Tesco LPC Stock Volume Soars Amid Its Price Cutting Announcements


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PK:TSCDF / OTC:BB:SGLB / PK:FPAFY
04/23/2014 [ACCESSWIRE] Tesco LPC (OTCPINK: TSCDF) share volume shot through the Stratosphere Apr. 22, with 1,861,282 shares changing hands, 17 times its three-month average volume of 108,126 shares.

The tremendous surge in volume is being fueled in part by the UK-based food, chain store operator’s Apr. 22 announcement that it is dropping prices on more than 30 products including bacon, baked beans, broccoli, peppers, sugar, lettuce, cucumber portions and lines from Tesco’s bread ranges.  

Tesco Also Cuts Home-Delivery Prices

According to the company, like the food price cuts, the new prices for home delivery and Click & Collect are down and staying down,

Tesco says the price cuts mean that Tesco.com customers could save up to $218 a year, while Click & Collect customers could save up to $186 a year. And the 200,000 customers already signed up to Delivery Saver could save up to a whopping $423 per year.

Tesco operates food stores and associated activities throughout the UK, Republic of Ireland, Hungary, Poland, Czech Republic, Slovakia, Thailand, South Korea, Taiwan, Turkey, Malaysia and Japan.

On Apr. 22, TSCDF’s share price closed at $4.93, up 4 cents from the previous day’s close of $4.89.

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Sigma Labs Inc. Signs Technology Cooperation Agreement with Materialise NV

In other news, Sigma Labs Inc. (OTCQB: SGLB stock volume soared Apr. 22, with 7,139,435 shares changing hands, nearly twice as much as its three-month average volume of 3,777,432 shares.

The surge in stock volume is being fueled in part by the Santa Fe, N.M.-based tech company’s Apr. 22 announcement that it has signed a "Technology Cooperation Agreement" with Materialise NV of Leuven Belgium.

The agreement sets forth the parties' intent to collaborate technically and commercially in the integration, production and marketing of PrintRite3D® software-related products for metal-based additive manufacturing.

Mark Cola, President and Chief Executive Officer of Sigma Labs, Inc. stated that, "By further integrating our PrintRite3D(R) software technology with Materialise's additive manufacturing software, we believe that we will reach the broader additive manufacturing market sooner and be able to assist a larger number of AM users with achieving their in-process inspection needs more quickly."

On Apr. 22, SGLB’s share price closed at 15 cents unchanged  from the previous day’s close.

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POET Technologies Inc. Releases It Design Kit to the Industry

Meanwhile, POET Technologies Inc.’s OTCQX: POETF) share volume skyrocketed Apr. 22, with 436,401 changing hands, nearly four times its three-month average volume of 110,121 shares.

The surge in volume appears to be fueled in part by the Canadian semi-conductor company’s recent announcement that it was making its POET Technology Design Kit available to the industry.

The kit provides the company’s entire catalog of active electronic and electro-optical devices currently supported by the POET process. It comprises a comprehensive device parameter library, and enables potential customers and partners - including semiconductor foundries and device and library developers - to implement the POET process.

As usage grows, POET/TDK said it will also help licensed designs in a POET device ecosystem to proliferate, and help existing complementary metal-oxide semiconductor (CMOS) silicon library functions optimize migration time to POET designs.

On Apr 22, POETF’s share price closed at $2.19, up 37 cents from its closing price of $1.82 the previous day.

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Finally, First Pacific Company Ltd. (OTCPINK: FPAFY) had strong stock volume Apr. 22, with 136,125 shares changing hands, nearly twice its three-month average of 136,125 shares.

First Pacific is a Hong Kong-based investment management and holding company with operations located in Asia. Its principal business interests relate to telecommunications, infrastructure, consumer food products and natural resources.

The company has not issued any recent press releases and hasn’t been in the news lately. So, there is no way of telling what is behind the sudden volume surge.

On Apr 22, FPAFY’s share price closed at $5.49, up 2 cents from its closing price of $5.47 the previous day.

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