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Today's Morning Top Gainers (SPDE,BEST,SEED,NCT,IVAN)

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Speedus Corp. (NASDAQ: SPDE) is among the top percentage gainers in morning trade and surged 145% to $7.94 on huge volume of 2.83 million shares as today it has received U.S. Food and Drug Administration (FDA) clearance to market its new Signal X6(TM) device. Zargis also announced the delivery of seven Signal X6 devices to the U.S. Army for deployment in six Department of Defense medical facilities.

Shiner International, Inc. (NASDAQ: BEST) rallied 60% on 1.86 million shares and now trades at $1.68. On September 14, the Company said it expects 2009 revenue of approximately $34.0 million and 2010 revenue of approximately $53.0 million. The current consensus estimate is revenue of $38.6 million for the year ending December 31, 2009 and $52.8 million for the year ending December 31, 2010.

Origin Agritech Ltd. (NASDAQ: SEED) is also moving higher by 24% to $5.94 after it has reached an comprehensive, worldwide agreement with the Institute of Microbiology of the Chinese Academy of Sciences (CAS) and Sichuan Biotech Engineering, Limited. CAS and Sichuan Biotech jointly own the rights to an internally developed gene which is highly tolerant to glyphosate (herbicide).

Newcastle Investment Corp. (NYSE: NCT) soared 19 % now trades at $2.41 on an unusual volume of 1.49 million shares on no news. In the last one month the stock has surged over 88%.

Ivanhoe Energy Inc. (USA) (NASDAQ: IVAN) jumped up 16% to $2.52 on massive volume of 8.53 million shares . Robert Friedland, Executive Chairman, President and CEO of Ivanhoe, and David Martin, Chairman and CEO of Ivanhoe Energy Latin America Inc., announced yesterday that a new, independent review of earlier drilling has confirmed the world-scale status of Ivanhoe Energy Ecuador Inc.'s Pungarayacu heavy-oil field in Ecuador.

 

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