A leak has been discovered on a Transocean Limited (NYSE: RIG) rig off the coast of Africa where the company says its Marinas semi-submersible rig has taken on water as it was being moved to another location. The rig is being operated by an Italian oil company, Eni SpA. A spokesman for Transocean said that [...]
Articles published by toliver
OTC Leader: Xinde Technology soars on Design Breakthrough
Shares of Xinde Technology Company (OTC: WTFS), a China-based company operating in three primary product segments, are soaring in today’s trading after the company reported that a new performance enhancing design breakthrough it developed has been tested thoroughly with Tianjin University. Xinde Technology shares surged as much as 38.78% higher at $0.170 this morning, with [...]
Penny Stock Leader: Portage Resources fuels up on Momentum
Portage Resources Inc. (PINK: POTG) is continuing to make strong progress in setting up its mining operations in Peru. Portage, which earlier this month said that Peru will be the main focus of its mining operations, yesterday announced that its wholly owned subsidiary Portage Minerals S.A. has signed a definitive agreement with Nilam Resources S.A. [...]
YRC Worldwide shareholders throw it in Reverse
YRC Worldwide Inc. (NASDAQ: YRCW) shares have hit the brakes. After an impressive four-day run-up of 155% gains, shares of the trucking company dropped 12% to $1.40 this morning. The gains in the last few trading sessions have come as the Overland Park, Kansas-based company is about to implement its restructuring plan, which was agreed [...]
AeroVironment Shares take Flight on Solid Q4 Results
Shares of AeroVironment Inc. (NASDAQ: AVAV) soared more than 20% today after the company announced its fourth-quarter financial results and guidance for fiscal 2012. AeroVironment shares closed at $34.51, up 20% on the day. AeroVironment reported fourth-quarter revenue of $106.1 million, representing an increase of 7% over the same period in the previous year. The [...]
OTC Stock Watch; QSGI prepares to Emerge from Chapter 11 with KruseCom Merger
QSGI Inc. (PINK: QSGIQ) shares tumbled more than 7% in afternoon trading after a brief spike this morning on an update of the company’s bankruptcy status. QSGI filed for a Chapter 11 bankruptcy in July 2009. The technology service provider said it has merged with KruseCom LLC, a private company engaged in buying, selling and maintaining [...]
Rare-Earth Stock Recap; Rare Element Resources on the Move
Shares of Rare Element Resources Ltd. (AMEX: REE), a Vancouver, Canada-based company with 100% interest in the Bear Lodge Property, are soaring in today’s trading after the company’s announcement on the results of an upgraded and increased NI 43-101 compliant mineral resource estimate of rare-earth elements at the Bear Lodge Property. At last check, the [...]
Pink Sheet on the Move; Sungro Minerals surges on $15M Quest Captial Funding
Shares of Sungro Minerals Inc. (PINK: SUGO), an early stage exploration and mining company, are soaring in today’s trading after the company announced that it received a Letter of Intent (LOI) from Quest Capital Finance to provide a commercial loan with a face amount of $15 million to further develop the Conglomerate Mesa Project located [...]
Pink Sheet Pick; Global Earth Energy climbs on Mining Agreement
Many of our members are making gains on this stock after our initial alert – sign up today! Shares of Global Earth Energy Inc. (PINK: GLER), a provider of renewable energy solutions, are climbing in today’s trading after the company entered into a contract mining agreement with Abundance Coal. At last check, the penny stock [...]
Biotech Stock Alert – what’s behind Orexigen’s Sharp Sell-off
Orexigen Therapeutics Inc. (NASDAQ: OREX) shares thanked more than 10% this morning after the San Diego-based biotech company on Friday provided a regulatory update on new drug application (NDA) for Contrave®, its lead product candidate for treatment of obesity. The company said on Friday that it met with the U.S. FDA recently to gain more [...]
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