EntreMed, Inc. (NASDAQ: ENMD) Company announced the publication of its key papers on the clinical and preclinical development of ENMD-2076, an Aurora angiogenic kinase inhibitor. The clinical data were published in the December 3rd on-line issue of the American Association for Cancer Research journal, and are expected to appear soon in the print version of the publication. Results from the Phase 1 dose escalation study in 67 heavily pre-treated patients with refractory advanced solid tumors demonstrated that among the 58 patients evaluable for tumor response, two patients (3%) had partial responses as determined by RECIST, 49 patients (85%) had stable disease, and seven patients (12%) had progressive disease when ENMD-2076 was given orally daily. Stock has only lost a percentage point or $0.05 to settle at $5.05 with a light volume of 18,553.
EntreMed, Inc. is a clinical-stage pharmaceutical company focused on developing focused on developing ENMD-2076, an Aurora A and angiogenic kinase inhibitor for the treatment of cancer. ENMD-2076 is in Phase I studies in advanced cancers, multiple myeloma and leukemia. ENMD-2076 has received orphan drug designation from the United States Food and Drug Administration (FDA) for the treatment of ovarian cancer, multiple myeloma and acute myeloid leukemia (AML).
Banro Corporation (AMEX: BAA) announced that it has entered into an agreement with a syndicate of investment dealers, which have agreed to sell on behalf of the Company on an underwritten private placement basis 17,500,000 special warrants at a price of $3.25 per warrant for aggregate gross proceeds of $56,875,000. Each Special Warrant will entitle the holder to receive one common share of the company. Stock has fallen 4.08% or $0.14 to settle at $3.28 with a moderate volume of 105,290.
Banro Corporation is a Canada-based gold exploration company. The Company holds, through four wholly-owned subsidiaries, a 100% interest in four gold properties, known as Twangiza, Namoya, Lugushwa and Kamituga. These Projects are covered by a total of 13 exploitation permits and are found along the 210 kilometer-long Twangiza-Namoya gold belt in the South Kivu and Maniema Provinces of eastern Democratic Republic of the Congo.
Hovnanian Enterprises Inc. (NYSE: HOV) My favorite builder announced that it priced its previous offering of $50.5 million of its Class A Common Stock at $4.30 per share, resulting in net proceeds of approximately $47.7 million. Company also priced an offering of 3.0 million 7.25% tangible equity units, each with a stated amount of $25.00, resulting in net proceeds of approximately $72.5 million. Company's 11.875% senior unsecured notes due 2015 were priced at 97.453% of the $155.0 million aggregate principal amount to be issued, resulting in net proceeds of $147.9 million. Stock lost 2.23% so far to settle at $4.39 with an increased volume of 8.1 million, 8 times average of its normal traders shares.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations.
Popular, Inc. (NASDAQ: BPOP) has reported Q4 loss of $0.22 per share, $0.19 worse than the analyst consensus of $0.03. The net loss for the fourth quarter of 2010 was primarily driven by an increase in the provision for loan losses of $139.4 million, when compared with the quarter ended September 30, 2010, of which $176 million was derived from the reclassification of approximately $1.0 billion in loans, mostly non-accruing loans. Excluding the $176 million increase in the provision relating to these reclassifications, the provision for loan losses declined by $36.6 million in the fourth quarter of 2010, compared with the previous quarter. Stock has relatively remained unchanged standing at $3.30 at a surging volume of 21 million, twice the normal average of 11.2 million shares.
Popular, Inc. is a diversified, publicly owned bank holding company. The Company operates in three markets: Puerto Rico, the United States mainland and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican Republic, El Salvador and Costa Rica. The Company's offer in Puerto Rico a range of retail and commercial banking services through its principal bank subsidiary, Banco Popular de Puerto Rico.
DHT Maritime Inc. (NYSE: DHT) recently announced its size of the offering that has been increased from the previously-announced 8 million shares of common stock to 13.5 million at a public offering price of $4.65 per share. Stock has rallied from $4.11 to $5.11 in the past three months in a smooth uptrend making higher highs. However notice how precise the stock price and RSI work together, back in Dec. 27th and again on Jan. 19th, the RSI met a resistance of 70, and sure enough the stock tumbled. Same was the case today as the stock lost 6.69% or $0.37 to settle at $4.71
DHT Holdings, Inc., formerly DHT Maritime Inc., operates a fleet of double-hull tankers. As of March 25, 2010, the Company's fleet consists of three very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), two Suezmax tankers, which are tankers ranging in size from 130,000 to 170,000 dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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