Diamonds and Dogs
12/1/14
Can-Fite BioPharma Ltd. (CANF)Can-Fite BioPharma is trading higher today, up 18.34% to $4.85. The biopharmaceutical company saw its shares jump over $1.00 intraday after news of a potential breakthrough for its drug. Researchers from St. Louis University found that Can-Fite's drug, CF-101, binds itself to the A3 adenosine receptor to reduce neuropathic pain in animal models. The good news shines some light on the progress of Can-Fite and investors seem to be jumping on board. Shares of Can-Fite climbed as high as $5.47, but sold off a bit coming into the close. Can-Fite's 52-week high is $9.46.
Goodrich Petroleum Corp. (GDP)
Goodrich Petroleum is burning down today, down 18.44% to $4.93. The oil and natural gas company saw its shares fall after oil continued its downward spiral (before its late rally). Oil prices hitting a five-year low weighed heavily on the Goodrich and many other oil companies. Further kicking Goodrich down was a downgrade from KeyBanc Capital Markets, who moved the company from buy to hold citing too much uncertainty surrounding balance sheet constraints. Shares of Goodrich fell over $1.00 today and hit a new 52-week low of $4.36 intraday.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.