By Rodrigo Campos, Reuters
Wall Street up on earnings bets, M&A hopes
NEW YORK (Reuters) – The S&P 500 rose near a seven-week high on Wednesday as investors bet the upcoming earnings season and more merger activity will continue to lift equities.
The S&P 500 inched closer to 1,344, which would be the highest since June 2008 and has been a resistance level where continued buying could lead to a technical breakout.
The Dow industrials hit its highest intraday since 2008.
Miner shares rose as gold prices rallied to a record high against a backdrop of a weaker U.S. dollar and investor worries over inflation and unrest in North Africa and the Middle East. Silver touched a fresh 31-year peak.
Yesterday's Top Performing Small Cap Stock:
American Petro-Hunter, Inc. AAPH
American Petro-Hunter, Inc. was a SmallCapVoice.com top performer closing up over 15% on trading volume of 561,285 shares.
In a New Audio Interview at SmallCapVoice.com, Robert McIntosh President & C.E.O. of American Petro-Hunter, Inc., Provides Details Regarding Recent News
AUSTIN, TX — (Marketwire) — 04/06/11 — SmallCapVoice.com, Inc. announced today that a new audio interview featuring, American Petro-Hunter, Inc. AAPH is now available. The interview can be heard at http://smallcapvoice.com/blog/4-4-11-audio-interview-with-american-petro-hunter-inc-otcbb-aaph.
American Petro-Hunter Increases Targeted Production to 300 BOPD at NOS227 Well, North Oklahoma Project
SCOTTSDALE, AZ — (Marketwire) — 04/05/11 — American Petro-Hunter, Inc. AAPH (“American Petro-Hunter” or the “Company”) is pleased to announce that based on a series of successful tests and an engineering analysis of the resulting data, the Company and its partners have determined that following an upcoming planned fracture stimulation (“frack”), the recently drilled NOS227 well has the potential to produce at an Initial Production Rate (“IPR”) increased upwards from original estimates and now targeted at 300 barrels of oil per day.
Today's SmallCapVoice.com Hot Stock to Watch:
Tootie Pie Company TOOT
Tootie Pie Company to Open Second Dallas Area Café
Apr. 6, 2011 (Business Wire) — Tootie Pie Company, Inc. TOOT announced its plans to open its second Tootie Pie Gourmet Café in Dallas, Texas. It will be located at the corner of Preston & Royal, in the prestigious, well established and affluent Preston Hollow; near Highland Park and University Park.
SmallCapVoice Clients' News
Desmarais Energy Corporation (TSXV: DES:CA)
A New Audio Interview With James G. Long, President of Desmarais Energy Corporation, Is Now at SmallCapVoice.com
AUSTIN, TX — (Marketwire) — 04/05/11 — SmallCapVoice.com, Inc. announced today that a new audio interview with Desmarais Energy Corporation (TSX-V: DES) is now available. The interview can be heard at http://smallcapvoice.com/blog/4-1-11-audio-interview-with-desmarais-energy-corporation-tsxv-desca
Forex International Trading Corp. FXIT
Forex International Trading Corp. Reports Monthly Metrics of Triple 8 Limited
Apr. 5, 2011 (Business Wire) — Forex International Trading Corp. (the “Company”) FXIT, today highlighted the significant accomplishments achieved by Triple 8 Limited (“Triple”), which is approximately 45% owned by the Company. Triple's March 2011 performance includes:
| Triple 8 Ltd – March 2011 |
Month over Month |
Year over Year |
| Trading Volume (1) | 14% | 175% |
| Trades per Month | 23% | 124% |
| Active Trading Accounts (2) | 19% | 161% |
Rockwood National Corporation (Pink Sheets: RNTL)
Rockwood Announces Definitive Agreement to Acquire J&M Marketing and Advertising, Inc.
BOCA RATON, FL — (Marketwire) — 04/05/11 — Rockwood National Corp. RNTL, ("Rockwood") announced today that it has signed a definitive binding letter of intent with J&M Marketing and Advertising, Inc. (J&M), a multi-state distressed residential real estate marketing firm, to acquire 100% ownership of J&M. In exchange for the 100% ownership interest in J&M, Rockwood will issue capital stock to the shareholders of J&M tied to a performance earn out based on net profitability over the next 2 years. The total value of the transaction is estimated at US$1,000,000. Due diligence is in the final stages and the acquisition is anticipated to be concluded on or before April 15, 2011.
Other Small Cap News
Micromet, Inc. MITI
BiTE Antibody MT112/BAY 2010112 Demonstrates Potent Activity against Human Prostate Cancer Cells
BETHESDA, Md.–(BUSINESS WIRE)– Micromet, Inc. MITI, a biopharmaceutical company focused on the development and commercialization of next-generation antibodies for the treatment of cancer, today announced the presentation of pre-clinical data on its BiTE antibody MT112/BAY 2010112, discovered and developed in collaboration with Bayer HealthCare Pharmaceuticals, at the 102nd Annual Meeting of the American Association for Cancer Research (AACR) in Orlando, Florida. MT112/ BAY 2010112 is designed to direct a patient's T cells, the body's most potent killer cells, against cancer cells that express prostate specific membrane antigen (PSMA). PSMA is a target protein that is highly and specifically expressed in the majority of human prostate cancer patients.
Quepasa Corporation (NYSE Amex: QPSA)
Quepasa Partners With Tutudo to Offer Innovative Game Payment Solution
Tutudo E-Wallet Solution Targets Brazil's Middle Class Game Users
WEST PALM BEACH, FL–(Marketwire – 04/06/11) – Quepasa.com, the popular online social network and game platform for the Latino community operated by Quepasa Corporation QPSA, today announced an agreement with Tutudo, Inc., to make Tutudo's E-Wallet payment solution available for all Quepasa games.
NetSol Technologies, Inc. NTWK
NetSol Technologies Signs Multimillion-Dollar Contract With TCS Private Limited
CALABASAS, Calif., April 6, 2011 (GLOBE NEWSWIRE) — NetSol Technologies, Inc. ("NetSol" or the "Company") NTWK (Nasdaq Dubai:NTWK), a U.S. corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, today announced that it has signed a three-year, multimillion-dollar contract with TCS Private Ltd. ("TCS"), Pakistan's leading express and logistics provider, to develop a customized operations management IT solution.
Nevsun Resources Ltd. (NYSE Amex: NSU)
Nevsun Q1 2011 Operating Highlights
VANCOUVER, BRITISH COLUMBIA–(Marketwire – 04/06/11) – Nevsun Resources Ltd. NSUNSU is pleased to announce the Bisha mine in Eritrea processed 461,000 tonnes of ore yielding 75,000 ounces of gold in dore in Q1 2011, during the same period it was ramping up to commercial production. Nevsun has accumulated significant cash during Q1, with a cash balance of $100 million as of March 31, 2011.
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its audio interviews, as well small cap company's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our company information sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
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