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Micro-Caps on the Move; ChromaDex Corp. (CDXC), Fannie Mae (FNMA), South American Gold Corp. (SAGD)

Shares of ChromaDex Corp. (PINK: CDXC), a supplier of ingredients, phytochemical, reference standards, and related phytochemical products and services to the dietary supplement, food and beverage, cosmetic and pharmaceutical industries, rose sharply in trading today.

CDXC shares ended the day 4.76% higher at $0.880 on above average volume of 2.03 million. The stock touched an intra-day high of $0.95. CDXC shares have gained more than 20% in the last three trading sessions.

According to a filing made by CDXC recently, the company had total revenue of $2.671 million for the quarter ended June 29, 2012, compared to $1.785 reported for the quarter ended March 30, 2012. The company posted a net loss of $3.994 million for the quarter ended June 29, 2012, compared to a net loss of $4.432 million reported for the same period in the previous year.

Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, surged in trading today.

FNMA shares ended the day 7.77% higher at $0.272 on above average volume of 9.53 million. The stock touched an intra-day high of $0.28 in trading today. FNMA shares have gained more than 12% in the last three trading sessions.

Shares of South American Gold Corp. (PINK: SAGD), an exploration mining company engaged in the discovery, acquisition, exploration and development of gold and silver deposits in North and South America, and southeastern Europe, saw a huge rally in trading today.

SAGD shares ended the day 42.86% higher at $0.0050 on above average volume of 7.54 million. The stock touched an intra-day high of $0.01 in trading today.

Last week, SAGD provided an update on its Baltimore Silver Mine project. The company said that its prime objective is to prepare and review a project assessment of potential for commercial production, and costs to implement a Phase I Exploration and Development program.

 


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