TapImmune, Frontier Communications, FreeSeas Inc., and Anavex Life Sciences Heat Up The Market

ACCESSWIRE / June 24, 2015 / Trading on Tuesday pushed the markets higher as investors still hope that Greece will negotiate a new debt deal before the June 30th deadline. Crude oil also closed at $61 a barrel in the afternoon. West Texas Intermediate crude rose 1% to $61.01 a barrel over Tuesday’s session. U.S. manufacturing growth fell to its slowest pace since October 2013, according to the Markit PMI Manufacturing Index. The survey fell to 53.4 in June, down from a May reading of 54.

Top percentage gainers in the S&P 500 on Tuesday included Freeport McMoRan Copper & Gold Inc. as well as AT&T Inc. after the wireless carrier was upgraded by two firms.

Several penny stocks were making big moves on Tuesday including Frontier Communications Corporation (NASDAQ: FTR) with shares modestly climbing after Frontier Secure, a service of FTR, said that it’s offering high-speed Internet customers Nest thermostats. Nest is a smart, energy-saving thermostat that can remember what temperature customers like, and can program itself. It can also be controlled with the smartphone.

TapImmune, Inc. (OTC: TPIV) saw shares dramatically rise, hitting as high as $1.71 during intra-day trading for a 48% move over Monday’s close. The big move came after the company reported the completion of data analysis from patients treated in a Phase I clinical trial. In this Phase 1 trial conducted at the Mayo Clinic in Rochester, MN, women diagnosed with HER2+ breast cancer (Stages II-III) that had completed standard treatment (i.e. surgery, chemotherapy, and Herceptin(TM)) at least 90 days prior to enrollment were declared disease free and were treated with a multi-peptide HER2/neu vaccine.

FreeSeas Inc. (NASDAQ: FREE) saw a volume boost significantly higher than usual. The stock hit $0.11 during intra-day trading representing a move of 89% since last Friday’s low of $0.0581. The company, through its subsidiaries, presents drybulk shipping services. Its vessels carry different drybulk commodities, such as iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet consists of five Handysize vessels and one Handymax vessel. As of April 23, 2015, its operational fleet had approximately 148,978 deadweight tons with the average age of 17.7 years.

Anavex Life Sciences Corp. (OTC: AVXL) shares hit a new 52-week high on Tuesday. Anavex is a clinical-stage biopharmaceutical company developing drug candidates to treat Alzheimer’s disease, other central nervous system (CNS) diseases, pain, and various types of cancer.

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