Tuesday, March 20, 2012

Monday's NASDAQ Winners: RCON, AMPE, SAPX, AGEN

New York, NY - March 20, 2012 (Invetorideas.com Newswire) www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday March 19th. The Nasdaq Composite ended higher by 23.06 points or 0.75% at 3,078.32.

Recon Technology, Ltd. (NASDAQ: RCON) closed at $2.25 after surging 168.27% in Monday's trading session after the company reported that one of its variable interest entities, Beijing BHD Petroleum Technology introduced the Baker Hughes Frac-PointTM System to China Petroleum and Chemical Corporation's ("Sinopec") Zhongyuan oilfield. The system helped Sinopec complete the fracturing of a dense sandstone horizontal well that required multistate fracturing.

Ampio Pharmaceuticals, Inc. (NASDAQ: AMPE) closed at $3.82 after gaining 42.54% in previous trading session after the company said that it has completed the planned interim review of the first 50% of patients enrolled in the Optina(TM) trial for diabetic macular edema. The trial explored the safety and efficacy of twice-daily oral doses of Optina (TM), to reduce macular edema as determined by OCT (optical coherence tomography).

Seven Arts Pictures PLC (NASDAQ: SAPX) closed at $0.219, climbing 21.67% in yesterday's trading session. The 52 week trading range for the company is $0.13 - $5.75. On March 06, 2012, Seven Arts announced that it has closed the acquisition of the music assets of David Michery. Mr. Michery is a music industry veteran with an extensive track record of accomplishments.

Agenus Inc (NASDAQ: AGEN) closed at $6.27 after gaining 19.43% . The 52 week trading range for the company is $1.92 - $6.72. On March 05, 2012, the company reported a fourth quarter net loss of $6.2 million, or $0.29 per share, as compared to $2.6 million, or $0.16 per share, in the same quarter last year. For the year ended December 31, 2011, the company incurred a net loss of $24.1 million, or $1.21 per share, as compared to $22.7 million, or $1.41 per share, for the comparable period last year.

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