Small Caps Trading Up: AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) Up 5.60%, ZaZa Energy Corp (NASDAQ:ZAZA) Up 4.40%

Posted by Michael Korte May 7, 2013 0 Comment 1357 views

Northern, WI 05/07/2013 (GDPInsider) –  AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is 5.60% having started the day at 2.35. The stock closed previoulsyt at 2.34 and has a trading range of 2.31 and 2.53 with volume of 2.09 million. Average volume for AVEO is 1.72 million which means activity in AVEO is quite lively today. The stock has faced headwinds in recent months and the technical chart shows mild fluctuations and a steep drop round about the start of May 2013. The stock is down 64.33% on its 50-day simple moving average and also down 62.25% on its 20-day simple moving average. Although analysts have set a target price for AVEO it is clear that the stock is having a rough time. The stock is up 9.56% on its 52-week low of 2.25 but down a sizable 82.49% on its 52-week high of 14.08.

Insiders account for 84.17% of the transactions and the stock has a RSI of 17.63 suggesting it is highly oversold at the present trading levels. Analysts have been calling for the head of CEO Tuan Ha-Ngoc on news that the FDA wasn’t happy with the company’s kidney cancer drug, Tivozanib.

Is AVEO a solid investment at these levels? Get exclusive data and trends here.

ZaZa Energy Corp (NASDAQ:ZAZA) has rallied to a gain of 4.40% having started the day’s trading at 1.34. The closed previously at 1.34 and so far today has a range of 1.33 and 1.42. Volume is 276.91K, just over half of average volume which stands at 512.88K.

Zaza is a holding company for Toreador Resources Corporation which specializes in the exploration, production and development of unconventional onshore oil and gas resources in the United States of America. The company recently announced the closing of a deal with Eaglebine. The joint venture agreement which was announced earlier will see Eaglebine getting up 75% working interest in up to 55K net acres and also take up to 73K operational acreage of ZaZa’s mineral acres.

News of the joint venture having being consumed seemed to be feeding into the gains seen by ZAZA. The stock’s technical chart has shown a marginal uptick since the start of May 2013 and the stock is trading 2.49% above its 20-day simple moving average.

Should Investors Trade ZAZA Now? Get exclusive insights and updates here.



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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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