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Micro-Caps in Focus; Fannie Mae (FNMA), Titan Pharmaceuticals Inc. (TTNP), Medical Marijuana Inc.0 (MJNA)

Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise providing liquidity and stability in the secondary mortgage market, are soaring in trading today. At last check, FNMA shares were trading 22.14% higher at $0.877 on above average volume of 20.25 million. The stock hit a 52-week high of $0.98 earlier today. FNMA shares have gained more than 122% in the last three trading sessions.

FNMA shares have been rallying after news that the mortgage giant will be able to repay the Treasury sooner-than-anticipated. FNMA had bailed out by the Treasury at the height of the financial crisis in 2008. However, the company has returned to profitability and is expected to repay the bailout funds.

Shares of Titan Pharmaceuticals Inc. (OTC: TTNP), a biopharmaceutical company engaged in the development of proprietary therapeutics primarily for the treatment of central nervous system disorders in the U.S., are rallying in trading today. At last check, TTNP shares were trading 15.13% higher at $1.37 on above average volume of 1.26 million. The stock hit an intra-day high of $1.43 earlier today. Despite the gains today, TTNP shares have fallen more than 31% in the last three trading sessions.

TTNP recently reported its financial results for the fourth quarter and full year ended December 31, 2012. The company’s total revenue for the full year 2012 was around $7.1 million, compared to $4.1 million reported in 2011.

Shares of Medical Marijuana Inc. (PINK: MJNA), a company operating in the medical marijuana and industrial hemp markets, are climbing in trading today. At last check, MJNA shares were trading 9.24% higher at $0.299 on volume of 2.56 million. The stock hit an intra-day high of $0.31. Despite the sharp rise today, MJNA shares have fallen more than 0.60% in the last three trading sessions.

MJNA shares have edged higher today after the company announced that it is set to launch products, manufacturing and provide services in Europe, Canada, and Caribbean Island nations.

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