Advaxis, Inc. (Nasdaq:ADXS) announced the pricing of an underwritten public offering of 4,080,000 shares of common stock at a public offering price of $3.00 per share. The Company expects to receive $12,240,000 in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the Company. Acdvaxis, Inc. (NASDAQ:ADXS) shares after opening at $3.04 moved to $3.08 on last trade day and at the end of the day closed at $3.06. Company price to cash ratio in past twelve months was calculated as 2.65. Advaxis, Inc.(NASDAQ:ADXS) showed a negative weekly performance of -37.93%.
Spherix Inc (NASDAQ:SPEX) has commenced patent litigation in the United States District Court for the District of Delaware against Cisco Incorporated (CSCO) alleging that the San Jose, CA based company violates 11 patents owned by Spherix. These patents, developed by inventors at Nortel Networks and acquired by Spherix in December 2013, relate to Cisco’s products including routers and switches. The law firm of Cozen O’Connor P.C. represents Spherix in this litigation. Spherix Inc (NASDAQ:SPEX) shares fell -23.44% in last trading session and ended the day on $3.43. SPEX return on equity ratio is recorded as -550.40% and its return on assets is -373.10%. Spherix Inc (NASDAQ:SPEX) yearly performance is -59.22%.
Great Northern Iron Ore Properties (NYSE:GNI) will begin trading ex-dividend on March 27, 2014. A cash dividend payment of $2.25 per share is scheduled to be paid on April 30, 2014. Shareholders who purchased GNI stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -15.09% decrease from the prior quarter. Great Northern Iron Ore Properties (NYSE:GNI) shares moved down -12.77% in last trading session and was closed at $19.12 while trading in range of $18.76 – 20.81.Great Northern Iron Ore Properties (NYSE:GNI) year to date (YTD) performance is -71.92% %.
Digital Ally, Inc. (Nasdaq:DGLY) 18.8% LOWER; reported Q4 EPS of ($0.74), versus ($0.24) reported last year. Revenue for the quarter came in at $3.5 million, versus $4.6 million reported last year. Digital Ally, Inc. (NASDAQ:DGLY) weekly performance is -19.16%. On last trading day company shares ended up $6.37. Digital Ally, Inc. (NASDAQ:DGLY) distance from 50-day simple moving average (SMA50) is -23.09%. Analysts mean target price for the company is $4.00.
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