Posts Tagged ‘ACMR’

MGN mighty, GE does bright business, ACMR falters

Monday, December 6th, 2010

Mines Management Inc, (AMEX: MGN) strengthened 24.31 percent in price to $3.58. Volume of 704,193 shares trounced the stock’s normal full-day average volume of 118,542. Last week, the Spokane-based MGN announced it closed out the quarter with $7.4 million of unrestricted cash and certificates of deposit.

General Electric Company (NYSE: GE) traded in 58,589,131 shares, making it a leader in volume, edging its daily average. Shares in GE inched down 0.48 percent to close Monday at $16.70. GE today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq’s growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-megawatt expansion of the Arbil Power Plant, located in Iraq’s Kurdistan region.

A.C. Moore Arts & Crafts Inc. (NasdaqGS: ACMR) faded in price 12.86 percent Monday afternoon to wind up at $1.93, on volume of 354,971 shares, seven times its daily volume average. ACMR is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers.