FinancialNewsMedia.com Mid-Morning Market Movers for 01/10/12: GEFI, CRUS, AA, ACTC -- January 10, 2012
January 10 2012 - 11:06AM
Marketwired
FinancialNewsMedia.com "stocks in the news" for today: Geo Finance
Corp. (PINKSHEETS: GEFI), Cirrus Logic, Inc. (NASDAQ: CRUS), Alcoa
Inc. (NYSE: AA), and Advanced Cell Technology, Inc (OTCBB: ACTC).
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Headlines: GEO FINANCE CORP. (GEFI) IDENTIFIES DRILL TARGETS AND
RETAINS OPERATOR FOR NEWEST LEASES IN TEXAS... Growing Oil Company
Plans to Increase Production in Light of High Oil Prices
After the markets closed for trading yesterday, Geo Finance
Corporation (PINKSHEETS: GEFI) announced that the managing partner
of the newly acquired Jackson A&D leases, Armurtex Oil
Corporation (a private corporation) has retained GGP Exploration
Ltd of Shreveport Louisiana to operate the 200 acre field located
in Archer and Wichita Counties, Texas.
Watch the latest Video Press Release for Geo Finance Corp. here:
http://youtu.be/POc0mhtArrA
The Jackson A&D lease has 30 existing closed wells and one
injection well currently located thereon. As announced on November
9th, 2011, Geo Finance Corporation entered into an option agreement
with Armurtex Oil Corporation whereby Armurtex partnered with GEFI
to acquire the property.
Read the entire GEFI press release here:
http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=118
Cirrus Logic, Inc. (NASDAQ: CRUS) is over up 13% on Tuesday
(01/10/12) on 3.5Mil shares traded as of 10:20am. Cirrus Logic
shares on results and outlook as the chip maker beat revenue
expectations and issued a better than expected sales forecast.
Alcoa Inc. (NYSE: AA) was up 1.1% in early trading Tuesday
(01/10/12) on above normal volume of 27.8Mil shares as of 10:25am.
Even though AA reported losses and its first loss in the last nine
quarters, Alcoa expects global aluminum demand to grow 7% in
2012.
Advanced Cell Technology, Inc (OTCBB: ACTC) was up over 13% in
trading on Tuesday (01/10/12) with high volume over 19Mil shares
traded. Advanced Cell Technology, Inc. applies stem cell-based
technologies (both adult and human embryonic) and other proprietary
methods in the field of regenerative medicine.
Market Commentary: State Dept: Oil Could Be Up 50% in a Matter
of Days
"Energy analysts say the price of oil would start to soar and
could rise 50 percent or more within days." -- New York Times In a
development that has edged the world closer to full-scale war in
the Persian Gulf, European powers stated Wednesday that a tentative
ban would be placed on exports to Iran. The European announcement
comes on the heels of three very publicized long-range missile
tests conducted by the Iranians earlier in the week. Instability
like the kind we're seeing escalating in the Persian Gulf at this
very moment promises to shift the balance of the oil market back to
North America long before the Arab oil empire goes into full-scale
decline. Which means finding tomorrow's industry leaders right now
has never been more important.
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