Dallas, TX 10/20/2009 12:52:53 AM
News / Business

(EROC, STEC,ORS ) are Today’s Most Active Stock - Stock News

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Eagle Rock Energy Partners,L.P, (NASDAQ:EROC)   notched up 6.12% to $4.92 on huge volume of 302k shares. Today the company announced that it received a non-binding proposal from Black Stone Minerals Company, L.P. (Black Stone), which includes, among other terms and conditions, an offer by Black Stone and certain of its co-investors (collectively, BSMC) to purchase the Eagle Rock`s Minerals Business (as defined in the Eagle Rock`s filings with the Securities and Exchange Commission) for $157.5 million and to provide a standby equity investment commitment in support of a public equity offering by Eagle Rock. The stock has a 52-week range of $2.65-$10.65. Eagle Rock Energy Partners, L.P. is a limited partnership engaged in midstream business, which is the business of gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids (NGLs); and marketing natural gas, condensate and NGLs; upstream business, which is acquiring, developing and producing interests in the oil and natural gas properties, and minerals business, which is acquiring and managing fee mineral, overriding royalty and royalty interests, either through direct ownership or through investment in other partnerships.

 

STEC, Inc. (NASDAQ:STEC) zoomed 4.99% to $25.40 on massive volume of 1.85 million shares on no news. The stock has a 52-week range of $3.42-$42.50. So far in the last six months the stock has rallied over 208%. STEC, Inc. (STEC) designs, develops, manufactures and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies. The Company specializes in developing flash drives and memory cards used in sensitive and highly volatile environments and high-density DRAM modules. STEC offers a product line used by original equipment manufacturers (OEMs).

 

Orsus Xelent Technologies Inc. (AMEX:ORS) soared 4.81% to $1.09 on an unusual high volume of 637k shares compared to a daily trading average of 349k shares on no news. The stock has a 52-week range of $0.11-$1.24. Till date in this calendar year the stock has gained 214%. Orsus Xelent Technologies, Inc., through the operations of its wholly owned subsidiary Beijing Orsus Xelent Technology & Trading Company Limited (Xelent), is engaged in the business of designing, manufacturing and distributing cellular phones for retail and wholesale distribution.

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