College Stock: Penny Stock News

These penny stocks have made The Dean’s list of price gainers for Wednesday, August 18, 2010:

AFYG $0.149 +86.25%
Affinity Gold Corp. (PINK: AFYG) is a junior gold exploration company focused on the exploration, acquisition and development of alluvial and open-pit mining concessions in Latin America. This morning, the Company issued a corporate update, which informed investors the Company “is focused on continuing its efforts towards identifying and engaging key strategic partners, improving internal controls and procedures and making significant profess towards becoming current in [their] regulatory filings.” Although shares opened at $0.05, down from yesterday’s close of $0.08, AFYG gained as much as 200%, trading as high as $0.149.

VVTV $2.25 +39.75%
ValueVision Media, Inc. (NASDAQ: VVTV), a multi-media retailer, engages in marketing, selling, and distributing its products directly to consumers through various digital platforms, including its television shopping network, ShopNBC.com. Today, the Company reported second quarter revenues of $126.2, a 5.7% increase over second quarter 2009. Gross profit increased 13% to $47.2 million, with gross profit of 37.4%, an improvement over last year’s 34.8%. Additionally, adjusted EBITDA loss was reduced to $1.9 million, as compared to an adjusted EBITDA loss of $5.7 million for second quarter in the previous year. Today, VVTV shares gained as much as 45.96%, trading more than 14 times its 10-day average volume.

CRDC $2.18 +31.33%
Cardica, Inc. (NASDAQ: CRDC) designs and manufactures medical devices for cardiac and other surgical procedures based on its proprietary stapling and cutting technology. After market close Tuesday, the Company announced a licensing agreement with Intuitive Surgical, Inc. (NASDAQ: ISRG), providing Intuitive with a worldwide, exclusive license to the Company’s intellectual property related to tissue cutting, stapling and clip appliers for the use in the robotics field. Intuitive reportedly paid the Company $12 million “for a royalty-bearing license and equity investment in approximately 1.25 million shares of Cardica’s stock.”

VRTB $1.76 +30.37%
Vestin Realty Mortgage II, Inc. (NASDAQ: VRTB), a real estate investment trust, invests in short-term loans secured by estate through deeds of trust of mortgages. Tuesday evening, the Company reported results of operations for the three and six months ended June 30, 2010. The Company reported a net loss of $6.2 million, or $0.45 per share, and $8.7 million, or $0.64 per share, respectively, for the three and six month period ended June 30, 2010, compared to a net loss of $14.5 million, or $1.05 per share, and $20.9 million, or $1.52 per share, respectively, for the three and six month periods ended June 30, 2009. Trading eleven times its 10-day average volume, and closing at its high of day, VRTB shares gained more than 30% today.

HEB $0.54 +13.00%
Hemispherx Biopharma, Inc. (AMEX: HEB) is a specialty pharmaceutical company, engages in the clinical development of new drug therapies based on natural immune system enhancing technologies for the treatment of viral and immune based chronic disorders. This morning, the Company announced that its six-year litigation with JCI Ltd., a South African investment conglomerate, ended with a $188 million judgement in their favor. Opening 27% over its previous close of $0.4801, HEB shares gained as much as 29%, hitting a high of $0.62 on the day.