Trading slows down as the clock inches closer to “punch-out” time on Friday afternoons, but company shares continue to move, reflecting news and press releases posted throughout the week. The following companies closed up strong at the close of the market.Western Goldfields (OTCBB: WGDF) shares rose 25 cents, or 12 percent, closing at $2.30 this afternoon. Today the company announced that gold production at its Mesquite Mine is three months ahead of schedule. With this announcement, the company said the estimated average cost of sales increased from $335 per ounce to $350 per ounce for the first eight years of the mine plan.
Shares of Patriot Scientific Corp. (OTCBB: PTSC) closed at 58 cents, up 29 percent, or 12 cents at the market’s close. Trading started strong this morning and continued throughout the day after the company announced the U.S. District Court in the Eastern District of Texas ruled in favor of its Moore Microprocessor Patent Portfolio, jointly owned by Patriot Scientific and TPL Group.
Electronic Control Security Inc. (OTCBB: EKCS) shares climbed to a closing price of 85 cents, up 12 cents, or 17 percent this afternoon. The company announced earlier today it received a $7 million subcontract with Lockheed Martin for support services. According to a press release, the company’s status as a qualified subcontractor meets requirements of Lockheed Martin Warrior Shield Team under the Anti-Terrorism Force Protection. Per the contract, Electronic Control will manufacture technologies for use in intrusion detection systems.
iFinix Corp. (Pink Sheets: INXR) shares closed up 50 percent to $0.0006 today after the company announced the launch of its first phase of television advertising campaigns on CNBC, CNN, MSNBC and Bloomberg. The advertising spots are to promote its suite of products which offer streaming, real-time market data and news to investors.