3-30-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks move higher on upbeat economic data
Growing optimism that consumers are regaining confidence sent stocks higher again on Tuesday.
A new report showed consumer confidence grew more than expected in March, though it’s still well below historical levels that indicate a strong economy. A separate report showed home prices inched higher for the eighth consecutive month.
Apple Inc. and Verizon Communications jumped after a report said Apple was planning to make its popular iPhone for Verizon’s wireless service.
The reports follow a recent trend in data that shows the economy is improving, albeit slowly. Investors have reacted positively to similar reports in recent weeks. The Dow Jones industrial average has risen in 18 of the past 22 days and is now at its highest level since September 2008.
Yesterday’s Top Performing Small Cap Stock:
China Jo-Jo Drugstores, Inc. (OTCBB: CJJD)
China Jo-Jo Drugstores, Inc. was a SmallCapVoice.com top performer yesterday closing up over 21% on trading volume of 8,933 shares.
China Jo-Jo Drugstores, Inc., through its contractually controlled affiliates Hangzhou Jiuzhou Grand Pharmacy Chain Co., Ltd., Hangzhou Jiuzhou Clinic of Integrated Traditional and Western Medicine General Partnership, and Hangzhou Jiuzhou Medical & Public Health Service Co., Ltd., operates a retail pharmacy chain in China offering both western and traditional Chinese medicine. The chain currently has 22 stores throughout Hangzhou, the provincial capital of the Zhejiang Province.
Today’s SmallCapVoice.com Hot Stock to Watch:
AmeriLithium (OTCBB: AMEL)
AmeriLithium Secures $10 Million Financing Agreement to Support Exploration Program
AmeriLithium (OTC Bulletin Board: AMEL; “AmeriLithium” or “the Company”) entered into a $10 million financing agreement on March 26, 2010 with a European institutional investor (“the Investor”) focused on mining ventures. The financing will effectively enable AmeriLithium to launch its geological exploration program for its North American properties.
Other Small Cap News
AMCORE Financial, Inc. (Nasdaq: AMFI)
AMCORE Bank Sells 14 Locations to Midland States Bank
AMCORE Bank, N.A., a wholly-owned subsidiary of AMCORE Financial, Inc. (Nasdaq:AMFI), today announced that it has completed the sale of 12 branches and two stand-alone drive-ups to Midland States Bank of Effingham, IL. The branches are located in Dixon, Freeport, Mendota, Oregon, Peru, Princeton, Rock Falls and Sterling.
NexMed, Inc. (Nasdaq: NEXM)
NexMed Files Investigational New Drug Application with FDA for Cancer Drug Candidate
NexMed, Inc. (NASDAQ: NEXM), a specialty CRO with a pipeline of products based on the NexACT(R) technology, today announced that the Company has filed an Investigational New Drug (IND) application with the U.S. Food & Drug Administration (FDA) for a Phase II trial of its recently acquired cancer drug candidate PrevOnco(TM), in combination with doxorubicin in patients with advanced, unresectable hepatocellular carcinoma (HCC). The FDA has 30 days to comment on the IND before NexMed can proceed with human testing.
Generex Biotechnology Corporation (Nasdaq: GNBT)
Generex Announces Expansion Plan for the U.S. FDA Expanded Access Treatment IND Program for Generex Oral-lyn(TM) in the United States
Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, today announced that it has expanded its plans for its United States Food and Drug Administration (FDA) Expanded Access Treatment IND Program for its flagship product, Generex Oral-lyn(TM), to include licensed and qualified Nurse Practitioners in the United States.
Conolog Corporation (Nasdaq: CNLG)
Conolog Announced Today That It Has Filed a Patent Application for Its “GlowWorm” Fiber Optic Detector
Specific Product for Any Fiber Optic Network or Line
Conolog Corporation (NASDAQ: CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that it has filed a patent application with the U.S. Patent and Trademark Office for its “GlowWorm” fiber optic detector.
Servidyne, Inc. (Nasdaq: SERV)
Servidyne Announces Its Largest Energy Savings Contract to Date
Major Retailer to Improve the Energy Efficiency of 600 Facilities
Servidyne, Inc. (Nasdaq: SERV), an energy efficiency and demand response company, today reported that it has entered into a contract with a major U.S. retailer to dramatically improve the energy efficiency of approximately 600 of its stores and distribution centers. The agreement has an estimated total revenue value of $8.7 million for project work that should begin almost immediately and be completed over the next 12-24 months.
YM BioSciences Inc. (NYSE Amex: YMI)
YM BioSciences announces early expansion of ongoing CYT387 Phase I/II clinical study based on favorable safety and activity data
YM BioSciences Inc. (NYSE Amex:YMI, TSX:YM), announced that it has received ethics board approval to expand enrolment in its Phase I/II clinical trial of CYT387 at Mayo Clinic in patients with myelofibrosis, a chronic debilitating condition, where patient’s bone marrow is replaced by scar tissue.
Oncolytics Biotech Inc. (Nasdaq: ONCY)
Oncolytics Biotech(R) Inc. Announces Start of Enrolment in U.S. Phase 2 SCC Lung Cancer Trial
Oncolytics Biotech Inc. (“Oncolytics”) (TSX:ONC, NASDAQ:ONCY) announced today that the Cancer Therapy & Research Center at the University of Texas Health Science Center (CTRC) has started patient enrolment in a U.S. Phase 2 clinical trial using intravenous administration of REOLYSIN(R) in combination with carboplatin and paclitaxel in patients with squamous cell carcinoma of the lungs (SCC lung cancer). The Principal Investigator is Dr. Alain C. Mita of the CTRC.
Cavico Corp. (Nasdaq: CAVO)
Cavico Signs Road Construction Agreement for Noi Bai – Lao Cai Highway
Cavico Corp. (NASDAQ: CAVO), a leading infrastructure development company based in Vietnam, today announced that its majority owned subsidiary, Cavico Construction and Infrastructure Investment JSC has signed a road construction agreement with Korea-based Doosan Heavy Industries & Construction Co., Ltd. for the Noi Bai – Lao Cai Highway. The revenue for the contract for Cavico is $2.1 million.
Lpath, Inc. (OTCBB: LPTN)
Lpath Completes Successful Phase I Study With ASONEP in Cancer Patients and Achieves $2 Million Merck KGaA Milestone
Lpath, Inc. (OTC.BB:LPTN), the category leader in lipidomics-based therapeutics, announced positive summary results of its dose-escalation Phase 1 clinical trial of the investigational drug ASONEP(TM) in cancer patients with a wide variety of solid tumors.
Anadys Pharmaceuticals, Inc. (Nasdaq: ANDS)
Anadys Announces Two ANA598 Presentations to Be Made at the EASL Annual Meeting in April
Anadys Pharmaceuticals, Inc. (Nasdaq:ANDS) today announced that two presentations related to ANA598, the Company’s non-nucleoside polymerase inhibitor in Phase II development for the treatment of hepatitis C, are scheduled for the 45th Annual Meeting of the European Association for the Study of the Liver (EASL) in Vienna, Austria, April 14-18, 2010.
ChinaCast Education Corporation (Nasdaq: CAST)
ChinaCast Education Reports Record Fourth Quarter and Full Year 2009 Financial Results
Full Year 2009 Revenues Increased 23% to $51.0 Million
ChinaCast Education Corporation (the “Company” or “ChinaCast”) (Nasdaq:CAST), a leading for-profit, post-secondary education and e-Learning services provider in China, today announced its financial results for the fourth quarter and full year ended December 31, 2009.
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 daily stock picks, audio interviews, as well as its client’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 investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.
Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. For compensation and complete disclaimer click here.
Contact:
Stuart T. Smith CEO
512-267-2430
ssmith@smallcapvoice.com
http://www.smallcapvoice.com
Related posts
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
