Should Day Traders Consider Elray Resources Inc(OTCMKTS:ELRA), Biocept Inc(NASDAQ:BIOC), and Asterias Biotherapeutics Inc(NYSEMKT:AST)?
New York, NY – GDP INSIDER – 11/13/2014.
This article discusses three companies: Elray Resources Inc(OTCMKTS:ELRA), Biocept Inc(NASDAQ:BIOC), and Asterias Biotherapeutics Inc(NYSEMKT:AST)
Elray Resources Inc(OTCMKTS:ELRA) is a Cambodia-based online gaming company that owns and operates SierraCasino.com, Knutspoker.com, and LuckyLucyBingo.com. The company filed a Form 8-K yesterday detailing LG Capital Fuding’s decision to convert its Convertible Promissory Notes “in the principal amount of $124,000 and accrued interest of $3,636 into shares.” Elray Resources had a trading volume of 132.78 million yesterday, a figure which is 19.37 million lower than its three month average.
Biocept Inc(NASDAQ:BIOC) develops and commercializes proprietary circulating tumor cell and circulating tumor DNA tests. The California-based cancer diagnostics company offers the OncoCEE-BR breast cancer CTC test and the OncoCEE-LU lung cancer test. On Nov. 12th, the company announced that it had launched its lung cancer liquid biopsy testing, which will be performing at the company’s laboratory. Biocept has traded within a range of $2.27 to $10.03, yet finished yesterday’s trading at a closing price of $3.84 after a $1.10 gain.
Asterias Biotherapeutics Inc(NYSEMKT:AST) is a California-based development stage biotechnology company that develops therapeutic products that are used to treat neurology, oncology, cardiology, and blood and vascular diseases. The company is currently developing embryonic stem cell programs. Asterias Biotherapeutics announced its third quarter financial results on Nov. 10th, 2014. The figures included total revenue of $84,515 and an operating expenses figure of $4.0 million, which represents a $1.3 million year-over-year increase.
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