SPPH, MRES, IROG surge

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.

Tags: Biotech Stocks, IROG, MRES, otcbb, pharmaceutical stocks, pink sheets, SPPH

This entry was posted on Thursday, November 11th, 2010 at 12:53 pm by Glenn and is filed under Energy Stocks, Health Care Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.