Are Natural Resource Partners LP(NRP), ImmunoCellular Therapeutics Ltd(IMUC) and Raptor Pharmaceutical Corp.(RPTP) Taking A Temporary Hit?
New York, NY – GDP INSIDER – 02/16/2015.
This article discusses 3 companies Natural Resource Partners LP(NYSE:NRP), ImmunoCellular Therapeutics Ltd(NYSEMKTS:IMUC) and Raptor Pharmaceutical Corp(NASDAQ:RPTP).
Natural Resource Partners LP(NYSE:NRP) released lower than expected earnings on Thursday prompting a downward trend in the stock value on Friday. The mining property leasing and management company has been hit by the fall commodities and reported its quarterly earning down 42.9% year on year as operational costs have increased. A lot of related companies are focusing on reducing their costs as coal, gas and oil prices look unlikely to rise in the near term. The stock dropped 5.42% to $7.86 by close on Friday and may continue to struggle until commodity prices increase.
ImmunoCellular Therapeutics Ltd(NYSEMKTS:IMUC) stock dropped 5.26% on Friday after it announced that it was publicly offering 26.65 million shares of common stock at $0.60 per share. This will give ImmunoCellular a cash influx of over $14 million to complete enrollment of its phase 3 clinical trial of ICT-107 as well funds to increase working capital and other finance other projects. The biotechnology company is working on drugs to combat brain and other types of cancer and if the trials are successful, could be a good long term investment prospect.
Raptor Pharmaceutical Corp.(NASDAQ:RPTP) develops advanced drugs for debilitating diseases and currently has several promising new ones under development. The stock has been steadily declining from a high of $10.81 at the start of the year and closed down $4.23% at $9.05 on Friday. The stock has a strong 1 year target estimate of $19.81 which it could meet or exceed if the data from Phase 2b study of its new drug RP103 is a success and sales of its flagship drug Procysbi exceed sales estimates of $70 million in 2015.
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