New York (December 13th, 2012) - A123 Systems Inc. (PINKSHEETS: AONEQ), a developer and manufacturer of rechargeable lithium-ion and energy storage systems, is down sharply in mid-day trading today, extending its losses for the week. AONEQ, which filed for bankruptcy back in October, saw a huge sell-off on Monday after a Chinese company won an auction to acquire the bankrupt company.
AONEQ is currently trading 17.62% lower at $0.0215 on above average volume of 17.74 million. The stock has now fallen more than 68% this week.
On Wednesday, the company had announced that it received final approval for $50 million debtor-in-possession (DIP) financing.
Southridge Enterprises Inc. (PINKSHEETS: SRGE), a company is engaged in the acquisition, exploration and development of gold and silver mines in Mexico, is rebounding in mid-day trading today after falling sharply in the previous three trading sessions after the company provided a corporate update. SRGE has bounced back after the company announced that it signed an agreement with major NYSE listed mining company on Cinco Minas and Gran Cabrera gold and silver mines in Mexico.
SRGE is currently trading 23.21% higher at $0.0069 on volume of 91.49 million, which is more than double the daily average volume of 43.80 million. Despite the rally, the stock is still down nearly 46% for the week.