Small Cap and Penny Stocks to Watch - MDTH, LCRD, JADG
Winston-Salem 4/02/2008 12:33 PM GMT (TransWorldNews)
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MedCath Corporation (Nasdaq: MDTH) Closed at $18.78. Today announced that MedCath Partners, LLC has acquired a 27.4 percent interest in a joint venture known as Southwest Arizona Heart and Vascular Center, LLC. The joint venture provides cardiac catheterization lab services to Yuma Regional Medical Center (the "Hospital") in Yuma, Arizona under a Management and Service Agreement with the Hospital.
What they do: MedCath Corporation, is a healthcare provider focused on high acuity services with the diagnosis and treatment of cardiovascular disease being a primary service offering. MedCath owns interests in and operates ten hospitals with a total of 663 licensed beds, located in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota, and Texas.
How They Trade: MDTH has a 52 week high of $34.61and a 52 week low of $18.02. Volume averages approximately 237 k shares a day.
LaserCard Corporation (Nasdaq: LCRD) Closed at $9.05. Today announced that it has received a purchase order to supply a next generation card encoding solution for the Department of Homeland Security’s (DHS) U.S. Permanent Resident Card (“Green Card”) Program.
What they do: LaserCard Corporation is a leading provider of secure ID solutions to governments and commercial clients around the world, and also manufactures a wide range of advanced, secure identity documents. These ID documents include the LaserCard® optical memory card and hybrid cards combining optical memory with contact, contactless and RFID chip technology.
How They Trade: LCRD has a 52 week high of $13.30 and a 52 week low of $7.37. Volume averages approximately 107 k shares a day.
Jade Art Group (OTCBB: JADG) Closed at $1.38. Today announced that the SheTai Jade mine owned by Wulateqianqi XiKai Mining Co., Ltd. (“XiKai”) has proven and probable reserves of 2.3 million cubic meters, or approximately 6.1 million tons, according to a survey report issued by the Inner Mongolia Geological Institution.
What they do: Jade Art Group Inc., through its wholly owned subsidiary, Jiangxi SheTai Jade Industrial Co., Ltd., sells and distributes raw jade ranging in uses from decorative construction material to high-end jewelry sourced from the SheTai Jade mine in China. This mine has one of the largest jade reserves in China and is owned by XiKai, with which Jade Art Group signed an agreement to acquire exclusive distribution rights to sell 90% of the SheTai Jade produced from the mine for the next 50 years.
How They Trade: JADG has a 52 week high of $2.97 and a 52 week low of $0.01. Volume averages approximately 30 k shares a day.
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