Every public company loves when they put out good news and see the reflection in its stock price. The following four companies released positive news either this morning or late yesterday afternoon, and have seen their stock prices soar so far today.Shares of Hidalgo Mining International (Pink Sheets: HMIT) were up 60 percent, or 12 cents, this morning to 32 cents. The company announced yesterday afternoon is had received a formal offer from international mining company Consolidated Mining and Mineral (CMM) to purchase all the outstanding and issued stock of Hidalgo Mining for an aggregate price of $2.15 per share. Per the agreement, CCM will immediately own the mining rights to the Northern Mexico Coal Property which encompasses nearly 300 million tons of discovered and tested coal, valued at $55 per ton.
Stinger Systems Inc. (OTCBB: STIY) shares were trading at $2.20 this morning, up 62 percent, or 85 cents, after the company announced that Taser International Inc. (Nasdaq: TASR) has stipulated to a restrictive protective order in Taser v. Stinger to get a look at Stinger’s new Quantum Flyback Technology (QFT). According to the press release, the technology allows a stun gun circuit to be applied to conventional police firearms, currently contained in the Stinger S-200 remote contact stun gun is available to law enforcement in 19 states and 15 countries.
Hemishpherx Biopharma Inc. (AMEX: HEB) shares rose 13 cents, nearly 9 percent, to $1.60 in early morning trading. Today the company announced a new scientific report regarding its antiviral therapeutic product candidate Alferon-LDO used against the bird flu. In the press release, the company states that Alferon-LDO appears to have potential as a preventative and possible treatment for the bird flu.
Shares of Avalon Oil and Gas Inc. (OTCBB: AOGN) up nearly 49 percent, or 2 cents to 75 cents this morning after its announcement it has purchased a stake in the Janssen Prospect in Karnes County, Texas. The Janssen Prospect, expected to be a significant revenue opportunity for the company, according to the press release, contains reserves estimated between 75,000 and 100,000 barrels of condensate and 3 to 4 billion cubic feet of gas.