Active Penny Stocks in the News
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EnteroMedics Inc. (Nasdaq: ETRM) reached up 25.84% in morning trading to $2.24 with 230K shares traded. EnteroMedics Inc. (NASDAQ:ETRM - News), the developer of medical devices using neuroblocking technology to treat obesity and other gastrointestinal disorders, today announced updated clinical results, including weight loss, HbA1c and hypertension control data, from the Company's VBLOC-DM2 ENABLE, EMPOWER and VBLOC RF2 Studies of VBLOC® vagal blocking therapy delivered via the Maestro® System. The Maestro System is the first obesity treatment to use neuroblocking technology and represents a less invasive alternative to existing surgical weight loss procedures, which alter digestive system anatomy, lifestyle and food choices and may present significant risks. For all studies of the Maestro RF and RC Systems, there remain no reported therapy-related serious adverse events.
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Dearborn Bancorp, Inc. (Nasdaq: DEAR) reached up 26.86% in morning trading to $2.22 with 690K shares traded. Dearborn Bancorp, Inc. (Nasdaq:DEAR - News), the Holding Company for Fidelity Bank ("Bank"), yesterday reported a net income of $631,000 or $0.08 per fully diluted common share for the three months ended September 30, 2010 compared to a net loss of $40,045,000 or $(5.24) per share for the three months ended September 30, 2009. For the nine months ended September 30, 2010, the Company's net loss was $11,870,000 or $(1.55) compared to a net loss of $55,369,000 or $(7.24) for the same period in 2009. The Company's Shareholders' Equity of $30,154,000 equates to a book value of $3.92 per share compared to the market closing price of $1.79 on September 30, 2010. In accordance with regulatory capital guidelines, the Bank remains "undercapitalized" at September 30, 2010.
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PositiveID Corporation (Nasdaq:PSID) reached up 18.42% in morning trading to $.7105 with 200K shares traded. PositiveID Corporation develops and markets healthcare and information management products through its RFID-based diagnostic devices and identification technologies, and its proprietary disease management tools. PositiveID Corporation ("PositiveID" or the "Company") (Nasdaq:PSID - News) announced today that it has received an initial order of 15,000 iGlucose(TM) units from Liberator Medical Holdings, Inc. ("Liberator"). Liberator offers over 5,000 products to Medicare-eligible patient populations with chronic conditions requiring repeat-orders of maintenance supplies.
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