Kingsway Financial Services Inc. (TSX: KFS), $1.84, +0.32, 21.05%, is trading in the range of 1.72 and 2.07 with heavier than usual volume on news that it has entered into a definitive purchase agreement with The Westaim Corporation where Kingsway will sell all of the issued and outstanding shares of Jevco Insurance Company to Westaim, for approximate purchase of 94.5% of the book value of Jevco as at December 31, 2009. Kingsway Financial is involved in the non standard automobile insurance in North America.
GenVec Inc. (NASDAQ: GNVC), $3.10, +0.11, 3.68%, has been on a steady rise in the last months and is trading the day away between 2.96 and 3.34, with gains of 3.68%. The company is a biopharmaceutical company developing novel therapeutic drugs and vaccines. GenVec’s product, TNFerade™ is currently in a pivotal clinical study in locally advanced pancreatic cancer. GNVC announced that its trial in esophageal cancer was presented at the American Society of Clinical Oncology’s 2010 Gastrointestinal Cancer Symposium. GenVec also announced that the company has entered into a research collaboration and license agreement. GenVec and Novartis will collaborate to discover and develop novel treatments for hearing loss and balance disorders.
Brookemount Capital Inc. (TSXV: BKT), $0.105, +0.025, 31.25%, announced that it has entered into negotiations on a contiguous block of land in direct vicinity of the recent lithium discovery made by First Gold Exploration Inc. A final decision on this property is anticipated to be completed in the in the coming days. Brookemount has been trading in the range of 0.095 and 0.125 with gains of 37.50%. Brookemont currently has 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres located in Northern Ontario, 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon, bordering Underworld Resources Inc and now 6,687 acres in the Stewart Gold District of British Columbia
Rentech Inc. (AMEX: RTK), $1.23, +0.03, 2.50%, announced that along with ClearFuels Technology it has been awarded a conditional $22.6 million grant from the U.S. Department of Energy for its project to construct a biomass gasifier at Rentech’s Energy Technology Center. The gasifier will be integrated with Rentech’s Product Demonstration Unit for the production of renewable synthetic fuels from biomass. RTK has been steady trading between the 1.23 and 1.32 range. Rentech, incorporated in 1981, provides clean energy solutions.
Alix Resources Corp. (TSXV: AIX), $0.08, +0.005, 6.67%, is heavily trading today on the TSX Venture between 0.08 and 0.10. AIX announced that it has entered into an agreement to acquire a 100% interest in ground applied for adjacent to First Gold Exploration Pivert/Rose Property. Terms of the deal call for Alix to pay the vendor a total of $50,000 and 2 million shares of the company on claim application approval and TSX Venture approval. Alix Resources is a junior exploration company focusing on mineral and energy opportunities.
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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.
PicksThatMove.com Announces Investment Opinion on Kingsway Financial Services Inc., GenVec Inc., Brookemount Capital Inc., Rentech Inc. and Alix Resources Corp.
NOTE TO EDITORS: The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of Picksthatmove.com.
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Kingsway Financial Services Inc. (TSX: KFS), $1.84, +0.32, 21.05%, is trading in the range of 1.72 and 2.07 with heavier then usual volume on news that it has entered into a definitive purchase agreement with The Westaim Corporation where Kingsway will sell all of the issued and outstanding shares of Jevco Insurance Company to Westaim, for approximate purchase of 94.5% of the book value of Jevco as at December 31, 2009. Kingsway Financial is involved in the non standard automobile insurance in North America.
GenVec Inc. (NASDAQ: GNVC), $3.10, +0.11, 3.68%, has been on a steady rise in the last months and is trading the day away between 2.96 and 3.34, with gains of 3.68%. The company is a biopharmaceutical company developing novel therapeutic drugs and vaccines. GenVec’s product, TNFerade™ is currently in a pivotal clinical study in locally advanced pancreatic cancer. GNVC announced that its trial in esophageal cancer was presented at the American Society of Clinical Oncology’s 2010 Gastrointestinal Cancer Symposium. GenVec also announced that the company has entered into a research collaboration and license agreement. GenVec and Novartis will collaborate to discover and develop novel treatments for hearing loss and balance disorders.
Brookemount Capital Inc. (TSXV: BKT), $0.105, +0.025, 31.25%, announced that it has entered into negotiations on a contiguous block of land in direct vicinity of the recent lithium discovery made by First Gold Exploration Inc. A final decision on this property is anticipated to be completed in the in the coming days. Brookemount has been trading in the range of 0.095 and 0.125 with gains of 37.50%. Brookemont currently has 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres located in Northern Ontario, 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon, bordering Underworld Resources Inc and now 6,687 acres in the Stewart Gold District of British Columbia
Rentech Inc. (AMEX: RTK), $1.23, +0.03, 2.50%, announced that along with ClearFuels Technology it has been awarded a conditional $22.6 million grant from the U.S. Department of Energy for its project to construct a biomass gasifier at Rentech’s Energy Technology Center. The gasifier will be integrated with Rentech’s Product Demonstration Unit for the production of renewable synthetic fuels from biomass. RTK has been steady trading between the 1.23 and 1.32 range. Rentech, incorporated in 1981, provides clean energy solutions.
Alix Resources Corp. (TSXV: AIX), $0.08, +0.005, 6.67%, is heavily trading today on the TSX Venture between 0.08 and 0.10. AIX announced that it has entered into an agreement to acquire a 100% interest in ground applied for adjacent to First Gold Exploration Pivert/Rose Property. Terms of the deal call for Alix to pay the vendor a total of $50,000 and 2 million shares of the company on claim application approval and TSX Venture approval. Alix Resources is a junior exploration company focusing on mineral and energy opportunities.
About Picksthatmove.com
PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.