Active Penny Stocks in the News
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Westmont Resources, Inc. (OTC Bulletin Board WMNS) reached up 66.72% in morning trading to $.1999 with 58K shares traded. Westmont Resources is an independent natural resource and development company headquartered in Bellevue, Washington, with principal operations in the United States. Westmont's business model emphasizes the acquisition and operation of existing producing assets, in the oil and gas industry. As new technologies expand both the exploration possibilities and production of oil and gas in the face of ever-rising demand, obtaining peak efficiency and production from existing aging wells becomes increasingly profitable. Westmont Resources is committed to significant growth as it pursues its strategy to combine and consolidate assets and companies in the oil and natural gas production and services sectors. Westmont Resources, Inc. (OTC Bulletin Board: WMNS.ob - News) ("Westmont"), is pleased to announce it is directing its auditors, Malone & Bailey (M&B) of Houston Texas, to perform an audit of Westmont's previously announced acquisition of 92 oil and gas wells in the Chattanooga Basin. Westmont's management currently estimates the potential and probable reserves associated with this acquisition to be valued in excess of $200 million.
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NMT Medical, Inc. (NASDAQ: NMTI) reached up 24.69% in morning trading to $.5499 with 250K shares traded. NMT Medical is an advanced medical technology company that designs, develops, manufactures and markets proprietary implant technologies that allow interventional cardiologists to treat structural heart disease through minimally invasive, catheter-based procedures. NMT is currently investigating the potential connection between a common heart defect that allows a right-to-left shunt or flow of blood through a defect like a patent foramen ovale (PFO) and brain attacks such as embolic stroke, transient ischemic attacks (TIAs) and migraine headaches. A common right-to-left shunt can allow venous blood, unfiltered and unmanaged by the lungs, to enter the arterial circulation of the brain, possibly triggering a cerebral event or brain attack. More than 33,000 PFOs have been treated globally with NMT's minimally invasive, catheter-based implant technology. -NMT Medical, Inc. (NASDAQ: NMTI - News) today announced financial results for the quarter ended June 30, 2010.
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ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) was up 22.22% in morning trading to $1.32 with 600K shares traded. ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD - News), a biopharmaceutical company utilizing innovative technology to fuel drug discovery and clinical development of novel treatments for central nervous system disorders, today announced that it has initiated a new Phase III trial designed to evaluate the efficacy, tolerability and safety of pimavanserin as a treatment for patients with Parkinson’s disease psychosis (PDP).
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Li-ion Motors Corp. (OTCBB: LMCO) was up 13.46% in morning trading to $1.18 with 120K shares traded. Li-ion Motors Corp. (OTCBB:LMCO - News) (Frankfurt XETRA:LL9L) www.Li-ionMotors.com, 21st Century Design & Engineering of emission-free, all electric high speed, long range automotive propulsion systems using the latest lithium-ion battery technology, is pleased to announce that they again topped the leader board for their division in the first week of the finals for the Progressive Automotive X-Prize with an average MPGe of 171.4 for the average of city, urban and highway cycles.
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