On Monday, Voltari Corporation (NASDAQ:VLTC)’s shares skyrocketed 68.44%, and closed at $4.43, as billionaire investor Carl Icahn (Trades, Portfolio) revealed in a filing with the Securities and Exchange Commission that he recently attained 4.06 million shares of VLTC at a price of $1.36.
VLTC has transformed on the news to a volume leader and has quickly attracting a large shareholder base who are buying up the tiny float at a rapid rate.
Voltari Corporation delivers merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. The Corporation is focused on its digital media business and is planning to expand its product offerings to add online and display solutions to its suite of mobile data marketing services.
uniQure N.V. (NASDAQ:QURE)’s shares jumped 47.03%, and settled at $33.61, during the last trading session on Monday, after a leader in human gene therapy, the Corporation hosted a live webcast presentation and conference call and talked about the partnership with Bristol-Myers Squibb Corporation (BMY).
uniQure BV, a biopharmaceutical corporation, develops gene therapies through its modular technology platform for the treatment of genetic or attained diseases. The corporation offers Glybera for the treatment of patients with lipoprotein lipase deficiency, an orphan metabolic disease.
At the end of Monday’s trade, Miller Energy Resources, Inc. (NYSE:MILL)’s shares climbed 32.07%, and closed at $0.99, after Miller Energy Resources, Inc.’s board has designated Phillip G. Elliott as Chief Financial Officer.
Preceding to joining Miller Energy, Mr. Elliott was Senior Vice President, Planned Planning, Land & Commercial Analysis for EQT. During his more than 18 years with EQT, he also served as Treasurer in addition to a number of other financial and corporate development positions. In those roles, Mr. Elliott was involved with more than $5 billion in M&A transactions and more than $3 billion in capital markets and financing activity for EQT.
Miller Energy Resources, Inc., an independent exploration and production corporation, explores for, develops, and operates oil and gas wells in south-central Alaska. As of April 30, 2014, the corporation owned about 315,913 net acres of leasehold interests, exploration license rights to an additional 108,673 net acres, and interests in 12 crude oil and 11 natural gas wells in Alaska. The corporation is headquartered in Knoxville, Tennessee.
Banro Corporation (NYSEMKT:BAA), ended its Monday’s trading session with 17% gain, and closed at $0.234, after Banro Corporation, declared its financial and operating results for the full year 2014 and fourth quarter 2014.
FINANCIAL HIGHLIGHTS:
- Record 2014 proceed of $125.4 million, a 12% raise over 2013 ($111.8 million); Q4 2014 proceed of $35 million, a 30% raise over the previous year’s quarter.
- Gross earnings from operations of $29.4 million, a 55% raise over 2013 ($19 million).
- Twangiza EBITDA of $44.8 million vs 2013 of $34.3 million for a 31% improvement.
- $90+ million financing signed subsequent to year end.
OPERATIONAL HIGHLIGHTS:
- Production raise by 19% to 98,184 ounces of gold in 2014 (82,591 ounces in 2013); 29,445 ounces in Q4 2014 (22,858 ounces in Q4 2013)
- In 2014, 101,225 ounces of gold were sold at an average price of $1,239 (80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013)
- 2014 cash costs per ounce at Twangiza reduced 18% to $683 per ounce from $836 per ounce in 2013. AISC of $781 per ounce for full year 2014
- Cash costs for Q4 were $592 per ounce as the Twangiza plant delivered 91% of steady state ounce production over a stabilized cost structure. The second half of 2014 cash cost of $605 per ounce showed strong evidence of consistent financial performance.
PROJECT HIGHLIGHTS:
- Namoya receives agglomeration drum on site in early January and continues to ramp up.
- Exploration focused on near mine resource opportunities and value creation to current operations.
Banro Corporation, together with its auxiliaries, engages in the exploration, development, and mining of gold properties. The corporation holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.
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