Shares of Novogen Limited (NVGN) are up more than 8% to $6.95 this morning following a press release regarding the presentation of positive pre-clinical data for TRXE-009 for the treatment of brain cancer.
Novogen Group CEO Graham Kelly, PhD commented, “TRXE-009 is an exciting prospect. It is broadly active against a wide range of cancers in the laboratory, including cancer stem cells, and on the basis of it delivering a potent anti-cancer effect in animals bearing human melanoma, we are bringing into the clinic in 2016 for the treatment of solid cancers.”
About 2 million shares of Novogen Limited were traded by 10:42 a.m. Friday, above the company’s average trading volume of about 1.25 million shares a day.
Shares of MagneGas Corporation (MNGA) are higher by 22% to $1.03 in early morning trading on Friday, after the company announced that a major cement company in the U.S. has approved MagneGas fuel to replace acetylene and has placed their first order for a location in Florida.
MagneGas said the cement company has locations throughout the Southeastern U.S., the Caribbean, and South America with over 300 ready mix plants and 2,000 mixers.
Shares of InterCloud Systems (ICLD) rocketed nearly 25% to $4.20 on heavy trading volume Friday after the single-source provider of end-to-end IT network solutions announced a new contract with a major auto parts distributor.
InterCloud said that its cloud team was hired by a large east coast auto parts distributor and wholesaler to design, migrate and implement a cloud solution to house a web services infrastructure, centralizing point of sale (POS), and inventory data across all store locations.
CEO Mark Munro stated, “We continue to see a steady flow of new cloud customers and are building recurring revenue streams in the small and medium size business (SMB) market segment.”
Shares of Rocket Fuel Inc. (FUEL) are up more than 10% this morning after the marketing technology company confirmed it received an unsolicited buyout bid from Gravity4 for $350 million in cash. Fuel shares are scheduled to resume trading at 9:50 a.m. ET.