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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.

 

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.

 

Feb
12
2010
1 Comment »

Augusta Resource Jumps On $230M Deal With Silver Wheaton

Augusta Resource Corp. (USA) (AMEX:AZC) jumped 18.06% up to $2.55 on news the company has signed a mining deal with Silver Wheaton for a cash payment of US$230 million and additional payments of US$3.90 per ounce of silver and US$450 per ounce of gold delivered during the mine life. Headquartered in Vancouver, Canada, Augusta Resource Corp is a mineral resource mining and exploration company.  It holds a 100% interest in the Rosemont property, a copper-molybdenum-silver deposit in Pima County, Arizona that covers unpatented and patented mining claims of approximately 15,000 acres.

Mercer International Inc. (NASDAQ:MERC) gained 12.36% up to $3.91 on news the company reported results for the fourth quarter and year ended December 31, 2009 late yesterday. Operating EBITDA in the fourth quarter of 2009 increased by over 80% to $34.7 million from $18.6 million in the third quarter of 2009. In the fourth quarter of 2008, Mercer had an operating EBITDA loss of $9.9 million. The company noted progress in the last quarter of 2009 was due chiefly to pricing improvements and strong demand from Chinese markets. Headquartered in Vancouver, British Columbia, Mercer International is one of the largest northern bleached softwood kraft pulp producers in the world by production capacity.  The company’s markets are primarily in Europe, Asia and North America, through three subsidiaries consisting of large-scale, modern pulp mills: one in British Columbia and two in eastern Germany.

 

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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 affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Feb
11
2010
0 Comments

Keep Mercer International On Your Radar, MERC Gains, Releases 2009 Q4 Results After The Close

Mercer International Inc. (NASDAQ:MERC) rose 8.75% to close at $3.48 on no news; however the company is set to release fourth quarter and full year financial results for the period ended December 31,  after the close of the market today. Timber and pulp markets were hit hard by the economic the slowdown last year and showing signs of bouncing back on increased demands by global markets. Headquartered in Vancouver, British Columbia, Mercer International is one of the largest northern bleached softwood kraft pulp producers in the world by production capacity.  The company’s markets are primarily in Europe, Asia and North America, through three subsidiaries consisting of large-scale, modern pulp mills: one in British Columbia and two in eastern Germany.   Mercer’s stock has appreciated 241% since August.

Redhawk Resources, Inc. (CVE:RDK) gained 12.70% to close at $0.355 on no news.  Headquartered in Vancouver, British Columbia,  Redhawk Resources is resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The company also has two gold/silver properties of merit in Nevada. RDK has gained 294% from a 52 week trading low of $0.09 in March.  There is some technical resistance for RDK at the $0.38 level; however the stock is bullish and currently trading well above its 200 day moving average of $0.200. 

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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 affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Feb
11
2010
2 Comments »

Investment Opinion On LUN, ASTM, CHTL, NXG, SOH

Lundin Mining Corporation (TSX: LUN), $4.16, +0.11, 2.72%, is trading in the range of 4.09 and 4.21 today, making gains of 2.72% with pretty heavy volume on the TSX.  This past January LUN hit its 52 week-high of 5.18.  Lundin Mining will release its report for the Full Year and the Fourth Quarter 2009 on February 25, 2010.  The company will also hold a conference call on the same day.  Lundin Mining is a diversified base metals mining company with operations in Portugal, Spain, Sweden and the DRC.

 

Aastrom Biosciences Inc. (NASDAQ: ASTM), $0.182, -0.029, -13.60%, did not manage to sustain itself above its 52 week-low of 0.20, which it hit in early February.   Aastrom has been trading in the 0.165 to 0.19 range.  Astrom announced that it has approved a one-for-eight reverse stock split of the company’s common stock which will come into effect on February 18, 2010.  After the split Aastrom expects to have around 28.3 million shares of common stock outstanding.  Aastrom is a regenerative medicine company which deals with clinical development of autologous cell products which occurs when cells are collected from a patient and returned to that same patient for the repair or regeneration of multiple human tissues.

 

China Tel Group Inc. (OTCBB: CHTL), $1.54, +0.345, 28.87%, has been trading in a range of 1.411 to 1.80 today which is not far off from its 52 week-high of 2.00 from the beginning of January.  The company is responsible for offering fixed telephony, conventional long distance, high-speed wireless broadband and telecommunications infrastructure engineering and construction services, focusing on networks in Asia and South America.  China Tel announced that it has received the first combined instalments of two stock purchase agreements which is a total investment of $640 million into the company. The combined investment represents 48% of the total outstanding shares, putting ChinaTel at a value in excess of $1.33 billion.

 

Northgate Minerals Corporation (AMEX: NXG), $2.632, +0.172, 6.98%, is a Canadian based gold and copper producer with projects in Canada and Australia.  Shares of NXG are reaching levels between 2.50 to 2.67 today.  Northgate is proceeding with the development of the Young-Davidson mine in Ontario.  Some of the mine highlights include 2.8 million ounces of proven and probable reserves, annual production of 180,000 ounces of gold, employment for 600 people during the two year construction period and direct employment for 275 people over the 15 year life of the mine.

 

Soho Resources Corp. (TSXV: SOH), $0.09, +0.015, 20.00%, is heavily traded on the TSX Venture today with gains of over 20%, trading at the day’s high of 0.09 touching down on a low of 0.07.  Soho Resources Corp. is a junior exploration and development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico.  The significant traffic in volume and share price increase is not attributable to any news release.

 

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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.

 

Feb
10
2010
1 Comment »

Investment Opinion On WTN, ARR, RNN, CBAI, CTIC

Western Coal Corp. (TSX: WTN), $3.43, +0.28, 8.89%, is making considerable gains today trading near the day’s high of 3.47 touching down on a low of 3.26.  Western Coal released its operating results for the three and nine month period ending December 31, 2009.  Some key points included consolidated revenues of $118.7 million were 10% higher than fiscal second quarter 2010, attributable to 175,000 tonnes of coal sold at previous coal year prices.  Western Coal also reports that they commenced operations on a permit for Maple Coal surface mine which increases reserves of marketable tons to over 10 million short tons, which is a 67% increase in the Maple surface reserves.  Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia and West Virginia.

 

Arco Resources Corp. (TSXV: ARR), $0.06, +0.015, 33.33%, is trading in a tight spread between 0.045 and 0.07, coming close to reaching its 52 week-high of 0.075.  The company holds a 100% interest in six mineral claim blocks in Oaxaca, Mexico.  Arco reported on its underground sampling program from its 386 hectare Taviche property.  The results showed a 230 metre long shoot of the vein with silver-gold values averaging 173 g/t silver (Ag) and 1.5 g/t gold (Au).  Other samplings identified a similar 220 metre long shoot averaging 161 g/t Ag and 2.18 g/t Au.  The Tavish vein is a silver-gold-bearing quartz vein.

 

Rexahn Pharmaceuticals Inc. (AMEX: RNN), $0.76, +0.07, 10.14%, is a clinical stage pharmaceutical company focused on treatments of cancer, CNS disorders, sexual dysfunction and other medical needs.  The company has three drug candidates in Phase II clinical trials, Archexin™, Serdaxin™ and Zoraxel™.  RNN has been trading today between the 0.68 and 0.825 range on gains of over 10%.  Rexahn is presenting today at the 12th Annual BIO CEO & Investor Conference.  Rexhan’s Chairman and CEO, Dr. Chang H. Ahn, will speak about a business overview and provide updates on Rexahn’s recent clinical and financing milestones.

 

Cord Blood America Inc. (OTCBB: CBAI), $0.01, +0.001, 11.11%, is trading the day away in the range of 0.009 and 0.011, with the 52 week-high sitting at 0.02.  Cord Blood announced yesterday that it has finalized an agreement to process and store cord blood specimens for BioCells, Inc.  BioCells is the second largest stem cell storage company in Argentina with annual revenues of 1.5M (USD) and 12 locations throughout that country.  Cord Blood America facilitates umbilical cord blood stem cell preservation for expectant parents and their children.

 

Cell Therapeutics Inc. (NASDAQ: CTIC), $0.78, +0.14, 21.88%, focuses on the development, acquisition and commercialization of drugs for the treatment of cancer.  On February 11, 2010, the Cell Therapeutic’s team will host a conference call to review the Company’s 2009 fourth quarter and year-end achievements and financial results.  Cell Therapeutics is trading between 0.74 and 0.80, with its 52 week-high sitting at 2.23.

 

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.

 

Feb
09
2010
2 Comments »

Investment Opinion On BWR, EFG, PAL, CNLG

Breakwater Resources Ltd. (TSX: BWR), $0.425, +0.025, 6.25%, released its production results for 2009 and 2010 guidance confirming that it plans to spend $49.5 million on capital with majority of the funds being applied to Mochito, Toqui and Myra Falls.  Breakwater Resources is a mineral resource company dealing with the acquisition, exploration, development and mining of base metal and precious metal deposits in the Americas.  Breakwater expects to spend $3.9 million on exploration expenses in 2010 with its purpose of increasing the mineral resources at Mochito in Honduras and at Toqui in Chile. 

 

First Gold Exploration Inc. (TSXV: EFG), $0.62, +0.07, 12.73%, is a mining company with its main focus on the Relief Canyon Mine, which is an open-pit, heap leaching operation located approximately 110 miles northeast of Reno, Nevada.  The company announced that it has increased its land position by 265 km2 and during the staking rush around its Lac Pivert/Rose property.  Breakwater confirmed that the Lac Pivert/Rose project shows a number of mineralogical similarities with the Tanco Mine in Manitoba, which is owned by Cabot Corporation.  The mineralized zones at the Tanco Mine are encased in pegmatite dikes, and the minerals found in the pegmatites are lithium, tantalum, cesium and rubidium, just like the Lac Pivert/Rose project. EFG is trading today between 0.55 and 0.64. 

 

North American Palladium Ltd. (AMEX: PAL), $3.96, +0.55, 16.13%, is trading the day away in a close range between 3.45 and 3.93, with PAL’s 52 week-high hitting 4.78 on January 19.  North American Palladium is a precious metals company with its main interest in the production of palladium and gold.  The company’s Lac des Iles mine is one of North America’s two primary palladium producers and PAL also owns and operates the Sleeping Giant mine positioned in the prolific Abitibi region of Quebec.  The company announced its plans for 2010 to drill 53,000 meters as part of a $6.2 million gold exploration program.  It will also continue to focus on the exploration activities at its Sleeping Giant Mine and its Dormex property adjacent to the mine.

 

Conolog Corporation (NASDAQ: CNLG), $4.39, +2.28, 108.06%, is soaring today with extensive gains of over 108% on news that it has received advanced orders for its PDR systems and other communication equipment to be valued in excess of $1,900,000.  Looking forward the Chairman of the company, Benou, stated that Conolog will produce and market its ‘Glow Worm’ and focus on the design and introduction of its CM100 Multiplexer.  Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide.  The company stock has been trading in the day’s range of 3.02 and 4.72.  The 52 week-high sits at 6.64 from last March.

 

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.

 

Feb
02
2010
0 Comments

Investment Opinion On KFS, GNVC, BKT, RTK, AIX

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.

 

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.

 

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.

 

CALGARY, Alberta–(BUSINESS WIRE)–PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.

 

At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.

 

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.

 

Jan
26
2010
2 Comments »

Investment Opinion On PARD, VTG, UUU, ONT, VTPI

Poniard Pharmaceuticals Inc. (NASDAQ: PARD), $2.61, +0.47, 21.96%, traded the day away between 2.17 and 2.70, closing on gains of 21.96%.  Poniard Pharmaceuticals is a biopharmaceutical company with its main focus on the development and commercialization of cancer therapy products.  Poniard works with picoplatin as a preferred platinum agent in the treatment of solid tumor malignancies.  The company listed its targets for 2010 for Picoplatin as completing discussions with the FDA for a regulatory path forward for picoplatin, among others.

 

Vantage Drilling Co. (AMEX: VTG), $1.58, +0.09, 6.04%, announced that it has priced its public offering of 30,000,000 of its ordinary shares at $1.49 per share. Closing is expected on January 27, 2010.  Underwriters have an option exercisable for 30 days to purchase additional 4,500,000 ordinary shares.  Gross proceeds are approximately $44.7 million. Company intends to use proceeds for working capital and general corporate purposes.  Vantage offers contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells.

 

Uranium One Inc. (TSX : UUU), $3.39, +0.08, 2.42%, has made gains today and traded in the range of 3.31 to 3.52.  If things continue UUU could surpass its 52 week high of 4.07 from May of last year.  Uranium announced record results for the fourth quarter and for the 2009 year.  The success is a result of an increase in production at the South Inkai Uranium Mine. UUU also reported on the completion of its C$270 million convertible debenture financing with the JUMI consortium and the receipt of a US$20 million dividend from its Betpak Dala JV.  Uranium One is the world’s largest publicly traded uranium producers, with portfolio of assets in Kazakhstan, the United States, South Africa and Australia.

 

On2 Technologies Inc. (AMEX: ONT), $0.694, -0.028, -3.93%, traded today between 0.72 and 0.69.  The company closed the day with a loss of 3.93%.  ONT has been trying to get past the mid 0.70’s for over a week now.  The company announced earlier that they will be amending the merger agreement wherein Google will acquire On2.  Each outstanding share of On2 common stock will receive 0.0010 of Google Class A Common Share plus an additional $0.15 per share in cash consideration.  On2 is a developer of video compression technology and technology for enabling multimedia in resource-limited environments such as battery operated mobile handsets.

 

Vital Products Inc. (OTCBB: VTPI), $0.007, 0.0003, 4.48%, made progress today of 4.48% in their share price.  This is significant gain for VTPI in a considerable amount of time on heavy volume.  The company announced that it has completed preliminary discussions with a multi national sealant company.  Vital has been in talks with this company for 6 months and is developing environmental bio-based “foam in a can” to be used for residential construction and Do It Yourself markets.   Vital Products is a distributor of industrial packaging products.

 

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.

 

Jan
23
2010
1 Comment »

Investment Opinion On BPOP, CRBC, BMK, BQI, PZG

Popular Inc. (NASDAQ: BPOP), $2.27, +0.16, 7.58%, reported on its quarter and year end results with a net loss of $213.2 million for the quarter ending December 31, 2009, compared to a net loss of $125.0 million for the quarter ending September 30, 2009 and a net loss of $702.9 million for the quarter ended December 31, 2008. For the year ended December 31, 2009, the Corporation’s net loss totalled $573.9 million, compared with a net loss of $1.2 billion for the same period in 2008.  Popular Inc. is a publicly owned bank holding company, which operates as a financial institution.  BPOP is trading between 2.09 and 2.30.

 

Citizens Republic Bancorp Inc. (NASDAQ: CRBC), $0.875, +0.044, 5.33%, is trading the day away between 0.832 and 0.94.  CRBC is a diversified financial services company offering commercial, consumer, mortgage banking, trust and financial planning services to a broad client base.  On January 29, 2010 Citizens Republic Bancorp will hold a conference call and on January 28, 2010, the company will be releasing its fourth quarter and year end results after the market closes. 

 

MacDonald Mines Exploration Inc. (TSXV: BMK), $0.22, +0.025, 12.82%, announced that it has completed a comprehensive review of all exploration work on its properties in the Ring of Fire area of James Bay.  The reason for this initiative was the emergence of Cliffs Natural Resources with Noront Resources in the acquisition of Freewest Resources.  If at the meeting of Freewest shareholders, scheduled for January 25, approve the transaction then MacDonald Mines believes that this will be the tipping point for renewed exploration in southern James Bay, which could in turn spark things up for BMK.

Oil Sands Quest Inc. (AMEX: BQI), $0.96, +0.05, 5.49%, announced that it has reached an agreement to sell its oil shale assets in Saskatchewan to Canshale Corp. Canshale will purchase the assets for C$1 million plus 8 million shares.  Oil Sands Quest is exploring one of Canada’s largest holdings of contiguous oil sands permits and licenses, located in Saskatchewan and Alberta, and is developing Saskatchewan’s first global-scale oil sands discovery.  BQI has been trading between 0.91 and 0.98 today.

 

Paramount Gold and Silver Corp. (AMEX: PZG), $2.00, +0.12, 6.38%, is trading between 1.83 and 2.02, with gains of over 6%.  Paramount Gold and Silver is a natural resource company mainly focused on acquisition, exploration and development of gold, silver and precious metal properties.  Paramount announced that the MineralFields Group has exercised warrants to purchase a total of 3,636,362 shares of common stock in the capital of the company at a price per share of $1.25 for gross proceeds of C$4,454,525.

 

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.

 

Jan
22
2010
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Investment Opinion On RF, KEY, FIT, GNXP

Regions Financial Corp. (NYSE: RF), $7.20, +0.47, 6.98%, is one of the nation’s largest full service providers of consumer and commercial banking.  The stock has been trading today between 6.76 and 7.27, with a 52 week-high sitting at 7.60.  This past December Regions announced that it exceeded its goal of opening one million new checking accounts for consumers and small businesses in 2009.  This has helped the bank increase its deposits by $10 billion since September 2008.

 

Key Corp. (NYSE: KEY), $7.57, +0.61, 8.76%, is making gains today trading between 7.30 and 7.75.  Key Corp. is one of the largest bank-based financial services companies, with consolidated total assets of approximately $97 billion.  The company announced its fourth quarter financials with net loss from continuing operations of $258 million or $0.30 per share for the fourth quarter.  Net interest margin improves to 3.04%, up 24 basis points from the prior quarter, nonperforming assets decline by $289 million from the prior quarter.  Loan loss reserve increased to $2.5 billion, or 4.31% of total loans.

 

Health Fitness Corp. (AMEX: FIT), $8.70, +1.50, 20.83%, announced today that it has entered into a definitive merger agreement with Trustmark Mutual Holding Company in an all-cash transaction valued at approximately $97 million.  Health Fitness is a provider of health improvement services and programs to corporations, hospitals, communities and universities within Canada and the US.  The stock was trading between 7.36 and 8.825 today with heavier then usual volume.

 

Guiness Exploration Inc. (OTCBB: GNXP), $0.73, +0.08, 12.31%, announced earlier an addition to it Board of Directors.  Mr. Nigel Mattison joins the team having previous employment at Conrad Properties; Kuranda Resort and Spa; Russley Hotel, Christchurch; Pan Pacific Hotels and Resorts, a subsidiary of the Tokyu Corporation, Japan; ITT Sheraton; Groote Eylandt Mining Company Australia, just to name a few.  Guiness aquired mineral claims for the Mount Nansen and the Tawa gold and silver exploration properties in Yukon, Canada, and is now developing an exploration program for the properties.  Guiness is trading between 0.84 and 0.62, surpassing its 52 week-high from earlier this week of 0.70.

 

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.

 

Jan
21
2010
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