone gel was associated with a statistically significant reduction in the rate of preterm birth at less than or equal to 32 6/7 weeks gestation, the primary endpoint of the study, compared to placebo gel.  There was also evidence of improvement in infant outcome. This study was conducted in collaboration with the Perinatology Research Branch (PRB) of the Division of Intramural Research of the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) of the National Institutes of Health (NIH).

“The primary result of this trial shows that vaginal progesterone reduces the rate of spontaneous preterm birth,” said Dr. Roberto Romero, Chief of the Perinatology Research Branch of the NICHD/NIH.

Preterm birth affects 10 percent to 12 percent of all pregnancies in the United States, costing approximately $26 billion per year.

“If ultimately approved, the availability of PROCHIEVE 8% would represent a previously unavailable option in the physician’s arsenal of responses, which currently focuses on extending pregnancy where possible and addressing infant care following premature birth,” said Fred Wilkinson, Watson’s Executive Vice President, Global Brands in a statement.

Shares of Columbia Laboratories, Inc. have been up as much as 86 percent in the past three months.

INBG doubles, CYCA busy, IMGM heads south

Monday, November 29th, 2010

International Building Technologies Group Inc. (OTCBB: INBG) doubled in price Monday afternoon to two-100ths of a cent, on 53.55 million shares, also doubling its daily average. The City of Industry, Ca.-based INBG in the business of manufacturing, marketing and providing equipment and materials to the building and construction industries.

Cytta Corp. (OTCBB: CYCA) saw its shares roll off the shelves Monday afternoon, trading in 135.95 million shares, or 17 times its normal daily average volume. The San Francisco-based CYCA helps deliver information ‘in the moment,’ so that health-care practitioners can provide healthcare services appropriately regardless of where their members live..

Imagin Molecular Corp. (OTCBB: IMGM) slid 78.8 percent in price Monday to 1.06 cents. Volume in IMGM was 100,000 was about twenty-three times its normal daily average of 4,320. The Calgary-based company, also called The Planet Bottle Corporation, makes what it calls the “GREENEST Bottle on the Planet”

RBY soars, GE generates shares, BSDM falters

Monday, November 29th, 2010

Rubicon Minerals Corporation (AMEX: RBY) gained 30.7 percent in price early Monday afternoon to $5.79. Volume just after noon was 7,349,954 shares, galloping past its three-month average share volume of 917,905. The Toronto-based miner provided a NI 43-101 compliant inferred mineral resource estimate for the F2 Gold System, part of its 100%-owned Phoenix Gold Project located in the heart of the prolific Red Lake Gold District of Ontario, an inferred resource of more than 6.2 million tonnes, at a grade of 20.1 grams per ton gold.

General Electric Company (NYSE: GE) was among late Monday noon hour’s volume leaders, trading in 27,132,962 shares, quickly nearing its three-month average share volume of 57,383,200. The electric behemoth was flat in price to $15.80. GE Healthcare announced today the 510k clearance of its next generation wireless, digital X-ray detector at the 96TH annual meeting of the Radiological Society of North America (RSNA) in Chicago.

BSD Medical Corp. (NasdaqGM: BSDM) fell in price early Monday afternoon by 12.86 percent to $4.88. Volume by noon was 1,453,585 shares, edging past its three-month average share volume of 1,208,060. BSDM announced today that it has filed its Annual Report on Form 10-K for the fiscal year ended August 31.

ELCR in gear, CMGR shines bright, WLSI sinks

Tuesday, November 23rd, 2010

Electric Car Company Inc. (OTCBB: ELCR) doubled in price soon after Tuesday’s opening bell to two-100ths of a cent, on volume of 4.1 million shares. The Missouri-based ELCR is a vehicle conversion company that specializes in electric conversions and manufacturing for the Livery, Fleet and Private Specialty Markets.

Camelot Entertainment Group Inc. (OTCBB: CMGR) exploded off the shelves, trading Tuesday in 47.33 million shares soon after the opening bell. CMGR stock was down in price 14.29 percent, however, at six-100ths of a cent. The Los Angeles-based company announced today that its quarterly revenue increased 130 percent from the last quarter, totaling $53,712 as compared to $23,338 during the second quarter of 2010, with an additional $266,975 in collected revenue booked as deferred revenue under motion picture accounting rules.

Wellstar International Inc. (OTCBB: WLSI) took a 50-percent pasting early in Tuesday trading to one-100th of a cent. Volume was 3.88 million shares. WLSI is a provider of specialized diagnostic software and equipment