Investment Opinion On SNSS, TPL, SIM, SSN, OPK
Sunesis Pharmaceuticals Inc. (NASDAQ: SNSS), $1.06, +0.15, 16.48%, has been trading in a range today from 0.87 to 1.14 with gains of over 16%. Sunesis reported that it had granted Carmot Therapeutics an exclusive license to its proprietary Fragment-Based Lead Discovery (FBLD) technology. Sunesis retains full rights to the technology for use in its future internal discovery efforts. Sunesis is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers.
Tethys Petroleum Limited (TSX: TPL), $1.78, -0.04, -2.20%, was trading in the 0.90’s in January and today is seeing its trading in the range of 1.72 and 2.04 surging past 1.47 which was the previous 52 week-high from February 9th. Tethys announced the initial results of its testing on the upper zone oil discovery in Kazakhstan. The discovery showed a restricted rate of over 5,400 barrels per day. Together with the testing done on the lower zone the AKD01 flowed oil over 6,800 barrels per day. Tethys Petroleum is an oil and gas exploration and production company focusing in Central Asia with activities in the Republic of Kazakhstan and the Republic of Tajikistan.
Sierra Minerals Inc. (TSX: SIM), $0.34, +0.04, 13.33%, is a gold producer focused on acquiring and developing advanced stage gold deposits that have the likelihood of realizing near-term production. Sierra announced that it has entered into a binding Letter Agreement with Goldgroup Resources, a privately-held British Columbia company. The goal of the combination is to create a premier junior gold production company mainly focused in Mexico. Sierra Minerals has been trading in the range of 0.30 and 0.34 coming close to touching on its 52 week-high of 0.39 from mid January.
Samson Oil & Gas Limited (AMEX: SSN), $0.425, +0.068, 19.08%, is focuses on exploration and development of oil and natural gas properties in the United States. All five of Samson’s material oil and gas properties are producing properties. Samson reported on their drilling results at the Bakken Formation citing that recorded gas shows are consistent and oil shows are continuous with improvement. The company reported that “common greenish brown oil was observed at the shale shakers.” Samson has been trading in the range of 0.373 and 0.44 today with considerable gains of over 20%. The 52 week-high sits at 1.09 from last September.
Opko Health Inc. (AMEX: OPK), $1.98, +0.04, 2.06%, is trading on gains today hitting the day’s high of 2.05 with a low of 1.94. The 52 week-high sits at 2.91 from last September. Opko is a healthcare company set on discovery development and commercialization of proprietary pharmaceuticals for treatment of ophthalmic diseases and conditions. Opko announced that it has developed a simple diagnostic blood test for Alzheimer’s disease. Opko`s test which was designed to detect increased levels of antibodies special to Alzheimer’s disease, was around 95% accurate in its initial testing.
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