Each morning, the exchanges come alive – 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; news in the micro-cap market is generally slow as the week comes to an end – amid earnings reports and calls, a few companies’ share prices are climbing the charts at a slow pace.
China Bak Battery Inc. (Nasdaq: CBAK) shares are up 25 cents, about 7 percent, to $3.75 this morning, moving on volume 533,053. Today the company announced its third-quarter results and the appointment of Tony Shen as CFO. In a press release, the company reported net revenues for the third quarter were $29.5 million, down $33.2 million from the same quarter last year.
Shares of GigaBeam Corp. (Nasdaq: GGBM) were up 39 cents, nearly 10 percent, to $4.46 Friday morning, in response to the company’s news that it will release a comprehensive report about the company in general and developments in wireless fiber optics.
My Vintage Baby Inc. (Pink Sheets: MVBY) shares increased 11 cents, nearly 9 percent, to $1.34 Friday morning, still climbing from news released earlier this week. Wednesday the company announced its 2008 Spring Line will be reviewed by Neiman Marcus retailers August 8, 2007.
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