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U.S. markets put investors through a roller coaster ride this week, as weakness in China’s accomplishment and the yuan, forth with added abrasion of awkward oil prices, injected a abundant dosage of abhorrence into the markets. Friday assuredly started to see some stabilization afterwards a able jobs address and a backlash in the Chinese markets as able-bodied … but the broader indices bashed into the close.
["388"]INVENTERGY GLOBAL COM USD0.001 - NASDAQ:INVT - Stock Quote | invt stock priceDespite the abatement in the accepted indices, the breadth of sub-$5 stocks had a superb week, with several dozen finishing with assets of bifold digits or more.
Here are the bristles best stocks beneath $5 that baffled the markets this week.
1/8/16 Closing Price: $3.40 ( 62% for the week)
American Electric Technologies, Inc. (NASDAQ:AETI) was electric this anniversary afterwards entering into a new acclaim adeptness and actuality alleged to accommodate a commitment band-aid for a new clean-power-generating facility.
On Tuesday, AETI appear an $8.5 actor acclaim adeptness with Frost Bank of Texas, which the aggregation says they will use to abound its adeptness administration business throughout Texas and Mississippi.
The actual abutting day, they additionally appear their M&I Electric business had accustomed a $7 actor arrangement to accommodate a adeptness commitment band-aid for a green-field adeptness bearing plant, to bear activity from accustomed gas and beef turbines.
["388"]INVENTERGY GLOBAL COM USD0.001 - NASDAQ:INVT - Stock Quote | invt stock priceAETI banal had a monster day Tuesday, catapulting up from $2 to $4.30 intraday, afore clearing aback at $3.50.
1/8/16 Closing Price: $1.97 ( 38% for the week)
EMagin Corporation (NYSEMKT:EMAN) makes microdisplays with a technology alleged amoebic ablaze abounding diode (OLED) for cyberbanking carriageable products.
This week, the Hopewell Junction, New York-based close active a non-exclusive licensing acceding with an bearding company, to advertise its immersive basic absoluteness angle technology. Acceding of the acceding accommodate a $1 actor upfront fee, additional the authorization to use EMAN’s 2000 x 2000 pixel abounding blush angle displays.
The OLED technology is actuality trumpeted as a backup to LCOS or LED systems, with bigger lighting, abate admeasurement and the adeptness to anticipate the user from acceptable nauseous.
1/8/16 Closing Price: $1.75 ( 34% for the week)
["388"]Inventergy Global, Inc. Stock Quote. INVT - Stock Price, News ... | invt stock priceGeneral Animate Holdings Inc (NYSE:GSI) was a banal that alveolate up so abundant on Monday that trading on it was halted. On Tuesday, the Chinese aggregation said they would be affairs their China-based animate accomplishment business and complete disinterestedness position in Shaanxi Longmen Iron and Animate for $1 million.
GSI bare the sales for capital and to abate debts afterwards ability astringent losses from depleted animate prices in contempo years.
Investors saw it as a much-needed attempt in the arm. Accepted Animate banal was at $7 a allotment in aboriginal 2014, but fell to beneath than a dollar recently. GSI shares attempt up this anniversary from $1.33 to a aerial of $4.91 afore affairs aback into the $2.00 range.
1/8/16 Closing Price: $1.75 ( 9% for the week)
Inventergy Global Inc (NASDAQ:INVT) had a active but ultimately assisting week. On Thursday, the advance and licensing close appear it had adapted an beforehand acceding with a apparent accomplice that alone affirmed minimum payments additional absorption that INVT had owed, in barter for approaching licensing and sales agreements amid the two companies.
Under the acceding of the agreement, Inventergy has now bargain some $17.3 actor in debt, and alienated $1 actor in accrued absorption and approaching absorption payments. CEO Joe Beyers said the alteration will put his a aggregation in a “stronger banking position” activity forward. The partner’s name was not revealed.
["388"]Inventergy stock price, OTCMKTS:INVT quote | invt stock priceAt the alpha of December, INVT banal was affairs for beneath than a dollar, but three able spikes this ages accept pushed the banal up about three-fold in price. However, shares did hit a bank on Friday forth with the blow of the broader market.
1/8/16 Closing Price: $2.89 ( 18% for the week)
Heat Biologics Inc (NASDAQ:HTBX) was a hot banal this anniversary afterwards advertisement they will be giving a presentation on allowed arrangement therapies adjoin blight at the Eighth Annual Biotech Showcase abutting week.
But the bigger account that propelled HTBX banal college on Tuesday was the Form 8-K they submitted, abandoning a antecedent acceding with Cantor Fitzgerald in which Heat Biologics was activity to advertise shares anon to them. Cantor had a “buy” appraisement and an $18 amount ambition on HTBX stock.
As of this writing, Ethan Roberts did not authority a position in any of the above securities.
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