Banro Corporation (NYSEMKT:BAA) announced that it has now closed the previously announced $40 million financing that involves issue of convertible-preferred shares to the investment funds that are managed by the Gramercy Funds Management LLC via a non-brokered private-placement. John Clarke, Banro Corporation (NYSEMKT:BAA)’s Chief Executive Officer said that the financing is intended to address & resolve the near-term liquidity constraints that the company has experienced while completing the Twangiza Mine expansion-project & development of its Namoya Mine. Further, this was also completed with minimum dilution for benefit of all the stakeholders. Banro Corporation (USA) (NYSEMKT:BAA) shares after opening at $0.73 moved to $0.76 on last trade day and at the end of the day closed at $0.690. Company price to sales ratio in past twelve months was calculated as 1.47 and price to cash ratio as 11.75. Banro Corporation (USA) (NYSEMKT:BAA) showed a positive weekly performance of 13.11%.
IsoRay Inc. (NYSEMKT:ISR) announced that IASIS Medical has received formal approval for the sale of IsoRay’s complete product line in Greece. IsoRay, Inc. (NYSEMKT:ISR) shares advanced 27.59% in last trading session and ended the day on $1.11. ISR return on equity ratio is recorded as -71.90% and its return on assets is -56.60%. IsoRay, Inc. (NYSEMKT:ISR) yearly performance is 37.04%.
Kimco Realty Corp (NYSE:KIM) Director Frank Lourenso sold 4,125 shares of the company’s stock on the open market in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $21.92, for a total value of $90,420.00.Kimco Realty Corp (NYSE:KIM) shares moved down -0.36% in last trading session and was closed at $21.88 while trading in range of $21.86 – $22.17 – Kimco Realty Corp (NYSE:KIM) year to date (YTD) performance is 9.52%.
MagneGas Corporation (NASDAQ:MNGA), the developer of a technology that converts liquid waste into hydrogen-based fuels announced today that it has hired Terry Vernille to lead its Industrial Gas sales division. Terry has over 30 years of experience with industrial gas, previously having worked for Air Liquide, Praxair and Matheson Gas.MagneGas Corporation (NASDAQ:MNGA) weekly performance is 38.16%. On last trading day company shares ended up $ 1.05. MagneGas Corporation (NASDAQ:MNGA) distance from 50-day simple moving average (SMA50) is 22.26%. Analysts mean target price for the company is $0.95.