Hot Movers: WisdomTree Investments, Inc. (NASDAQ:WETF), XUMANII (OTCBB:XUII), Northumberland Resources Inc (OTCMKTS:NHUR)
WisdomTree Investments, Inc. (NASDAQ:WETF) shares dropped 6.54% to $12.43. The company released its earnings data on April 26. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.06. The company had revenue of $29.34 million for the quarter, compared to the consensus estimate of $28.91 million. The company’s revenue for the quarter was up 53.1% on a year-over-year basis.
Additionally, Sterne Agee lifted their price target on shares of WETF to $16.00 in a research note issued on May 22. The firm currently has a “buy” rating on the stock.
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XUMANII (OTCBB:XUII) shares dropped 0.50% to $0.3960. The company on May 22 announces that it has appointed Ms. Roe Williams as Consultant Head of Corporate Ad Sales.
Additionally, the company on May 21 announced that it has significantly expanded its platform capabilities by successfully integrating additional components within Xumanii’s proprietary software that will now allow content to be broadcasted Live over smart phone and mobile devices such as tablets. After the recent successful beta testing at last weeks presentation of Grammy Nominated Hip-Hop Star “Pusha-T” the Company has decided to showcase this new capability at the highly anticipated Performance from Musical Icon “Akon” so that the Company can expand it’s viewership.
Northumberland Resources Inc (OTCMKTS:NHUR) shares decreased 8.89% to $0.820 in the early hour. The company is drilling a new well on its Sawyer Field Lease in Pratt County, Kansas. The Sawyer Field has 19 wells of which 11 are currently producing. The Company sold a 30% WI in the field to its operator, Lasso Energy LLC and both companies have agreed to invest $140,000 in upgrading all the existing wells on the property.
Additionally, the company on May 6 is to receive another draw of $300,000 against the $3,000,000 financing commitment from an international institutional investor. This brings the funding received, so far, to over 1.5 million dollars in cash from the sales of its securities in private offerings. These funds are to be used to expand the current oil production on its oil and gas leases and to drill new wells where indicated by its independent petroleum engineers.