Is It Time To Ditch Your American Locker Group Inc(OTCMKTS:ALGI), Great Basin Scientific Inc(NASDAQ:GBSN), and GFI Group Inc(NYSE:GFIG)Shares?
New York, NY – GDP INSIDER – 11/17/2014.
This article discusses three companies: American Locker Group Inc(OTCMKTS:ALGI), Great Basin Scientific Inc(NASDAQ:GBSN), and GFI Group Inc(NYSE:GFIG)
American Locker Group Inc(OTCMKTS:ALGI) traded for as little as $0.06 yesterday, a new 52 week low for the company. The company filed a Form 8-K on Nov. 13th detailing The Anderson Group’s intention to purchase the company’s assets on a debt-free basis. The company saw its trading volume spike to a figure of 0.35 million yesterday, a figure which is 0.32 million higher than its three month average volume of 0.03 million.
Great Basin Scientific Inc(NASDAQ:GBSN) also traded for a new 52 week low of $3.50 during the day. The company reported its third quarter financial results on Nov. 13th, 2014.The figures included a revenue of $409,390 for the quarter, an 83.2% increase from the $223,470 figure recorded during the same period of the previous fiscal year. Great Basin Scientific, which has a three month average trading volume of 0.08 million, has a market capitalization of $21.07 million and 6.28 million tradeable shares.
GFI Group Inc(NYSE:GFIG) could have all of its outstanding shares acquired by BGC Partners, who recently announced that it had made a $5.25 per share all-tender cash offer to acquire the company. The stock has traded within a range of $2.98 to $6.18 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $4.79 after a six cent loss. While yesterday’s result should not dissuade investors from GFI Group, the company’s status is worth watching.
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