On February 16, 2014, the Board of Directors of Altair Nanotechnologies Inc. (NASDAQ:ALTI) received a letter of resignation effective February 21, 2014 from Richard W. Lee as Chief Executive Officer and Director of the Company and from positions with its subsidiaries. Altair Nanotechnologies Inc. (NASDAQ:ALTI) stock opened at $6.25 in last session, and closed at $5.80, while the day range of Altair Nanotechnologies Inc. (NASDAQ:ALTI) stock is $5.80 – $6.43. The stock showed a positive weekly performance of -0.51%.
China BAK Battery Inc. (NASDAQ:CBAK) stock has seen some spectacular gains recently. Investors also need to be worried about the financial performance of China BAK Battery Inc. (NASDAQ:CBAK). The company has seen erosion in earnings per share in the last two years. During the last fiscal, the company reported losses of $9.18 per share against loss of $5.20 for the prior year. The net operating cash flow has decreased by more than 170% as compared to the same quarter last year. China BAK Battery Inc. (NASDAQ:CBAK) stock opened at $4.10 in last session, and closed at $3.75 by losing -6.02%. The 52 week range of $0.59 – $4.29. Company’s market capitalization is $47.33 million.
Ceres, Inc. (NASDAQ:CERE), an agricultural biotechnology and seed company, announced the pricing of an underwritten public offering of 20,000,000 shares of common stock at a public offering price of $1.00 per share. Ceres Inc. (NASDAQ:CERE) stock decreased -5.19% and finished the last session at $1.28. The EPS of the stock remained -1.36. Company’s market capitalization is $32.14 million.
Mandalay Digital Group, Inc. and its subsidiaries (NASDAQ:MNDL), announced its intention, subject to market and other conditions, to commence a public offering of its common stock. Mandalay Digital Group Inc. (NASDAQ:MNDL) stock opened the session at $4.15, and closed the session at $4.17. The 52 week range of the Mandalay Digital Group Inc. (NASDAQ:MNDL) stock remained $2.28 – $6.00 and the day range was $4.10 – $4.25.