Shares of BFC Financial Corporation (PINK: BFCF), a private equity and venture capital firm specializing in investments and acquisitions of middle market companies, surged in trading on Wednesday.
BFCF shares ended the day 15.57% higher at $1.41 on above average volume of 520,510. The stock hit a 52-week high of $1.43 in trading on Wednesday.
BFCF shares rallied on Wednesday after the company announced that BBX Capital Corporation plans to participate in the finding of BFCF’s recently announced acquisition of Bluegreen Corporation.
Alan B. Levan, CEO of both BBX Capital and BFC Financial, said that he is pleased that BBX Capital has decided to participate in the acquisition of Bluegreen Corporation.
Shares of Continental Prison Systems Inc. (PINK: CPSZ), a provider of kiosk and Internet payment services, saw a huge rally in trading on Wednesday.
CPSZ shares ended the day 200% higher at $0.0018 on above average volume of 129.62 million. The stock has gained 157.14% in the last three trading sessions.
CPSZ shares rallied after the company announced that it entered into a marketing agreement with Archonix, a leading provider of Jail Management Software with an installation base of over 100 facilities across sixteen states.
As per the terms of the agreement, Archonix will market CPSZ’s payment processing technologies to their existing customer base and promote the technology on a continuing basis as the company expands its significant presence in the industry.
Shares of Bebida Beverage Company (PINK: BBDA), a company engaged in manufacturing and distribution of functional beverages, fell sharply in trading on Wednesday.
BBDA shares ended the day 5.56% lower at $0.0051 on volume of 10.46 million. The stock has fallen 12.07% in the last three trading sessions.
Earlier this month, BBDA announced its third-quarter financial results. The company reported gross income of $1,619,903.14 for the third quarter.
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