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Micro-Caps in Focus; Amarantus BioSciences Inc. (AMBS), Medical Marijuana Inc. (MJNA), Cellceutix Corp. (CTIX)

Shares of Amarantus BioSciences Inc. (OTC: AMBS), a development stage biotechnology company engaged in the discovery and development of therapeutic proteins and biologics for the treatment of Parkinson’s disease, traumatic brain injury (TBI) and other human diseases, are rallying in trading today.

At last check, AMBS shares were trading 42.86% higher at $0.0270 on above average volume of 19.91 million. The stock hit an intra-day high of $0.03 in trading today.

AMBS shares are soaring in trading today after the company announced the appointment of former Super Bowl Champion Toi Cook to its Board of Advisors. Cook will work with AMBS to engage NFL, NFL Players Association and individual retired players to raise awareness and funding for the company’s Coalition for Concussion Treatment (#C4CT) campaign.

Shares of Medical Marijuana Inc. (PINK: MJNA), a company engaged in the medical marijuana and industrial hemp markets, are soaring in trading today.

At last check, MJNA shares were trading 19.28% higher at $0.0990 on volume of 9.42 million. The stock hit an intra-day high of $0.10 in trading today.

MJNA recently announced that its President and CEO will host an audio interview on December 5, 2012 to discuss the company’s third-quarter results and market opportunities.

Shares of Cellceutix Corp. (OTC: CTIX), a development stage biopharmaceutical company, are up sharply in trading today.

At last check, CTIX shares were trading 7.21% higher at $1.19 on above average volume of 850,628. The stock hit an intra-day high of $1.21 in trading today. CTIX shares have gained more than 14% in the last three trading sessions.

CTIX shares have been gaining momentum after the company on Monday announced that its anti-cancer drug Kevetrrin completed its dosing cycle in Phase 1 clinical trial and is ready for next cohort.

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