ADVENTRX Pharmaceuticals, Inc. (AMEX:ANX) is The Top Volume Gainer On AMEX During Morning Trading Hours
Gran Tierra Energy Inc. (AMEX:GTE) And Northgate Minerals Corporation (USA) (AMEX:NXG) Round Out Top Three Volume Gainers During Morning Trading Hours
Dallas, TX 7/02/2009 03:28 PM GMT (TransWorldNews)
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ADVENTRX Pharmaceuticals, Inc. (AMEX:ANX) is one of the most active stock and jumped over 7% at $0.150 on 560K shares. On June 29, 2009, ADVENTRX announced today that it has obtained a commitment to purchase shares of its 5% Series B convertible preferred stock pursuant to a registered direct offering to a single institutional investor, representing gross proceeds of approximately $1.36 million. 25%, or approximately $340,250, of the gross proceeds will be placed in an escrow account, which amounts will be released to make the dividend and other payments. ADVENTRX is a development-stage biopharmaceutical company. The Company’s business is focused on in-licensing, developing and commercializing product candidates for the treatment of cancer.
Gran Tierra Energy Inc. (AMEX:GTE) is another stock which climbed over 1.45% at $3.49 on 592K shares in the early morning trade. The 52 week range for the stock is $7.95 and $1.72. On June 29, 2009, Gran Tierra Energy Inc. announced that the company has completed logging operations and initiated production testing of Costayaco-8. The Company also reported that production has returned to target levels of between 14,000 and 16,000 barrels of oil per day (BOPD) net after royalty following recent pipeline repairs. On june 22, 2009, Gran Tierra announced that it has signed three Exploration and Exploitation contracts with the National Hydrocarbon Agency totaling 235,264 acres in which Gran Tierra has a 100% working interest. Gran Tierra Energy Inc. (Gran Tierra) is an independent energy company engaged in oil and gas exploration, development and production.
Northgate Minerals Corporation (USA) (AMEX:NXG) climbed over 0.92% at $2.20 on 606K shares in the early morning trade. In the last few trading sessions, the stock gained over 55%. On June 29, 2009, Northgate Minerals Corporation announced that a three-year Employee Collective Agreement has been ratified by the Employee Collective, comprising of 190 production and maintenance employees for the underground and surface operations at the Fosterville Gold mine located in Victoria, Australia. This Agreement replaces the Australian Workforce Agreements and a temporary Greenfield agreement that was put into place in April 2008 when Northgate completed its conversion to owner mining from contractor mining. Northgate Minerals Corporation (Northgate) is a Canadian-based gold and copper producer with operations, development projects and exploration properties in Canada and Australia.
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