Thursday, August 9, 2012

Hot AMEX Volume Buzzers (LNG, VHC, LSG, PIP, VTG)

Cheniere Energy, Inc. (AMEX:LNG) stock gained 3.74% to $14.12. The company reported second-quarter net loss of $24.9 million, as against $6.9 million in the comparable quarter last year. Net income for the latest quarter was $0.17 per unit, compared to $0.32 per unit for the year-ago quarter. Total revenues for the quarter fell to $61.40 million from $73.61 million a year ago.

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VirnetX Holding Corporation (AMEX:VHC) stock increased 2.51% to $26.14. On August 3, 2012, VirnetX Holding and NEC Corporation and NEC Corporation of America announced that on August 2, 2012, they signed a Patent License Agreement. Under the terms of the Agreement, VirnetX has agreed to license certain of its patents to NEC Corporation and NEC Corporation of America, for a one-time payment to VirnetX and an ongoing reasonable royalty on future sales as outlined in the Agreement with respect to certain current and future IP telephony products supporting encrypted communications.

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PharmAthene, Inc. (AMEX:PIP) shares climbed 8.03% to $1.48 in the early hour. The company posted second quarter revenue of $6.3 million, as compared to $6.4 million for the same period in 2011. For the second quarter of 2012, the company's net loss was $0.8 million, or $0.02 per share, as compared to $2.4 million, or $0.05 per share, in the same period of 2011.

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As of June 30, 2012, the Company had cash and cash equivalents and U.S. government billed and unbilled accounts receivables totaling approximately $20.0 million, as compared to $18.7 million at December 31, 2011.

Lake Shore Gold Corp Ordinary Shares (Canada) (AMEX:LSG) shares gained 6.54% to $1.14 in the morning hour after the company posted a narrower second-quarter net loss on higher gold output and increased gold prices. The net loss was C$2 million ($2 million), or break even per share, from C$2.5 million, or 1 Canadian cent per share, in the same quarter a year earlier. Total revenue tripled to C$40.7 million. Gold production also jumped to 24,426 ounces.

Vantage Drilling Company (AMEX:VTG) stock soared 11.04% to $1.71. The 52 week trading range for the company is $

The company last week reports a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012 as compared to a net loss of $40.1 million or ($0.14) per diluted share for the three months ended June 30, 2011.

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