NewLead Holdings Soars Over 17% (NEWL, NFEC, TOPS, VRNG, LLEN)
NewLead Holdings Ltd (NASDAQ:NEWL) augmented 17.11% to $1.30.Recently, NewLead Holdings Ltd announced that Cyprus Popular Bank Public Co Ltd agreed with NewLead to the conversion of $217,250,000 associated with the aggregate principal amount of 7% Convertible Senior Notes due 2015. According to the terms of the conversion, the Notes held by Focus will be converted into 264,939,024 shares of NewLead’s common stock.
NF Energy Saving Corp (NASDAQ:NFEC) soared 21.62% to $1.35. So far this year, the stock is up over 103%. The 52-week range for the stock is $0.46 and $3.37. The Company has Price/Sales ratio of 0.44 and Price/Book ratio of 0.20. The 50-Day Moving Average and 200-Day Moving Average prices is $1.38 and $1.01 respectively.
TOP Ships Inc (NASDAQ:TOPS) went up 22.13% to $1.49. The 52-week range for the stock is $1.0 and $5.20. The Company has Price/Sales ratio of 0.50 and Price/Book ratio of 0.27. The 50-Day Moving Average and 200-Day Moving Average prices is $1.57 and $2.01 respectively. So far this year, the stock is down over 42%.
Vringo Inc (NYSEAMEX: VRNG) surged up 12.44% to $4.52. A U.S. district court sided with Vringo Inc regarding four out of six issues in an ongoing patent case it has against a handful of major companies.
L&L Energy Inc (NASDAQ:LLEN) climbed up 11.86% to $2.17 on a traded volume of 399k shares. L&L Energy Inc agreed to acquire a majority stake in the Lashu coal mine in the Guizhou from Union Energy with an initial payment of $314,000. This will help the Company to consolidate its holdings in the area. L&L expects the mine will produce 300,000 tons of coal a year, with potential expansion to 450,000 tons a year or more upon further investigation.