On Monday, Shares of Kinross Gold Corporation (NYSE:KGC), gained 1.18% to $2.57, as some mining and related stocks get a slight bump thanks to the rise in the price of gold, which is still above the $1,200 per ounce mark.
The precious metal is extending some recent gains. Last week, Gold ended at a three month high.
“Gold has made some solid advances, but confidence is fragile-reflected by the difficulty it has in breaching key technical resistance levels with any conviction, notably at $1,225,” Ross Norman of the bullion broker Sharps Pixley told MarketWatch.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores.
Shares of PlasmaTech Biopharmaceuticals, Inc. (NASDAQ:PTBI), inclined 16.17% to $9.27, during its last trading session.
PlasmaTech Biopharmaceuticals, declared that it had closed its formerly declared acquisition of Abeona Therapeutics, a company engaged in the development and commercialization of therapies for patients with lysosomal storage diseases. The Company will issue to Abeona Therapeutic members a total of 3,979,761 common shares, and up to an additional $9 million in performance milestones, in common stock or cash, at the Company’s option. Additionally, Tim Miller, Ph.D. is designated President & CEO of PlasmaTech Biopharmaceuticals and joins the Company’s Board of Directors.
PlasmaTech Biopharmaceuticals, Inc. operates as a biopharmaceutical company and develops protein biologic therapies and oncology supportive care products. The company’s marketed product comprises MuGard the administration of oral mucositis; and ProctiGard for the treatment of radiation proctitis, a frequent side effect of radiation treatment to the pelvic region.
At the end of Monday’s trade, Shares of Cowen Group, Inc. (NASDAQ:COWN), gained 5.28% to $5.78.
Cowen Group, declared that it is initiating the development of a customized suite of electronic products and analytic tools for customers to efficiently trade the 1400 securities that will comprise the U.S. Security and Exchange Commission’s (“SEC”) recently approved two-year pilot program. This program, which will start by May 6, 2016, will widen the minimum quoting and trading increments for stocks of certain small-cap companies to test for long-term changes to trading these stocks. Products and analytics will be developed by Cowen / ATM, a leading provider of broker neutral and execution algorithms.
Cowen / ATM has a history of focusing specifically on providing superior execution to institutional clients and assisting traders to make informed trading decisions, counting traditional and proprietary algorithms. Cowen / ATM will take the same approach to assisting clients navigate the pilot program.
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its auxiliaries.
Finally, MGIC Investment Corp. (NYSE:MTG), ended its last trade with 0.65% gain, and closed at $10.79.
On May 1, Mortgage Guaranty Insurance Corporation (MGIC), the principal partner of MGIC Investment, has hired Stephen Mackey to be Executive Vice President - Chief Risk Officer upon the formerly declared retirement of Lawrence Pierzchalski. Mr. Mackey will join the firm in late June.
Mr. Mackey has more than 30 years of experience in the financial services industry. He comes to MGIC from JP Morgan Chase & Company where he has held a number of senior leadership positions and most recently served as Managing Director, Firmwide Market Risk. His diverse background comprises various leadership positions with Fannie Mae, where he worked for 13 years; managerial experience with the Office of Federal Housing Enterprise Oversight (the predecessor to the Federal Housing Finance Agency), which regulated Fannie Mae and Freddie Mac; employment with the Board of Governors of the Federal Reserve System; and service as CFO of a successful start-up commercial bank.
Mr. Mackey earned his Bachelor of Arts degree in accounting from Michigan State University and his Master of Science degree in finance from The George Washington University.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, in addition to covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.
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