Another Solid Day for Recon Technology (RCON, NEWL, GMAN, BPAX, ACAD)
Recon Technology, Ltd. (NASDAQ: RCON) surged 76.89% to $3.98 in the morning hours after the company announced that Beijing BHD Petroleum Technology Co., introduced the Baker Hughes Frac-PointTM System to China Petroleum and Chemical Corporation's ("Sinopec") Zhongyuan oilfield. The system helped Sinopec complete the fracturing of a dense sandstone horizontal well that required multistate fracturing.
NewLead Holdings Ltd (NASDAQ: NEWL) soared 66.39% to $2.08 in the morning hours after the company’s Board of Directors decided to cancel the 1-for-5 reverse stock split of its common shares that was scheduled to take effect upon the opening of the NASDAQ market today March 19, 2012, with a view to rectifying the minimum bid listing deficiency as previously announced.
Gordmans Stores, Inc. (NASDAQ: GMAN) climbed 21.57% to $18.77 in the early hour after the company announced results for its fourth quarter and fiscal year ended January 28, 2012. The company’s fourth quarter net sales increased 10.0% to $185.1 million from $168.4 million for the same period last year. The Company reported a 21.2% increase in net income to $10.2 million, or $0.53 per diluted share, as compared to net income of $8.4 million, or $0.44 per diluted share in the year ago period.
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) increased 4.12% to $0.733 after the company said that data from studies of the Pill-Plus “triple component” oral contraceptive were presented on March 10, 2012 by Pantarhei Bioscience at the World Congress of Gynecological Endocrinology in Florence, Italy.
ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) jumped 17.65% to $2.20 in the early hour. The 52 week trading range for the company is $0.90 - $3.30. On March 06, 2012, the company reported a fourth quarter net loss of $5.3 million, or $0.10 per common share, as compared to net income of $29.1 million, or $0.74 per common share, for the fourth quarter of 2010.
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