Active Penny Stocks in the News
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Strategic Rare Earth (Pinksheets: SREH) reached up 100% in morning trading to $.0002 with 37M shares traded. SREH (Pinksheets: SREH - News) (www.sreholdings.com), a holdings company with subsidiaries Scientific News International (www.scientificnewsroom.com) and Mobile2Earth (www.mobile2earth.com), is pleased to announce that the company has completed a cancellation of an additional 360 Million common outstanding shares, placing them in retirement from the treasury permanently.
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Western Sierra Mining Corp. (OTC: WSRA) reached up 55.04% in morning trading to $.02 with 480K shares traded. Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Western Sierra Mining Corp. (OTC: WSRA) has reached an operational milestone in its long-range development plans. Western has now had two consecutive quarters of positive earnings and expects to remain in positive territory through the remainder of the year. The Company has also filed its Initial Disclosure statement with Pink Sheets and moved up to the Current Information reporting level.
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GenVec, Inc. (Nasdaq: GNVC) was up 13.61% in morning trading to $.5794 with 1M shares traded. GenVec, Inc. is a biopharmaceutical company developing novel therapeutic drugs and vaccines. GenVec, Inc. (Nasdaq:GNVC - News) today announced a new agreement for the supply of services relating to development materials with Novartis, related to the companies' collaboration in hearing loss and balance disorders. Under this new agreement, GenVec could receive approximately $13 million over four years to manufacture clinical trial material for up to two lead candidates.
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