URRE roars along, MSFT sells widely, floods take toll on CAGC

Posted on Wednesday, November 10th, 2010

Uranium Resources Inc. (NasdaqCM: URRE) jumped 18.55 percent in price Wednesday to $2.62, on volume of 6,915,808, or nearly four times its daily average. The Texas-based uranium company announced third-quarter financial results Monday, which featured cash at $10.5 million, compared with $11.4 million at the end of the trailing second quarter and $6.1 million at the end of 2009.

Microsoft Corporation (NasdaqGS: MSFT) was among the volume leaders in mid-afternoon trade Wednesday, with 38,505,718 shares changing hands. The corporation’s normal three-month daily average is 61,877,300. Share price for MSFT was up marginally; 0.19 percent to $27.00. The Redmond, Wash.-based company today announced the recipients of its Elevate America veterans’ initiative grants and the availability of new education, job training and placement programs to help give veterans and their spouses the skills and resources they need to be successful in today’s civilian workforce.

China Agritech Inc. (NasdaqGM: CAGC) took a pasting on its stock price of 19.61 percent to $12.42 in Wednesday trading. Volume was 2,862,213 shares, more than twice its daily volume average. The organic fertilizer maker said Wednesday its third-quarter net income fell 68 percent to miss analyst expectations as devastating floods in China damaged two million acres of cropland, hurting demand for its products.

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Posted in Energy Stocks, Technology Stocks by Glenn | No Comments »


CCCLU clicking, CSCO awaits Q1 results, IDSA slides on earnings info

Posted on Wednesday, November 10th, 2010

China Ceramics Company Ltd. (NasdaqCM: CCCLU) took off solidly, gaining 28 percent in mid-afternoon trade Wednesday to $8.00. Volume was only 200 shares, with daily average volume not available at press time. The leading Chinese manufacturer of ceramic tiles reported third-quarter revenues of $43.3 million, up 24.7 percent from the prior-year quarter, and gross profit of $13.8 million, up 24.2 percent from last year’s Q3.

Cisco Systems Inc. (NasdaqGS: CSCO) added 0.45 percent in price in mid-Wednesday trading to $24.46. Volume was 43,238,999 shares, reducing the gap with its daily volume average of 56,281,400 shares. The San Francisco-based tech giant is set to report results for the first quarter after Wednesday’s close.

Industrial Services of America Inc. (NasdaqCM: IDSA) dumped 20.38 percent in price Wednesday afternoon to $12.31. Share volume of 622,023 towered over its average of 171,574 shares. The dismal news follows word that IDSA reported Wednesday that net income for the third quarter fell 13.6 percent to $1.9 million, or 28 cents per share, from $2.2 million, or 37 cents per share in Q3 2009.

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Posted in Consumer Discretionary Stocks, Industrial Stocks, Technology Stocks by Glenn | 1 Comment »


ASEN, RPFG leap, BKTK, Zeox fail to get traction

Posted on Wednesday, November 10th, 2010

American Standard Energy Corp. (OTCBB: ASEN) catapulted itself in price 5,200 percent to $2.65 early Wednesday, on volume of 25,300 shares.

Rainier Pacific Financial Group, Inc. (Pink Sheets: RPFG) ballooned 6,850 percent in price Wednesday afternoon to 1.39 cents, on volumes of 33,850. Its 52-week trading range has peaked at 56 cents.

Black Tusk Minerals, Inc. (Pink Sheets: BKTK) skidded 5.88 percent in price mid-afternoon Wednesday to 16 cents, on scant volume of 16 shares. Latest news for this Vancouver-based exploration company’s stock concerned a one-for-50 reverse stock split back in October.

Zeox Corporation (Pink Sheets: ZOXCF) fell 82.64 percent in price to half a cent mid-afternoon Wednesday, on volume of 30,000 shares. The Kelowna, B.C.-based junior miner’s 52-week trading range has peaked around 23.6 cents

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Posted in Energy Stocks, Financial Stocks by Glenn | No Comments »


GRH more energetic, SPDR sells briskly, MBR lists lower

Posted on Wednesday, November 10th, 2010

GreenHunter Energy Inc. (AMEX: GRH) tacked on 15.98 percent to its price in early afternoon Wednesday, to $1.38. Volume on GRH shares was an unusually heavy 166,854, about five times its daily average. The Grapevine, Texas-based company announced last week that it has closed on approximately $30 million in tax-exempt Recovery Zone Facility Bonds.

SPDR S&P 500 (NYSEArca: SPY) did a brisk business early Wednesday, having traded in 123,355,762 shares, rapidly approaching its daily average of 193,469,000. The index-based issue inched up 0.22 percent in price to $121.88.

Mercantile Bancorp Inc. (AMEX: MBR) took it on the chin during early Wednesday afternoon trading, giving back 22.48 percent in price to $1.00. Volume in MBR stock surpassed 79,631 shares, or nearly 20 times its daily average. Last week, the Quincy, Illinois-based regional bank announced it would terminate its shareholder rights offering without acceptance of any of the subscriptions exercised thereunder.

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Posted in Consumer Staples Stocks, Energy Stocks, Financial Stocks by Glenn | No Comments »


BNVI perks, SIRI, FSGI falter

Posted on Wednesday, November 10th, 2010

Bionovo Inc. (NasdaqCM: BNVI) climbed 31.68 percent in price to $1.33 near lunch time Wednesday, on volume of 1,604,200 shares, nearly nine times its daily average. The Emeryville, California-based company said Wednesday said the U.S. Food and Drug Administration approved the clinical development plan for its lead drug candidate, Menerba, for treating hot flashes related to menopause.

Sirius XM Radio Inc. (NasdaqGS: SIRI) enjoyed healthy volume of 32,853,681 shares mid-Wednesday, ahead of the pace of its usual daily average volume of 74,982,700 shares. The satellite radio concern saw its stock price falter 2.01 percent to $1.46. Last week, SIRI reported third-quarter revenue of $722.5 million, up 15% from the prior-year quarter, and net income of $67.6 million, compared to a loss of $151.5 million.

First Security Group Inc. (NasdaqGS: FSGI) listed lower by noon ET Wednesday by 22.08 percent in price to $1.20. Volume in FSGI hit 71,627, more than four times its daily average. As of September 30, FSGI reported a third-quarter net loss of $30.2 million resulting in basic and diluted net loss of $1.92 per share for the quarter.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Health Care Stocks by Glenn | No Comments »


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