Pain Therapeutics Inc (NASDAQ:PTIE) up by 2.55%, Galantas Gold Corp (LON:GAL)

Posted by Nathan Alexander May 15, 2013 0 Comment 817 views


Miami, FL 05/15/2013 (GDPInsider) – Pain Therapeutics, Inc (NASDAQ:PTIE): Tuesday’s trading session saw Pain Therapeutics, Inc (NASDAQ:PTIE) shares headed 2.55% upward. The opening price of $2.78 touched an intraday high of $2.82 per share and stayed put at that price. The average volume of 0.481 million shares was measured over a period of 30 days.

At a price of $2.75 and for 45.33 million shares, the company’s total value is over $127.84 million. The company’s earnings per share is -$0.10. The 52-week trading range of the Pain Therapeutics, Inc (NASDAQ:PTIE) stock is $2.34- $5.86. At the levels that currently exist, the stock is trading well above the $3.48, 50 days MA and MA of $3.09 above its 200 day. The RSI of the company’s stock stands at 36.96.

Pain Therapeutics, Inc (NASDAQ:PTIE) is a bio-pharma company that in involved in the development of drugs. It has four different drug candidates in clinical programs. These include REMOXY, abuse-resistant hydrocodone, abuse-resistant hydromorphone, as well as a radio-labeled monoclonal antibody that is used to treat metastatic melanoma. The company is also working on a new hemophilia treatment.

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Galantas Gold Corp (LON:GAL): Tuesday’s trading session saw Galantas Gold Corp (LON:GAL) shares headed 20.00% downward. The opening price of 1.38GBX touched an intraday high of 1.25GBX per share and fell to $1.10. A total of around 19.8 million shares were traded in Monday’s trading session. This was above the average volume of 0.023 million, measured over a period of 30 days.

Galantas Gold Corporation is a producer of mineral resources. Cavanacaw Corporation, its wholly-owned holding company, entirely owns two Northern Ireland companies. One is Omagh Minerals Limited. This company owns prospecting as well as mining rights, planning consent-plus land, equipment and buildings. The other company is Galantas Irish Gold Limited. It is the owner of rights to work. It also markets and sells part of the gold production of the company as Irish gold jewelry that has been certified.

Open pit methods are used for the mining operations at the Omagh mine. In the year that ended 31 December 2011, production at the Omagh mine consisted of 46,871 tons of milled and 2,265 dry tons worth of concentrate.

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About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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