Armanino Foods of Distinction Inc.'s (OTCPink: AMNF) stock volume soared Oct. 20, with 49,575 shares changing hands, nearly double its 30-day average volume of 29,983 shares.
The uptick is being fueled in part by the Hayward, Calif.-based international food company's upbeat announcement that it has achieved the highest quarterly sales and earnings in its history. Nine month figures are also company records.
Net sales for the third quarter of 2014 were $8,697,316 as compared to $7,389,449 for Q3 2013, an increase of 18%.
Income from continuing operations before taxes for Q3 2014 were $1,872,209 compared to $1,456,901 for the same quarter in 2013, an increase of 29%. Earnings per share in Q3 2014 were $0.036 compared to $0.028 in 2013, an increase of 29%.
Net sales for the first nine months of 2014 were $23,668,523 compared to $21,305,041 for the same period in 2013, an increase of 11%. Income from continuing operations in this period for 2014 were $4,861,708 compared to the 2013 figure of $4,061,543, an increase of 20%. Earnings per share for the nine months of 2014 amounted to $0.093 compared to the $0.078 posted in 2013, an increase of 19%.
AMNF's share price closed at 2.01 cents, up 6 cents, or 3.08%, from its closing price of $1.95 the previous day.
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InVivo Therapeutics Stock Value Rises 21 % On News of New Clinical Site
InVivo Therapeutics Holdings Corp.'s (OTCQB: NVIV) stock volume soared Oct. 20, with 1 million shares changing hands, more than 3 times its 30-day average volume of 318,426 shares.
In addition, Cambridge, Mass.-based bio-tech company's share value gained 21.35%, closing at 90 cents a share, up 16 cents from the previous day's close of 74 cents.
The surge in stock volume and value comes on the heels of announcement that the Barnes-Jewish Hospital at Washington University Medical Center in St. Louis, MO, is the fourth clinical site in the company's on-going IDE pilot study of its Neuro-Spinal Scaffold in patients with acute spinal cord injury (SCI).
Barnes-Jewish Hospital is the largest regional trauma center in St. Louis and is one of the largest clinical spine care practices for the United States. Paul Santiago, MD, an Associate Professor of Neurological Surgery and Orthopedic Surgery at the Washington University School of Medicine in St. Louis, will be the study's Principal Investigator at the Barnes-Jewish Hospital.
This is the company's first clinical study of its investigational degradable polymer Neuro-Spinal Scaffold. The IDE pilot study has been approved by the U.S. Food and Drug Administration (FDA) and is intended to capture preliminary safety and effectiveness data of the Neuro-Spinal Scaffold in five subjects with acute thoracic spinal cord injury.
InVivo then expects to conduct a pivotal study to obtain FDA approval to commence commercialization under a Humanitarian Device Exemption (HDE).
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Sanomedics International Holdings' Share Value Falls 35.82%
Sanomedics International Holdings Inc.'s (OTCQB: SIMH) share value fell 35.82% Oct. 20. On skyrocketing volume of 20 million shares, nearly 10 times its 30-day average volume of 22.6 million shares.
The slide come just 10 day after Sanomedics saw its share value 966% on news it shipped touch-free thermometers to the Atlanta Headquarters of the Center for Disease Control ("CDC") for immediate distribution to selected U.S. ports of entry.
The Miami-based medical device company did not disclose how many of their touch-free thermometers were to be shipped.
SIMH's share price closed at 6 cents, down 4 cents, or 35.82%, from its closing price of 10 cents the previous day.
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Sino Agro Food Inc.'s Stock Volume Falls as Share Value Gains 6%
Sino Agro Food Inc.'s (OTCQB: SIAF) experienced low stock volume Oct. 20, with just 345,470 shares changing hands, less than half its 30-day average volume of 890,335 million shares.
There hasn't been any news or new press releases issued by the China-based organic food company lately.
Strong Quarterly Report
The last announcement came Sept. 4 when Sino Agro said it has closed a net $24,975,000 convertible note funding with Euro China Capital AB ("ECAB"), a Nordic investment house.
However, Sino Agro recently filed its financial report for its second quarter and the numbers were impressive, especially for a penny stock.
Here's a summary
- Cash on hand: $3.63 million
- Current assets: $251.74 million
- Total assets: $446.58 million
- Current liabilities: $45.93 million
- Quarterly revenues: $82.35 million
- Net income: $29.22 million
On Oct. 20, SIAF's shares closed at 90 cents, up 5 cents, or 6.01%, from its closing price of 85 cents the previous day.
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