Archive for November, 2010

ENA races ahead, IRE overpowers share average, NOAH sinks

Monday, November 29th, 2010

Enova Systems Inc. (AMEX: ENA) picked up 22.55 percent in price Monday afternoon to $1.25. Volume of 180,330 shares was nearly four times its three-month average share volume. ENA is a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems.

Bank of Ireland (NYSE: IRE) did brisk business Monday, trading in 29,498,405 shares, dwarfing its three-month average share volume of 6.2 million. Prices jumped 20.83 percent to $1.71, in the aftermath of the E.U. move to bail out Irish banks.

Noah Holdings Ltd. (NYSE: NOAH) dropped by 8.04 percent Monday afternoon to $16.92. Volume of 352,300 shares was a pittance compared to its usual three-month average share volume of 1,377,410. Shanghai-based NOAH provides investment advisory and wealth management services.

LEI takes off, F in drive, DEXO backpedals

Monday, November 29th, 2010

Lucas Energy Inc. (AMEX: LEI) surged 34.52 percent in price Monday afternoon to $2.65. Volume of 1,011,650 shares proved more than seven times its three-month average share volume. The Houston-based independent oil and gas company provided an internal management update based upon its revised Eagle Ford potential reserves.

Ford Motor Company (NYSE: F) was among late Monday’s volume leaders, trading in 32,426,966 shares, still quite short of its three-month average share volume of 82,101,100. Prices were down 0.99 percent to $15.94 U.S. automobile sales in November may almost match the fastest pace this year as demand for domestic manufacturers’ trucks and sport-utility vehicles rose.

Dex One Corporation (NYSE: DEXO) fell in price Monday afternoon by 15.45 percent to $4.65. Volume was 684,224 shares, or more than double its three-month average share volume. The Dex One interactive operations are based in Santa Monica, Calif., and are responsible for developing online and mobile solutions that distribute local business information to consumers.

NATC, GRYO shine, KRMC sells widely, LPTC falls

Monday, November 29th, 2010

Nature’s Call Brands Inc. (OTCBB: NATC) leaped in price 34.78 percent in price to 31 cents, on volume of 2,617,437 shares, more than 10 times its daily average. The Las Vegas-based company announced today that Robert Van Egmond, P.Geo, has agreed to join the Company’s advisory board.

Gryphon Resources Inc. (Pink Sheets: GRYO) gained in price 13.56 percent early Monday afternoon to 36 cents, on volume of 17,977,220. The miner, based out of Bellingham, WA., today announced completion of a $320,000 private placement which raises sufficient capital for the first stage of a new lithium exploration initiative in Arizona.

Kurrant Mobile Catering Inc. (OTCBB: KRMC) was among the volume leaders Monday afternoon, trading at 1,350,000 shares. Shares were up 40 percent to 21 cents. The Montreal-based broadcaster announced that beginning in December, there will be national coverage of its new title Charles Manson Now in major U.S. media reaching a broad and influential multi-million-sized audience.

Le@p Technology Inc. (OTCBB: LPTC) took a whacking in price, losing 76 percent early Monday afternoon to six cents. Volume was a mere 463 shares. Le@P Technology, Inc. is based in Fort Lauderdale, Florida

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.

VOLT bolts higher, BAC busy, MTSL takes lickin’

Monday, November 29th, 2010

Voltaire Ltd. (NasdaqGM: VOLT) gained 34.6 percent in price Monday to $8.65. Volume approaching noon was 3,117,260 shares, easily trumping its three-month average share volume of 33,022. The leading provider of scale-out data center fabrics announced today a definitive agreement under which Mellanox Technologies Ltd. will acquire 100 percent of VOLTs outstanding ordinary shares for cash at a price of $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash).

Bank Of America Corp. (NYSE: BAC) was among late Monday morning’s volume leaders, trading in 60,345,222 shares, on track of its three-month average share volume of 197,194,000. BofA Merrill Lynch Global Research announced today it has introduced the Global Financial Stress Index (GFSI), a comprehensive, cross-market gauge of risk, hedging demand and investment flows. The index is designed to help investors identify market risks earlier and more accurately than commonly used risk indicators, such as the VIX index.

MER Telemanagement Solutions Ltd. (NasdaqCM: MTSL) fell in price early Monday by 13.02 percent to $1.87. Volume by noon was 77,694 shares, surpassing its three-month average share volume of 51,500. MTSL is an Israeli-based global provider of business support systems for comprehensive telecommunication management, telecommunications expense management solutions and customer care & billing solutions