PennyTrader.com Presents Today’s Midday Stock Report: CTDT, CABN, RACK
Stocks have given up their early gains with the Nasdaq now down 0.4% while both the Dow and S&P 500 are off 0.2%.
Shares of Patriot Coal (PCXCQ.PK 0.29, -0.02) are down more than 50% after the company confirmed plans to file for Chapter 11 reorganization. Today’s selling is the third session in a row with steep losses as the stock closed at $2.26 just last Thursday. Those who follow the stock should note the ticker change from ‘PCX’ to ‘PCXCQ.PK.’ Peabody Energy (BTU 23.28, -0.03) and Arch Coal (ACI 6.59, -0.08) are names that have some exposure to the company.
CTDT - Trade Alert
Up 31% in morning trading to $.262 with 5M shares traded
Sweetwater has acquired 100% of Centaurus Diamond Technologies Inc. Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company’s patented technology enables the production of “cultured” diamonds that are chemically, atomically, and structurally identical to natural diamonds. The gemological Institute of America has tested the Company’s “cultured” diamonds and has confirmed they are diamonds according to their testing protocols. Sweetwater Resources Inc. (CTDT) announced yesterday they have changed its name to “Centaurus Diamond Technologies Inc.” (or “Centaurus”) and will now trade under the new symbol (OTC.BB:CTDT) (OTCQB:CTDT)
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CABN – News Alert
Up 24.17% in morning trading to $.93 with 170K shares traded
Innovating at the forefront of chemical engineering, Carbon Sciences is developing a breakthrough technology to make cleaner and greener transportation fuels and other valuable products from natural gas. Their highly scalable, clean-tech process will enable the world to reduce its dependence on petroleum by transforming abundant and affordable natural gas into gasoline, diesel and jet fuel, and other products, such as hydrogen, methanol, pharmaceuticals, solvents, fertilizers, pesticides and plastics. The key to this process is a breakthrough catalyst that can reduce the cost of reforming natural gas into synthesis gas (syngas), the most costly step in making products from natural gas. Carbon Sciences Inc. (CABN) today announced that the company’s clean CO2-based technology could produce synthesis gas (syngas) from natural gas to feed operations using ExxonMobil’s proprietary methanol to gasoline process. Syngas is an industry standard feedstock used to make transportation fuels and other valuable products usually derived from petroleum.
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RACK – News Alert
Up 25.71% in morning trading to $.22 with 200K shares traded
Rackwise, Inc. is a leader in software development and marketing within the growing markets for IT infrastructure tracking, monitoring, modeling, and management. The Company’s suite of DCiM™ product and service offerings enables clients to effectively manage today’s high density computing configurations and virtualized data centers while mitigating the risks associated with cascading faults within the infrastructure. Rackwise® solutions integrate device level, real-time monitoring with advanced modeling, reporting, analytics and other critical features and functionalities, providing users with robust, state-of-the-art platforms to responsibly optimize operations and maximize cost efficiencies of their IT infrastructures, and progress toward achieving sustainable green data centers. Its branded Rackwise® Products and Services, DCiM™ Solutions, are used by over 150 companies worldwide. Rackwise, Inc. (RACK.OB) announced they expect to report record bookings and revenue for the second quarter 2012 ended June 30, 2012. The Company expects revenue for the second quarter of 2012 to be approximately $1.2 million, a 362% increase from Q2 of 2011, and an increase of 75% from Q1 of 2012.
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