Small & Mid-Cap had a busy day
MIAMI, Aug 1, 2016 /PRNewswire/ — The small & mid-cap markets experienced high volume and volatility today Friday 7/29/16.
Below we discuss 4 companies that demonstrate above average volume and volatility.
Life Clips, Inc. (OTC: LCLP) (OTCQB: LCLP) is a developer and manufacturer of action cameras has seen an increase in trading activity during this week’s trading sessions. The company has released two key announcements that have sparked this trading momentum:
The company has signed an exclusive distribution agreement with © Mr. Checkout Distributors. This agreement now grants Life Clips access to an estimated 35,000 stores throughout the United States.
The company announced on Friday morning (7/29/16) that the company is now working with a number of corporations, universities, and Major League Sports teams to co-brand its Mobeego product.
Over the last two trading days LCLP has seen a price per share gain of 83.33%. From posting lows of $0.30 during Thursday’s (7/28/16) trading session, to hitting highs during Friday mornings trading session of $0.55.
Evoke Pharma (NASDAQ: EVOK) is a specialty pharmaceutical company that focuses on treatments for gastrointestinal diseases. The company has seen a significant spike in trading volume over the course of this week’s trading action. The company recently announced on July 26th 2016, that they received approval from the FDA for their proposed brand name “Gimoti”, for the company’s product candidate, EVK-001. EVOK has seen a significant price increase this week of 175.65% from lows of $1.52 on Tuesday (7/26/16) to highs during Friday morning’s trading session of $4.19.
Cloud Peak Energy, Inc. (NYSE: CLD) is one of the largest coal producers in the U.S. and the only pure-play Powder River Basin coal company. Thursday 7/28/16, the company announced results for Q2 and the first half of the year of 2016. CEO of the company, Colin Marshall, stated, “Increasing natural gas prices and a warm start to summer are beginning to improve the overall outlook towards the coal industry. After very low shipments in April and May, we started to see improved shipments in June and are optimistic that this trend will continue during the second half of the year.” This news ignited 25.43% gains during Friday morning’s after opening at $2.91 and seeing highs of $3.65.
TSRI, Inc. (NASDAQ: TSRI) a provider of computer programming consulting services has seen a pps increase of 55.86% during Friday morning’s trading action. The company announced Thursday 7/28/16, that they reported their financial results for the fourth quarter and fiscal year ended May 31, 2016. The company increased revenue by 3.6% from the same quarter 2015 to $15.5 million. Joseph F. Hughes, CEO, commented, “Our revenue increased 3.6% for the fourth quarter reflecting continued growth resulting from the efforts of our new hires in sales and recruiting. The increase in revenue resulted from an increase in the average daily rates charged for consultants on billing with customers.” During Friday morning’s trading session the stock soared seeing highs of $6.78 from lows of $4.35.
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