Notable Stock Winners (DARA, VICL, BPAX, INAP, NG)
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DARA Biosciences Inc (NASDAQ
ARA) shares jumped 5.94% and closed at $1.07 in the last trading session. The company, on Jan. 18, announced that it has entered into a definitive agreement with one institutional investor providing for the sale of $1.7 million of shares of Series B convertible preferred stock (which are convertible into a total of 1,238,616 shares of common stock) and warrants to purchase 619,308 shares of common stock. Subject to certain ownership limitations, the Series B preferred stock is convertible at any time at the option of the holder into shares of common stock at a conversion price of $1.3725 per share. The transaction is expected to close on or about January 20, 2012, subject to satisfaction of customary closing conditions
How Should Investors Trade DARA After The Recent Volatile Moves? Find Out Here
Vical Incorporated (NASDAQ:VICL) shares jumped 5.93% and closed at $3.57 in the last trading session. The company announced that the company will report financial results for the three months and twelve months ended December 31, 2012, before the opening of trading on Wednesday, February 6, and conduct a conference call and webcast to discuss the financial results and provide a company update at noon Eastern Time on Wednesday, February 6.
Is VICL Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Biosante Pharmaceuticals Inc (NASDAQ:BPAX) shares gained 5.84% to $1.45. BPAX and ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc. on Jan. 22, announced that each company will hold a special meeting of its stockholders on Friday, March 15, 2013 to consider and vote on certain matters in connection with the proposed merger of BioSante and ANI pursuant to the agreement and plan of merger dated October 3, 2012.
Can BPAX Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
InterNAP Network Services (NASDAQ:INAP) shares gained 5.59% to $7.75 after Investment analysts at Craig Hallum began coverage on shares of InterNAP in a note issued to investors yesterday. The firm set a “buy” rating and a $12.00 price target on the stock. Separately, analysts at Zacks downgraded shares of InterNAP from a “neutral” rating to an “underperform” rating in a research note to investors on January 24. They now have a $6.60 price target on the stock.
Is INAP Ready To Move Back To New Highs This Year? Find Out Here
NovaGold Resources Inc. (USA) (NYSEAMEX:NG) shares climbed 5.41% and closed at $4.48 in the last trading session. The company, on Jan. 2, received proceeds of CAD$46.4 million on December 31, 2012 from the exercise of the entirety of the 31,337,278 share purchase warrants held by Electrum Strategic Resources L.P. The warrants, due to expire January 21, 2013, were exercisable at CAD$1.479(1) per share. Upon exercise of these warrants, the shares received by Electrum were added to their core NOVAGOLD holdings. Electrum and its affiliate GRAT Holdings LLC now hold, in the aggregate, 84,569,479 shares or 27.2% of NOVAGOLD’s issued and outstanding shares. The proceeds from the warrants exercise will be used for the advancement of Donlin Gold, NOVAGOLD’s flagship asset.
Is NG Ready To Move Back To New Highs This Year? Find Out Here
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!?no????nvolves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
Contact Information:
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1-800-411-7716
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