Lakeway, TX -- (SBWIRE) -- 03/11/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Rare Element Resources Ltd (NYSEAMEX:REE) shares declined 5.51% and closed at $2.57 in the last trading session. . The company, on Feb. 20, advises that its common shares will not trade on the TSX on February 20, 2013. The Company previously disclosed by press release the change in its fiscal year-end to December 31, and also filed a Form 8K with the U.S. Securities and Exchange Commission ("SEC") announcing this change; however, this Form 8K was not received by the Canadian securities regulators.
Additionally, the company last week, provided further information regardingits proprietary process technology that enhances the efficiency ofrare earth recovery. The new metallurgical process consists ofHydrochloric (HCl) acid leaching at moderate temperature, selectiveprecipitation of rare earth elements (REEs) with oxalic acid, andcalcination of REE oxalates at elevated temperature to produce a highpurity mixed REO powder, with accompanying capture of kiln fluegases.
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Maxwell Technologies Inc.(NASDAQ:MXWL) shares declined 11.09% to $8.10 after MXWL’s stock was downgraded by analysts at Stephens to an “equal weight” rating in a research report issued to clients and investors last week.
Additionally, the company last week announced that on March 1, 2013, the audit committee of its board of directors concluded that the previously issued financial statements contained in its annual report on Form 10-K for the year ended December 31, 2011, and all unaudited quarterly reports on Form 10-Q in 2011 and 2012 (collectively, the "Prior Periods"), as well its selected financial data for the related periods, should no longer be relied upon because of errors in those financial statements. The errors relate to the timing of recognition of revenue from sales to certain distributors.
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Rapid Fire Marketing Inc (PINK:RFMK) shares fell 10% to $00.18. The company, on Feb. 28, announced that the Company has updated shareholders on the corporate side of the business on the Company's website. Shareholders and interested investors are invited to be added to the corporate e-mail database for future press releases and industry updates by signing up on the website or by sending an e-mail with "RFMK" in the subject line to email@example.com.
The company provides marketing services for publicly traded companies, as well as private companies. The Company also provides service marketing, consulting and management services primarily for the medical cannabis.
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