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.Shares of Fellows Energy Ltd. (OTCBB: FLWE) rose percent from 2 cents to 5 cents, on volume of 1.72 million in afternoon trading. The oil and gas exploration company announced today it has entered into two transactions with Thunderbird Energy Corp. valued at $6.5 million. The transactions include the sale of Fellows Energy’s interests in the Carbon County project and joint venturing for extended development on the Weston County Project. Fellows Energy concentrates its interest in the Rocky Mountain Region.
IMA Exploration Inc. (AMEX: IMR) shares rose 30 cents, or 41 percent, to $1.03 on volume of 461,600 this afternoon. Shares rose steadily throughout the day after the company announced The British Columbia Court of Appeal will reach a verdict in the Navidad litigation on June 7, 2007. The case regards a case brought by Minera Aquiline Argentina SA alleging breach of Confidentiality Agreement entered into between IMa and Newmont Mining in 2002 concerning the potential sale of a gold property in Argentina, according to an earlier press release.
Intelective Communications Inc. (Pink Sheets: WPNC) shares were up 42 cents, or 525 percent, to 50 cents on volume of 21,000 today, after the company announced its revenue projection guidance for the next 12-24 months. The guidance is based on existing and future operations, include activity surrounding potential merger and acquisition activities, domain purchases and retail. The company projected revenue between $1 million and $3 million within the next 12-18 months.