PennyTrader.com Presents Today’s Midday Stock Report: SWTR, SSN, SNTA
Stocks are holding strong to their gains. The action has the S&P 500 drifting along the 1350 line.
The June Chicago PMI reading of 52.9 came as little surprise since economists had generally expected a reading of 53.0 to follow the prior month reading of 52.7.
Separately, the University of Michigan’s final Consumer Sentiment Survey for May eased down to 73.2 from the 74.1 that was posted in the preliminary Survey. Many had expected the reading to go unrevised.
SWTR - Trade Alert
Up 14.75% in morning trading to $.35 with 340K shares traded
Sweetwater has acquired certain assets to fully commercialize a 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. Sweetwater Resources, Inc. (SWTR) yesterday announced the launch of its new corporate website located at http://www.sweetwaterresourcesinc.com. The website provides visitors with a comprehensive source of information on the Company’s newly acquired diamond technology, the industry and its patents. Stakeholders can also learn about the history of the Company and its scientific team, as well as stock information and regulatory filings.
To Read Full Story go to: http://www.pennytrader.com/
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SSN – News Alert
Up 8.19% in morning trading to $1.07 with 400K shares traded
Samson Oil & Gas Limited is an USA/Australian oil & gas company focusing on oil production in the Niobrara and Bakken formations in the USA. Samson Oil & Gas Limited (NYSE AMEX: SSN) yesterday provided advice on its current projects, HAWK SPRINGS PROJECT, GOSHEN COUNTY, WYOMING Spirit of America US34 #2-29, (SSN 100% WI). The Spirit of America #2 well intersected 61 feet of pay as defined by the electric logging program and its subsequent analysis. Log analysis requires several rock and fluid property assumptions and these assumptions have in part been resolved by the initial perforation and swab tests (such as the determination of the salinity of formation water). The net pay intervals so defined by these measurements and calculations will now be fracture stimulated in three stages. The initial frac will stimulate the lower perforations at around 10,000 feet, comprising 31 feet of log pay. The second stage at around 9,300 feet will stimulate a single 7 feet of log pay and the third stage at around 9,200 feet will stimulate several sandstones with 22 feet of log pay. Detailed engineering of these fracs have been completed.
To Read Full Story go to: http://www.pennytrader.com/
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SNTA – Volume Alert
Up 17.01% in morning trading to $5.64 with 2M shares traded
Synta Pharmaceuticals Corp. is a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases. Synta has a unique chemical compound library, an integrated discovery engine, and a diverse pipeline of clinical- and preclinical-stage drug candidates with distinct mechanisms of action and novel chemical structures. All Synta drug candidates were invented by Synta scientists using our compound library and discovery capabilities. Synta Pharmaceuticals Corp. (SNTA)Wednesday announced encouraging results from a planned interim analysis of the GALAXY trial, a randomized Phase 2b/3 study designed to evaluate the efficacy and safety of the Company’s lead Hsp90 inhibitor, ganetespib, in combination with standard-of-care docetaxel vs. docetaxel alone as second-line treatment for advanced non-small cell lung cancer (NSCLC).
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