Boston, MA -- (SBWIRE) -- 09/06/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Astex Pharmaceuticals, Inc. (NASDAQ:ASTX), Spirit Realty Capital Inc (NYSE:SRC), Allied Nevada Gold Corp. (NYSEAMEX:ANV), Aeropostale, Inc.(NYSE:ARO)
Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) shares gained 0.41% to $8.59. Shareholder rights attorneys at Robbins Arroyo LLP on Sept. 5 are investigating the acquisition of Astex Pharmaceuticals, Inc. by Otsuka Pharmaceutical Co., Ltd. ("Otsuka"). On September 5, 2013, the two companies announced the signing of a definitive merger agreement under which Otsuka will acquire Astex for $8.50 per share in cash. The transaction is expected to close in the fourth quarter of 2013.
Additionally, the company, on August 28, announced topline results from the ongoing phase 2 of SGI-110 in patients with AML and MDS. The Phase 2 study is a randomized study of SGI-110 given either as 60 or 90 mg/m2 daily for 5 days in a 28-day course. As of end of June data cutoff, 67 AML patients had a minimum follow up of 3 months (50 patients representing the complete cohort of relapsed/refractory AML, and 17 patients in the treatment-naive elderly AML not suitable for induction chemotherapy cohort).
How Should Investors Trade ASTX After The Recent Volatility? Get Free Report Here
Spirit Realty Capital Inc (NYSE:SRC) shares climbed 1.02% to $8.91. The company on Sept. 5 announced that its Board of Directors has declared a $0.001783 per share daily cash dividend for the period from July 17, 2013, the effective date of Spirit Realty Capital's merger with Cole Credit Property Trust II, Inc. ("Cole II"), through September 30, 2013. This dividend equates to an annualized rate of $0.65625 per share. This dividend represents a 4% increase to the rate paid to shareholders of Cole II in the final dividend paid prior to the effective date of the merger and is consistent with the dividend rate paid to shareholders of Spirit Realty Capital (exchange ratio adjusted) prior to the Cole II merger.
How Should Investors Trade SRC After The Recent Volatility? Get Free Report Here
Allied Nevada Gold Corp. (NYSEAMEX:ANV) shares increased 3.20% to $4.84. The company on August 20 provides preliminary results for ongoing oxidation test work completed on Hycroft sulfide concentrate, for which the full report is available on Allied Nevada's website. The first phase of testing was completed by an independent consultant in collaboration with Allied Nevada technical staff.
Initial testing indicates that gold and silver recoveries in the mid-80% range from rougher concentrate may be achieved using the ambient pressure alkaline oxidation process.
Is ANV A Good Buy After The Recent Price Movement? Find Out Here
Aeropostale, Inc.(NYSE:ARO) shares declined 0.24% to $8.24. The company on August 22 forecast a third quarter loss. The company said it now plans to close 30 to 40 stores this year, comp rated to an earlier plan to close 15 to 20. Aeropostale is projecting a net loss of 21 cents to 26 cents per share for the third quarter. The company reported a net loss of $33.7 million, or 43 cents per share, in the quarter ended August 3, compared with a profit of $71,000 million, or nil per share, a year ago. Its adjusted loss per share was 34 cents, deeper than the 24 cents expected by analysts.
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