Should Day Traders Be Bullish On Galena Biopharma Inc(NASDAQ:GALE), New World Gold Corp(OTCMKTS:NWGC), and Cellceutix Corp(OTCMKTS:CTIX)?
New York, NY – GDP INSIDER – 11/06/2014.
This article discusses three companies: Galena Biopharma Inc(NASDAQ:GALE), New World Gold Corp(OTCMKTS:NWGC), and Cellceutix Corp(OTCMKTS:CTIX)
Galena Biopharma Inc(NASDAQ:GALE) reported its third quarter financial results on Nov. 3Rd, 2014. The figures included a net revenue of $1.6 million, a $0.4 million year-over-year increase for Galena Biopharma. The company has traded within a range of $1.56 to $7.77 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $1.92. This figure places Galena Biopharma’s stock just $0.36 above its 52 week low of $1.56.
New World Gold Corp(OTCMKTS:NWGC) reported a revenue of $7,671,561 for the nine month period which ended on Sept. 30th, 2014. This figure represents a 30% increase from the $5,907,327 mark recorded during the same period of the previous fiscal year. New World Gold Corp. also had a trading volume of 201.04 million yesterday, a figure which is over nineteen times larger than its three month average volume of 10.41 million.
Cellceutix Corp(OTCMKTS:CTIX) is a Massachusetts-based biotechnology company that discovers and develops small molecule drugs for the treatment of cancers, autism, and inflammatory diseases. The company is currently engaged in Phase 1 clinical trials for potential cancer, foot ulcer infection, autism, and rheumatoid arthritis treatments. On Oct. 27th, the appointment of Dr. James Alexander to the position of Chief Operating Officer was approved by the Cellceutix’s board of directors. The company has a market capitalization of $325.01 million and 111.69 million tradeable shares.
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