Auric Mining Company (PINK: AUMY) reached up 38.89% in morning trading to $.01 with 14M shares traded. Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies. Auric Mining Company (OTC: AUMY) announced yesterday that it had secured an asset backed $20,000,000 Financial Guarantee commitment thereby facilitating and increasing the potential scope of the Company's recently announced acquisition and partnership initiatives. Negotiations are currently underway with respect to the completion of this commitment and the addition of further commitments.
THQ Inc. (NASDAQ: THQI) reached up 36.44% in morning trading to $.61 with 4M shares traded. THQ Inc. is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers, wireless devices and the Internet. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. THQ Inc. (NASDAQ: THQI) today provided preliminary, unaudited financial results for the fourth quarter ended March 31, 2012. For the fourth quarter, THQ expects to report non-GAAP net sales of $160 million to $170 million, which is above the company’s previous outlook of non-GAAP net sales in the range of $130 million to $150 million. Revised net sales expectations reflect: continued strong net sales of the critically-acclaimed Saints Row®: The Third™, which to date has shipped in more than four million units; higher-than-expected digital sales, largely driven by the robust digital content of Saints Row: The Third; and slightly higher-than-expected net sales of UFC® Undisputed® 3, which was released mid-February 2012 to highly-favorable critical reviews, achieving an average Metacritic score of 85.
Avalon Oil and Gas, Inc. (OTCBB: AOGN) reached up 66.67% in morning trading to $.0015 with 44M shares traded. Avalon Oil & Gas, Inc. is an independent oil and gas company engaged in the acquisition of producing oil and gas properties in Louisiana, Texas, Arkansas, Kansas, and Oklahoma. In addition, Avalon's technology group acquires and develops oil production enhancing technologies. Through Oiltek, Inc., Avalon's majority-owned subsidiary, Avalon is building an asset portfolio of innovative green energy technology assets. Avalon Oil and Gas, Inc. (Avalon) (OTCBB: AOGN) announced the formation of a joint venture to acquire oil and gas producing properties in Oklahoma, with Blair Oil Company, a Kingfisher, Oklahoma, based independent oil and gas producer; Zacale Resources Company, an Edmond, Oklahoma, based petroleum land management company; and Foy Streetman, a Chickasha, Oklahoma, based independent oil and gas producer.
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