Birmingham, West Midlands -- (SBWIRE) -- 04/25/2013 -- Value Penny Stocks issues special report on-Wave Systems Corp. (NASDAQ:WAVX), Superconductor Technologies, Inc. (NASDAQ:SCON), Gasco Energy Inc (NYSEAMEX:GSX)
Wave Systems Corp. (NASDAQ:WAVX) sank to new low after declaring that it has signed deals with certain institutional and other investors for a registered direct placement of 6,340,000 shares of its Class A common stock at a price of $0.50 per share.
The offering will yield gross proceeds of $3,170,000 and investors will be offered to receive five-year warrants to purchase an aggregate of 3,170,000 shares of Wave's Class A common stock for $0.62 per share. The net proceeds of the financing are planned to be used to fund Wave's ongoing operations. The offering is projected to complete on or about April 26, 2013, subject to the satisfaction of customary closing conditions.
Has WAVX Found The Bottom and Ready To Move Up? Find Out Here
Wave Systems Corp. (NASDAQ:WAVX) plunged -27.31% and closed at $0.451 in the last trading session with the total traded volume of 2.58 million shares. That’s more than the average volume of 203,647. WAVX is now trading below its 50 day moving average of -41.65% and 200 day moving average of -43.66%.
It has outstanding shares of 105.10 million with the total market cap of $47.37 million and its beta value stands at 1.01 times which shows that stock is more volatile.
Superconductor Technologies, Inc. (NASDAQ:SCON) tumbled after declaring that it has signed deal with institutional investors for a registered direct placement of about $2.18 million of common stock at a price of $4.25 per share. Investors will receive warrants to add as much as an aggregate of 513,827 shares of common stock for an exercise price of $5.45 per share, and are exercisable 12 months and one day after issuance. The offering is projected to end on or about April 26, 2013, subject to satisfaction of customary closing conditions.
Superconductor Technologies, Inc. (NASDAQ:SCON) lost -26.24% to close at $4.02 and its overall volume in the last trading session was 1.98 million shares, beating the average volume of 230,393. SCON hit the day high price of $5.24 and day low of $3.90.
The stock is trading with positive year-to-date performance of +11.67%. It has current ratio of 3.44. The company has total market cap of $16.92 million.
Has SCON Found The Bottom And Ready To Gain Momentum? Find Out Here
Gasco Energy Inc (NYSEAMEX:GSX) suffered all-time low on expectations to get suspended from the NYSE at the opening of business Friday. In other news, the company declared that it has completed $1.775 billion in new credit facilities including $1.3 billion in new senior, secured term loans and a $475 million corporate revolver.
Gasco Energy Inc (NYSEAMEX:GSX) dropped -21.43% with the closing price of $0.0220. The overall volume in the last trading session was 1.62 million shares. Its fifty two week range was $0.02-$0.26. The total market capitalization remained $3.73 million.
The stock is lagging behind from its 52 week high with -91.54% and its last month price volatility remained 20.00%. Its beta coefficient was 1.89 with a target price of $0.61. In its share capital, the company has 169.75 million outstanding shares while 167.62 million shares have been floated in market.
It has insider ownership of 1.84% with its institutional ownership remained 7.15%. Its current year earnings per share declined with -159.69%.
Why Should Investors Buy GSX After the Recent Fall? Just Go Here and Find Out
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