Pacific Ethanol, Inc. (Nasdaq:PEIX) reached up 11.78% in morning trading to $1.51 with 11M shares traded. Pacific Ethanol, Inc. is the leading marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol also sells co-products, including wet distillers grain (WDG), a nutritional animal feed. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, Pacific Ethanol provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. Pacific Ethanol has a 27% ownership interest in New PE Holdco LLC, the owner of four ethanol production facilities. Pacific Ethanol operates and manages the four ethanol production facilities, which have a combined annual production capacity of 200 million gallons. The facilities in operation are located in Boardman, Oregon, Burley, Idaho and Stockton, California, and one idled facility is located in Madera, California. The facilities are near their respective fuel and feed customers, offering significant timing, transportation cost and logistical advantages. Pacific Ethanol's subsidiary, Kinergy Marketing LLC, markets ethanol from Pacific Ethanol's managed plants and from other third-party production facilities, and another subsidiary, Pacific Ag. Products, LLC, markets WDG. Pacific Ethanol, Inc. (Nasdaq:PEIX - News) announced yesterday they purchased an additional 7% ownership interest in New PE Holdco LLC, the owner of the four Pacific Ethanol production facilities with a combined annual production capacity of 200 million gallons.
Positron Corporation (OTCBB: POSC) reached up 36.36% in morning trading to $.012 with 2M shares traded. Positron Corporation is a leading molecular imaging company providing innovative nuclear medicine technologies and services that are reshaping the field of nuclear cardiology. Through proprietary PET imaging systems and radiopharmaceutical solutions, Positron enables healthcare providers to more accurately diagnose disease and improve patient outcomes while practicing cost effective medicine. Positron has gained significant traction in a diverse industry and continues their strong commitment to excellence and advancing cardiac imaging solutions. Positron Corporation (OTCBB: POSC.OB - News) announced that Amerinet has awarded a Group Purchasing Agreement for their PosiRx system to begin January 1, 2012 for a three-year period.
Cano Petroleum, Inc. (NYSE Amex: CFW) reached up 46.97% in morning trading to $.2059 with 2M shares traded. Cano Petroleum, Inc primarily focuses on increasing domestic production from proven oil fields utilizing enhanced recovery methods. Cano Petroleum, Inc. (NYSE Amex: CFW) (“Cano”) announced yesterday that it was unable to file its quarterly report on Form 10-Q for the quarter ended September 30, 2011 within the time frame previously announced in its press release on November 22, 2011 due to unforeseen delays. Cano estimates that it will file its quarterly report on or about December 12, 2011.
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