Hot Stocks: CombiMatrix Corporation(NASDAQ:CBMX), Enzo Biochem, Inc. (NYSE:ENZ), Avalon Rare Metals Inc (US listing) (NYSEMKT:AVL), NQ Mobile Inc (ADR) (NYSE:NQ)
CombiMatrix Corporation(NASDAQ:CBMX) shares jumped 14.49% to $3.95. Sequenom, Inc. (NASDAQ: SQNM), and CombiMatrix Corporation on August 1 jointly announced that the Sequenom Center for Molecular Medicine LLC (Sequenom CMM) and CombiMatrix have entered into a collaboration agreement to market chromosomal microarray analysis (CMA) testing services to broaden and confirm the results of noninvasive, prenatal testing (NIPT) to physicians and their patients.
Additionally, the company announced that it will release its second quarter 2013 financial results on Wednesday, August 7, 2013. Results will be released prior to trading on that day.
Enzo Biochem, Inc. (NYSE:ENZ) shares gained 13.96% and closed at $2.53. The company on August 5 reported that a Federal Court Judge in New Haven, CT, has upheld the jury verdict issued in November 2012 which awarded Enzo $48.6 million in direct infringement damages as a result of Applera Corp., now Life Technologies, Inc. (Nasdaq: LIFE) having infringed Enzo’s patent covering pioneering technologies relating to compounds used in DNA sequencing systems to read the genetic code. The judge’s ruling opens the way for Enzo’s recovery of prejudgment interest on the damages award, which should exceed $25 million in addition to the judgment.
Avalon Rare Metals Inc (US listing) (NYSEMKT:AVL) shares gained 13.35% to $0.918. The company on August 1 provided a progress update on its Nechalacho Rare Earth Elements Project, Thor Lake, NWT (the “Project”). The Company has been focusing on optimizing the Project development model outlined in its Feasibility Study (“FS”), the results of which were released on April 17, 2013. Optimization goals include lowering capital and operating costs, reducing environmental impacts, enhancing metallurgical recoveries and improving overall operational efficiency.
NQ Mobile Inc (ADR) (NYSE:NQ) shares gained 12.82% to $17.95. The company on July 30 announced that its subsidiary, Beijing Feiliu Jiutian Technology Co. (FL Mobile) a leading social mobile platform in China, has become the game content provider for China Mobile’s Game Center. This partnership extends the already strong relationship that exists between NQ Mobile and China Mobile.
Additionally, the company will report its second quarter 2013 results after the U.S. markets close on Monday, August 12, 2013. NQ Mobile’s management team will hold an earnings conference call to discuss its results and outlook at 8:00PM U.S. Eastern Time onMonday, August 12, 2013, (8:00AM Beijing/Hong Kong Time on Tuesday August 13, 2013).