Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.
MCF Corporation (AMEX: MEM) shares were up 35 cents, or 8 percent, to $4.85, on volume of 100,300 at the market’s close today. Shares climbed steadily throughout the day after the company announced the “Inside Wall Street” column in “Business Week” featured MCF and their strategy to focus on the microcaps. MCF has shown steady sales gains over the past few years increasing from $6.5 million to $52 million over the past 4 years. Scott Potter of San Francisco Equity Partners was quoted in the column predicting sales should reach $100 million in 2 years.
Shares of Nevada Gold & Casinos Inc. (AMEX: UWN) went through a rough week along with many other companies but rallied today to close on an increase of 23 cents, or 12 percent, to $2.14. Throughout the week the company announced plans to sell off 260 acres of land. This development acreage, located near Black Hawk, Colorado, has the potential for any number of alternative uses that could include: resort, residential, recreational and commercial retail and office uses.
Wireless Xcessories Group Inc. (AMEX: XWG) shares rose 67 cents, or 22 percent, closing at $3.74 on volume of 500,300 this afternoon. Wireless Xcessories was able overcome the slowdown in the markets this week by making steady gains. The last two days have seen tremendous growth in Wireless Xcessories stock price going from a price yesterday of $2.79 to today’s close of $3.74, or 34 percent.