Rebounding Stocks: Cardium Therapeutics Inc. (NYSEMKT:CXM), McEwen Mining Inc. (NYSE:MUX), L&L Energy, Inc. (NASDAQ:LLEN)
Northern, WI 04/30/2013 (GDPInsider) – Cardium Therapeutics Inc. (NYSEMKT:CXM) opened trading at $0.09 and is up 10.43% on volume of 1.13 million. CXM has a range of $0.08 and $0.09, having close previously at $0.09. The stock seen a gradual decline and the technical chart shows a slowly declining move northwards with a relative uptick in recent trading. The company announced today (April 30, 2013) that it will present a demonstration of Excellagen® its drug aimed regenerative wound management. This presentation will take place at the The Symposium on Advanced Wound Care and Wound Healing Society (SAWC/WHS) slated for May 1 – 5, 2013.
Is CXM a solid investment at these levels? Get exclusive data and trends here.
McEwen Mining Inc. (NYSE:MUX) started the day’s trading at $2.13 and is up 2.71% on volume of 2.01 million. The stock has a range of $2.10 and $2.25 and at these levels it is trading 54.86% below its 52-week high of $4.94 and 33.53% above its 52-week low of $1.67. The stock has a RSI of 49.05 indicating that it is neither oversold nor overbought at these levels. The stock is however trading down 110.09% on its 50-day simple moving average and also down a modest 0.60% on its 20-day simple moving average. Insiders own 34.33% of the shares and there are 215.34 million shares outstanding. EPS this year is expected to rise by 39.09% and analysts have set a target price of $5.11 for MUX
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L&L Energy, Inc. (NASDAQ:LLEN) opened trading at $3.82 and is down 1.31% on volume of 1.34 million. The stock has a range of $3.41 and $3.96 and analysts have set a target price of $7.25. LLEN is trading 93.46% above its 50-day simple moving average and is also up 69.66% on its 20-day simple moving average. The stock is also trading up 1.31% on its 52-week high of $3.82 and up 197.68% on its 52-week low. LLEN has a market cap of $145.73 million and insiders own 17.37% of the stock. Institutions own 3.84% of the stock and their share of transactions is 15.81%. The technical chart for the stock shows a steep northward climb which has prevailed since April 2013.
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