Boston, MA -- (SBWIRE) -- 09/09/2013 -- 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: (Intrepid Potash, Inc. (NYSE:IPI), Novavax, Inc. (NASDAQ:NVAX), Mechel OAO (ADR)(NYSE:MTL), Astex Pharmaceuticals, Inc. (NASDAQ:ASTX)
Intrepid Potash, Inc. (NYSE:IPI) shares jumped 5.11% to $13.57. IPI’s stock had its target price reduced by Barclays Capital from $13.00 to $12.00 in a report issued on August 12.
Additionally, the company on July 31 reported financial results for the second quarter of 2013. The company posted second quarter net income of $11.3 million, or $0.15 per share, compared with second quarter 2012 net income of $19.0 million, or $0.25 per share. Adjusted net income was $12.7 million, or $0.17 per share, compared with $18.8 million, or $0.25 per share, in the same period of the prior year.
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Novavax, Inc. (NASDAQ:NVAX) shares jumped 2.47% to $3.32. The company on August 22 announced the number of shares tendered to it during the extended acceptance period for its recommended public offer to acquire all issued and outstanding shares and warrants of Isconova AB, which was first communicated on June 4, 2013, and which was extended to August 20, 2013.
Additionally, the company announced that Stanley C. Erck, President and Chief Executive Officer, will present at the 2013 Stifel Nicolaus Healthcare Conference on Thursday, September 12, 2013 at 9:45 a.m. ET in Boston, MA at the Four Seasons.
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Mechel OAO (ADR)(NYSE:MTL) shares decreased 0.60% to $3.31. The company, on August 26, reports its decision to offer free aid to flood victims in Russia's Amur Region. Following a major flood which destroyed numerous residential homes, private gardens and farms, as well as road, communal and social infrastructure, Mechel will send to the affected populace 10,000 tonnes of coal (142 wagons) from its Elga deposit in the Republic of Sakha (Yakutia).
Additionally, the company on August 20 announces signing an agreement for the disposal of Donetsk Electrometallurgical Plant AO. Mechel announces signing an agreement with businessman Vadim Varshavsky for the disposal of 100% shares of Daveze Limited, which in its turn owns 100% shares of Donetsk Electrometallurgical Plant, for a nominal sum of 2,000 euro.
Is MTL A Good Buy After The Recent Price Movement? Find Out Here
Astex Pharmaceuticals, Inc. (NASDAQ:ASTX) shares gained 0.34% to $8.76. 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.
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Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t sure you won’t be disappointed.
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