Each morning, the exchanges come alive – and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released some sort of news late yesterday evening or early this morning:
American Home Mortgage Investments (Pink Sheets: AHMIQ) shares jumped 4 cents, nearly 15 percent, to 31 cents just after the market’s open. Today the company announced its shareholder, NWQ Investment Management Co., liquidated its beneficially owned passive stake in the company, disclosing in a filing with the U.S. Securities and Exchange Commission. Earlier this week, American Home Mortgage received approval to enter into bankruptcy.
Universal Energy Corp. (OTCBB: UVSE) announced this morning that the drilling rig that will be utilized at the Amberjack prospect has been released. The drill will arrive at the “prospect” Monday, August 13, 2007. In response, shares climbed 8 cents, nearly 9 percent, to 88 cents in Friday morning.
“Starting our drill program with the Amberjack prospect is important to us. Prospects like Amberjack, which have proven undeveloped reserves, will be the financial foundation of our company for years to come,” Billy Raley, CEO of Universal Energy Corp., said in a press release.
Endeavor Energy Corp. (OTCBB: ENEC) shares are up 16 cents, nearly 12 percent, to $1.51 in early Friday trading. This morning the company announced it has acquired Australian Offshore Oil and Gas Concession Vic/P60, comprising 342,000 acres off the coast of Victoria, Australia. The original agreement was to purchase the promising oil and gas concession on April 18, 2007.
Please share your thoughts: MN1 Message Board