Lightbridge spikes after receiving key patent and Rite Aid expands distribution agreement with McKesson


Follow this company

Companies Mentioned

NYSE:RAD / NASDAQ:LTBR / OTC:BB:PMCM / PK:CYBK
02/19/2014 [ACCESSWIRE]

Wondering what your next move should be in the market? BullTrends.com can help lead the way. For free access to our complete stock reports, take a few minutes to register with us by clicking this link: http://www.bulltrends.com/ 

Rite Aid Corporation (NYSE: RAD) – For an in-depth report on Rite Aid Corporation follow: www.BullTrends.com/stockquote/RAD

Drugstore chain Rite Aid hit a new 52-week high on Tuesday of $6.35 after the company announced that it and pharmaceutical distributor McKesson (NYSE: MCK) have expanded the distribution agreement between them to include both branded and generic pharmaceuticals. The agreement, which extends for five years through March 2019, will give McKesson responsibility over both the sourcing and distribution of Rite Aid's generic drugs. The companies highlighted this will result in more efficient supply chain operations for each company.

Lightbridge Corp. (NASDAQ: LTBR) – For an in-depth report on Lightbridge Corp. follow: www.BullTrends.com/stockquote/LTBR

Shares of Lightbridge Corp. exploded on Tuesday after the nuclear energy company announced that the United States Patent and Trademark Office had approved and issued a key patent for the company's multi-lobed metallic fuel rod design and fuel assemblies. The stock closed up 24.24% on a little over 2 million shares and hit a new one year high of $3.28 during intra-day trading. "This new patent is the single most important patent in Lightbridge's intellectual property portfolio and is crucial to the Company's future royalty revenue stream," said President and CEO Seth Grae in a statement. "We now have very broad protection for the metal fuel element that will be used in all of our fuel assembly designs. Moreover, this successful outcome secures patent protection in the U.S. -- the world's largest market of pressurized water reactors currently in operation."

Primco Management Inc. (OTCBB: PMCM) – For an in-depth report on Primco Management Inc. follow: www.BullTrends.com/stockquote/PMCM

Primco Management Inc. shares soared on Tuesday to close up roughly 155%. A Form 8-k revealed that Alan Bailey resigned from his position as chief financial officer of the registrant and as a director of the registrant. He will continue to work for the company as a consultant and will be running ESMG Film and TV, a motion picture and television production and distribution division of the registrant.

Cyber Kiosk Solutions, Inc. (OTC: CYBK) – For an in-depth report on Cyber Kiosk Solutions, Inc. follow: www.BullTrends.com/stockquote/CYBK

Shares of Cyber Kiosk Solutions hit a new one year high of $0.35 during intra-day trading on Tuesday and closed up 37.50%. Last week it was announced that investment from Irwin "Izzy" Zalcberg, a well-known Small Cap investor, would back the company in the legalized marijuana industry with a private placement investment. Irwin "Izzy" Zalcberg comments, "I made the investment in CYBK because they are unique for their age/ID verification and fraud prevention software system. Every company in this new emerging industry, in order to stay competitive, will need this verification system. This Company is like Apple in its technological development and advancement. It is, in my opinion, going to be a huge winner in terms of increasing shareholder value."

 

Disclosure: BullTrends.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

COMMENTS

Leave a comment...
 * 

Your Name
 *