Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
InspireMD Inc (NYSEMKT:NSPR)’s shares dwindled -47.27%, and closed at $0.290, hitting new 52-week low of $0.26.
InspireMD, Inc. (NSPR), a leader in embolic protection systems (“EPS”), declared that it has reached a definitive contract to sell up to about 34 million shares of ordinary stock and warrants to purchase up to about 34 million shares of ordinary stock in a public offering. The ordinary stock will be sold at a negotiated purchase price of $0.40 per share, and each purchaser will receive a warrant to purchase one share of ordinary stock for each share of ordinary stock that it purchases in the offering. The warrants shall be exercisable right away and have a term of exercise of five years from the date of issuance and an exercise price of $0.55. The Corporation anticipates to receive gross proceeds from the offering of about $13.5 million, before deducting placement agents’ fees and estimated offering expenses.
The offering is predictable to close on or about March 9, 2015, subject to customary closing conditions.
H.C. Wainwright & Co., LLC, is serving as the sole bookrunner for this offering. Dawson James Securities, Inc. is serving as co-manager.
The Corporation intends to use the net proceeds from this offering to commercially launch CGuard™ EPS, conduct sales activities related to MGuard Prime™ EPS, advance the development of its pipeline, and for general corporate purposes.
The securities described above are being offered following a shelf registration statement on Form S-3 which was filed with the Securities and Exchange Commission (“SEC”) and was declared effective on November 27, 2013. A preliminary prospectus supplement regarding the offering was filed with the SEC on March 3, 2015 and a final prospectus supplement regarding the offering will be filed with the SEC by March 5, 2015.
InspireMD seeks to utilize its proprietary MGuard® with MicroNet™ technology to make its products the industry standard for embolic protection and to provide a superior solution to the key clinical issues of current stenting in patients with a high risk of distal embolization, no reflow and major adverse cardiac events.
StemCells Inc (NASDAQ:STEM), declined -10.14%, and closed at $1.24.The stock has the beta value of 1.48, and its volatility for the week is10.16%, while for the month it is 5.05%. The company has the market capitalization of $95.49M. The mean recommendation of analysts for this stock is 3.00 (where 1=Buy, 5=Sale).
American Eagle Energy Corp (NYSEMKT:AMZG), dipped - 39.49%, and closed at $0.223, hitting new 52-week low of $0.22.
American Eagle Energy Corporation (AMZG), declares an operations update for the fourth quarter ending December 31, 2014, capital spending and production guidance, and estimated proved reserves for year-end 2014.
Operated Well Development:
During the fourth quarter ended December 31, 2014, American Eagle added three gross (1.8 net) wells to production. As declared formerly, the Donald 15-33S (Three Forks long lateral) well, the last of six wells developed under the Corporation’s Farm-Out program, produced an average of 312 barrels of oil equivalent per day (“BOEPD”) during the first 30 days of production. The Rick 13-31 (Three Forks short-lateral) well produced an average of 267 BOEPD during the first 30 days of production. The Huffman 15-34S (Three Forks long-lateral) well, in which the Corporation owns a 94% working interest (“WI”), was the second well stimulated by American Eagle using slickwater stimulation. The Huffman well was brought on production in December 2014 and averaged 261 BOEPD during the first 30 days of production. The Huffman well has averaged 266 BOEPD during February 2015, which is similar to the flat, stable production behavior observed in the Eli 8-1E (Bakken long-lateral) well, which was the Corporation’s initial slickwater completion.
Remedial completions, designed to correct problems with faulty stimulation sleeves, were performed during the quarter on the Shelly 3-2N (Three Forks short-lateral, 97% WI) and the La Plata State 2-16 (Three Forks long lateral, 39% WI) wells. The work on the Shelly 3-2N well was partially successful and established an initial 30 day production rate of about 61 BOEPD. The recompletion of the La Plata State 2-16 well was unsuccessful in isolating communication with an overlying zone and stimulating the Three Forks Formation.
American Eagle Energy Corporation is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota, targeting the Bakken and Three Forks shale oil formations.
Midway Gold Corp (USA) (NYSEMKT:MDW), dropped -10.36%, and closed at $0.645.
Midway Gold Corp. (MDW), is happy to declare that construction of the Pan Gold Mine (“Pan”) in Nevada is about 93% complete and first gold production is predictable by the end of March.
Recent Pan Project Milestones:
- On February 7, after six days of irrigation, initial breakthrough of fresh water that had been cycled through the pad was realized.
- As of the end of February, 3.1 million tons of ore have been placed on the heap leach pad.
- 0 million tons of ore are presently being irrigated with solution flows to the leach pad at about 14% of capacity, as the system ramps up to the design of 5,000 gallons per minute.
Resolution of Formerly Declared Delays:
- The second production well (PW2) that had a mechanical malfunction on January 1, 2015 was abandoned and a replacement well is about 87% complete. Preceding to initiating irrigation of the heap, both operating ponds were filled to capacity by pumping solely from the first production well (PW1) at a rate that was below the more productive PW2. While both ponds are now filled, the Corporation did practiced a delay of several days while the pump motor was replaced on PW1. Having begun irrigation, water is no longer likely to be a source of leaching delays as PW1 has more than adequate capacity to provide make-up water for leach operations as planned. In addition to replacing PW2, Midway will start developing a permitted third well to support construction of a leach pad expansion planned for later this year.
- Temporary local occupancy permits have been received for the ADR plant and are not predictable to contribute to any further delays.
Midway Gold Corp. is a precious metals corporation with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while seeking returns for shareholders.




