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At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
Dynergy Inc. (NYSE: DYN), $2.05, +$0.18, 9.63%, is trading over a 9% price increase from today's open with over 22.7 million shares traded. The traffic today could be attributed to the release of the third quarter financials. DYN announced that its adjusted EBITDA for the third quarter was $388 million, compared to $269 million for the same quarter last year. The company also reports a net loss of $212 million, compared to net income of $605 million for the third quarter 2008. The net loss in the third quarter 2009 was primarily driven by asset impairment charges and mark-to-market losses. Dynergy Inc., through its subsidiaries, produces and sells electric energy, capacity and ancillary services in key U.S. markets. Complete third quarter financial disclosure has been posted on the company's website.
Gilead Sciences Inc. (NASDAQ: GILD), $45.345, +$1.475, 3.36%, in collaboration with GlaxoSmithKline announced earlier this month its plans for an international, event-driven (morbid and mortality) clinical trial to study combination therapy versus monotherapy in a first-line treatment setting for pulmonary arterial hypertension. The complete news release is posted on the company's website. Gilead is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in the care of patients suffering from life-threatening diseases worldwide.
Verenex Energy Inc. (TSX: VNX) $7.02, +$0.22, 3.24%, is an oil and natural gas exploration company primarily focused in France and has initiated business activities in Northern Africa. The company announced today that it has entered into a definitive agreement with the Libyan Investment Authority (LIA), wherein the LIA will acquire all of VNX' shares issued and outstanding at a price per share in cash equal to $7.09 plus an additional amount per share. The complete details of the transaction still need to be approved by the Board of Directors of both companies. Verenex has posted current details on its website.
Empire Energy Corp Intl (OTCBB: EEGC), $0.066, +$0.041, 164.40%, is presently trading at a volume of over 16 million shares compared to yesterday's close of 327,000. The company has made gains of over 164% so far today. Empire Energy is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The company, presently operating in Tasmania's central and northern basins, announced that it has signed a Back to Site Agreement with Hunt Energy Drilling of Australia. Empire intends to commence drilling at the Bellevue site and follow with the Thunderbolt site. Bellevue and Thunderbolt are the two largest domes discovered during the extensive exploration efforts by Empire and Great South Land Minerals, its wholly owned subsidiary. Complete details are available on the company's website.
Rentech Inc. (AMEX: RTK), $1.41, +$0.06, 4.44%, is making gains today and presently trading at $1.41, up $0.06, with 1.4 million shares traded on no news. Rentech's primary focus is as a global provider of clean energy solutions.
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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com's affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for up to the minute investment ideas. Be sure to do your own Due Diligence before investing in any of the stocks mentioned above.
Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366
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