A123 Systems Soars 18% (APC, QTWW, NAK, AONE, URZ)
Anadarko Petroleum Corporation (NYSE:APC) shares gained 1.20% to $63.84 after the company in a dispute set for trial in Houston, terminated its lease contract for Noble Corp’s offshore oil rig in June 2010, after President Barack Obama’s May 27, 2012, announced a six-month ban on deep-water drilling following the BP Plc (BP/) spill. Anadarko sued Noble, asking the court to rule the contract was “lawfully terminated” because the moratorium should be considered an act of God, or “force majeure,” that prevented use of the Noble Amos Runner rig as of May 28.
Quantum Fuel Systems Technologies (NASDAQ:QTWW) shares climbed 10.66% to $0.675 in the early hour. On May 22, 2012, the company provided an update on the near term direction and focus of the Company following recent executive management changes. The board members assured stakeholders that they (i) are enthusiastic about the Company’s opportunities, technology and asset mix, and (ii) have full confidence in the new leadership team to execute on the Company’s near-term direction.
Northern Dynasty Minerals Ltd. (USA) (NYSEAMEX:NAK) shares gained 5.24% to $2.61 in the morning hour. On May 23, 2012, Northern Dynasty Minerals (NYSE: NAK) was downgraded by equities researchers at Canaccord Genuity from a “buy” rating to a “hold” rating. According to the analysts, the risk profile for NDM that was based on market conditions and project permitting challenges. Hence, it decreased the 12-month target price to C$7.00 per share (from C$11.45), and moving its recommendation to a market neutral, HOLD rating (was Speculative Buy).
A123 Systems, Inc. (NASDAQ:AONE) shares climbed 17.82% to $1.19 in the early hour. A deadline is coming up on June 1, 2012 in the lawsuit filed for investors in AONE shares over alleged securities laws violations in connection with certain financial statements made by A123 Systems, Inc. Investors with a substantial investment in NASDAQ:AONE shares between February 28, 2011 and March 23, 2012, should get active before the Deadline that is coming up on June 1, 2012.
Uranerz Energy Corp. (NYSEAMEX:URZ) shares gained 2.90% to $1.42 in the early hour. On May 9, 2012, the company released its financial results for the quarter ended March 31, 2012. Additionally, the company is building its first in-situ recovery (“ISR”) uranium mine, called the Nichols Ranch ISR Uranium Project, in the Powder River Basin area of Wyoming, U.S.A. Construction of the central processing plant and installation of the environmental monitor and production wells for ISR mining are proceeding on schedule for targeted completion in late 2012.