Top AMEX Stock Movers: LPH, APP, LEI, NG, CUR

Pompano Beach, FL -- (SBWIRE) -- 09/24/2012 -- Longwei Petroleum Investment Hold Ltd (NYSEAMEX:LPH) soared 27.27% to $1.54. The Company announced that it will complete the purchase of the assets of Huajie Petroleum Co., Ltd. (Huajie), a fuel storage depot in northern Shanxi Province with a 100,000-metric-ton storage capacity, by the end of this month.

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American Apparel Inc. (NYSEAMEX:APP) moved up 8.39% to $1.55. Last month, the company announced that it is raising its adjusted EBITDA guidance for fiscal 2012 to between $36 to $44 million from the prior estimate of $32 to $40 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $35 million for fiscal 2012.

American Apparel, Inc. is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel.

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Lucas Energy, Inc. (NYSEAMEX:LEI) jumped 7.21% to $2.23 on a traded volume of 248K shares. Earlier this month, the company announced that on September 11, 2012, it closed its previously announced registered offering to certain institutional investors of $1.32 million in equity. In total, the Company sold 800,000 units at a price of $1.65 per unit. Each unit consisted of one share of the Company's common stock and 0.25 of a warrant to purchase one share of the Company's common stock.

Over the past five trading sessions, the stock jumped more than 18%.

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NovaGold Resources Inc. (USA)(NYSEAMEX:NG) went down 6.79% to $5.77 on a traded volume of 2.12 million shares as commodities slumped after data showed business confidence slipping in Germany and China. German business confidence unexpectedly fell to the lowest in more than two and a half years in September as the sovereign debt crisis clouded the economic outlook.

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Neuralstem, Inc. (NYSEAMEX:CUR) lost 5.56% to $1.19 on a traded volume of 1.15 million shares. Recently, the company announced the closing of a registered direct offering of 7,000,000 shares of its common stock, offered at a price of $1.00 per share. The gross proceeds to Neuralstem from this offering were $7,000,000, before deducting the placement agent fees and other estimated offering expenses payable by Neuralstem.

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