Do These Stocks Offer Stable Returns? Repros Therapeutics Inc (RPRX) and Camax Energy Inc (CAK)
New York, NY – GDP INSIDER – 04/06/2015.
This article discusses two companies: Repros Therapeutics Inc (NASDAQ:RPRX) and Camax Energy Inc (NYSEMKT:CAK)
Repros Therapeutics Inc (NASDAQ:RPRX) continued to climb on Thursday with the stock gaining 4.59% or $0.39 to close at $8.88 with more than 2.009 million shares changing hands, compared to its three month average trading volume of just 0.304 million. The developer of small molecule drugs to treat reproductive disorders has been trading within the range of $7.60 and $9.97 for the last three months and does not seem able to get past its current resistance level of $10. However, the gains yesterday, came after Repros Therapeutics Inc announced that its new drug application for its enclomiphene citrate based drug to treat hypogonadism in overweight men had been accepted for review by the Food and Drug Administration. Repros Therapeutics Inc has a number of drugs in its pipeline, any of which could boost its share price if they complete testing and approval. With converging MACD and RSI of 48.46, it is a good hold for now.
Camax Energy Inc (NYSEMKT:CAK) jumped 20.80% or $0.1119 yesterday with the stock closing at $0.65 on very active trading of 1.961 million shares. The developer and producer of oil and natural gas began to climb rapidly after it announced that it had completed operations to prepare its Oyo-8 well, an offshore oil rig located by Nigeria, to commence producing oil. Production however, is going to be delayed by at least two weeks, as the entire operation is still subject to inspection by the American Bureau of Shipping. Despite the delay, the completion of the preparatory operations means that the resources to develop the site can now be allocated to prepare another site for oil production. The boost yesterday has now increased the stock price up by 75.68% YTD and pushed its RSI to 75.38. With the situation unresolved the stock will likely fall this week, making it a medium term hold or sell.
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