Shares of Freddie Mac (OTC: FMCC), a government-sponsored enterprise providing liquidity and stability to the secondary mortgage market, are climbing in trading today. At last check, FMCC shares were trading 13.22% higher at $0.926 on above average volume of 19.85 million. The stock hit an intra-day high of $0.96 earlier today.
FMCC shares are gaining momentum after the company reported its financial results for the March quarter. FMCC reported earnings of $4.6 billion for the quarter, driven by the ongoing improvement in U.S. housing market. FMCC also said that it will pay a dividend of $7 billion to the U.S. Treasury.
Shares of African Copper Corporation (OTC: ACCS), a mineral exploration company looking to acquire, explore and develop highly prospective metal projects in Africa, are up sharply in trading today. At last check, ACCS shares were trading 3.96% higher at $0.105 on volume of 3.85 million. The stock hit an intra-day high of $0.14 earlier today. Despite the gains, ACCS shares fell nearly 64.80% in the last three trading sessions.
ACCS shares are gaining momentum after the company announced that it signed a Letter of Intent (LOI) to acquire a second group of mineral leases in the Kalahari Copperbelt region of Botswana, Africa.
Shares of Petrosonic Energy Inc. (OTC: PSON), a company focusing on de-asphalting and separation of asphalt from heavy crude oil, oil sands, and waste oils, are rallying in trading today. At last check, PSON shares were trading 5.88% higher at $1.08 on volume of 549,070. The stock hit an intra-day high of $1.09 earlier today. PSON shares have gained nearly 12% in the last three trading sessions.
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