Charleston, SC -- (SBWIRE) -- 09/23/2013 -- Today’s Penny Stocks wants you, the investor, to have the ability to be informed in your trading decisions. Our website is designed to take you to the information you need to be at the top of your game in trading penny stocks. Today’s Penny Stocks issues news updates on the following stock: Verenium Corp (NASDAQ:VRNM), NewLead Holdings Ltd (NASDAQ:NEWL).
Verenium Corp (NASDAQ:VRNM) shares climbed 58.17 percent in the last trading session following the news that chemical company BASF Corp. is acquiring Verenium in a transaction valued at about $51 million. The deal is expected to close during the last quarter of this year.
Why Should Investors Buy VRNM After The Recent Gain? Just Go Here and Find Out
BASF will purchase approx. 12.8 million outstanding shares of Verenium at $4 each share. Verenium shares opened at $4 on Friday, and after hitting a low price of $3.96, finally closed at $3.97. VRNM has a market capitalization of 50.76 million.
NewLead Holdings Ltd (NASDAQ:NEWL) shares rose 15.24 percent to $0.09 in the previous trading session. The international shipping company recently announced that it has completed the acquisition of Viking Mine. The latest purchase will increase 4,795 mineral acres that contains coal reserves of roughly 20 million tons.
What NEWL’s Charts Are Signaling for Traders? Find Out Here
NEWL stock has not been performing well from the past few weeks. The stock plummeted about 18 percent in the last one month. NewLead is primarily engaged in the shipping of refined products including jet fuel and gasoline, and dry bulk items like coal, iron ore and grain. The company has a market capitalization of 35.74 million.
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