Las Vegas, NV -- (SBWIRE) -- 03/04/2013 -- Cogonewsreport.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-
Graystone Company Inc. (PINK:GYST) surged up 5.26% to $0.0040 on a traded volume of 240k shares. The Company announced that the Company's Peruvian mining operations has mined approximately 1,000 grams of gold. The Company expects to begin increasing its daily production to approximately 35 - 50 grams a day. The Company had previously been limited in the amount of gold it could produce until it filed its environmental impact study with the Ministry of Mines in Peru.
Can GYST Extend Massive Gain? Find Out Here
Bio Matrix Scientific Group Inc. (PINK:BMSN) decreased 5.21% to $0.0091 on a traded volume of 2.44 million shares. The Company reported a Letter of Intent to acquire patented intellectual property covering a novel means of treating breast cancer by augmenting the immune system using a "gene silencing" approach. The Company is in the business of designing, developing and marketing medical devices, specifically disposable instruments used in stem cell extraction and tissue transfer procedures and operating cryogenic cellular storage facilities, specifically stem cell banking facilities.
Can BMSN Extend Gain? Find Out Here
Transocean LTD (NYSE:RIG) increased 2.93% to $53.68 on a traded volume of 75k shares. The Company released fourth quarter results. The fourth quarter 2012 revenues were $2.326 billion compared to $2.431 billion in the third quarter 2012. Operating and maintenance expenses for the fourth quarter were $1.438 billion compared with $1.321 billion in the third quarter 2012. The fourth quarter 2012 net income attributable to controlling interest was $456 million compared with the third quarter 2012 net loss attributable to controlling interest of $381 million.
How Should Investors Trade RIG Now? Find Out Here
Feihe International Inc. (NYSE:ADY) increased 2.28% to $7.17. The Company has entered into an Agreement and Plan of Merger with Diamond Infant Formula Holding Limited, Platinum Infant Formula Holding Limited and Infant Formula Merger Sub Holding Inc. pursuant to which Parent will acquire the Company for $7.40 per share of the Company's common stock without interest. The Merger Consideration represents a 21.3% premium over the closing price of $6.10 per share of Company common stock as quoted by the New York Stock Exchange on October 2, 2012 and a 23.5% premium to the volume-weighted average price of the Company's common stock during the 30 trading days prior to October 2, 2012. The merger consideration implies an equity value of the Company of approximately $147 million on a fully diluted basis.
Can ADY Jump Again? Find Out Here
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