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Micro-Caps on the Move; Organovo Holdings Inc. (ONVO), AMR Corp. (AAMRQ), Tenguy World International Inc. (TGWI)

Shares of Organovo Holdings Inc. (PINK: ONVO), a company engaged in the development and commercialization of a platform technology for the generation of 3D human tissues that can be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs, edged higher in trading today.

ONVO shares ended the day 1.88% higher at $2.17 on above average volume of 475,359. The stock hit an intra-day high of $2.23.

ONVO shares gained after the company on Tuesday announced that it has partnered with Autodesk Research to develop 3D bioprinting software.

Shares of AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, surged in trading today. AAMRQ shares ended the day 6.99% higher at $0.949 on above average volume of 7.47 million. The stock hit a 52-week high of $0.95 in trading today.

AAMRQ shares have gained 20.74% in the last three trading sessions. In the last one month, the stock has gained153.74%.

AAMRQ shares have been gaining momentum amid speculation that the bankrupt airline will merge with US Airways Group Inc. (NYSE: LCC).

Shares of Tenguy World International Inc. (PINK: TGWI), operating as an oil and gas drilling company in the U.S., rose sharply in trading today.

TGWI shares ended the day 9.09% higher at $0.0024 on above average volume of 67.91 million. Despite the gains in trading today, TGWI shares have fallen 20% in the last three trading sessions.

TGWI shares rallied today after the company reported that the drill rig on the Branch #1 Well is expected to reach the Total Drilling depth. The company said that details on the oil and gas production will be released once the well which provides a detailed record of geologic formations penetrated by the borehole has been completed.

 


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