Leah Schnurr, Reuters
Gold, U.S. stocks bounce after rout but oil falters
(Reuters) – Gold and U.S. stocks rebounded on Tuesday as the previous session’s sell-off lured buyers into the market but demand concerns sent oil below $100 a barrel for the first time in nine months.
The broad rout in commodities and stocks seen in recent sessions was triggered by weak data from China and the United States that have sparked fresh concerns about the strength of the global economy’s recovery.
Gold has fallen about 20 percent so far this year after an unbroken 12 years of gains and is down some 28 percent from the record high hit in September 2011 of $1,920.30 an ounce.
Yesterday’s Top Performing Small Cap Stock:
SANUWAVE Health, Inc. (OTCBB: SNWV)
SANUWAVE Health, Inc. was a SmallCapVoice top performer closing up over 2% on trading volume of 16,113 shares.
SANUWAVE Health, Inc. is an emerging leader in the development and commercialization of noninvasive, biological response activating devices in the regenerative medicine area for the repair and regeneration of tissue, musculoskeletal and vascular structures.
SANUWAVE’s portfolio of products and product candidates activate biologic signaling and angiogenic responses, including revascularization and microcirculatory improvement, helping restore the body’s normal healing processes and regeneration. SANUWAVE is applying its Pulsed Acoustic Cellular Expression (PACE) technology in wound healing, orthopedic/spine, plastic/cosmetic and cardiac conditions.
Headquartered in Alpharetta, GA, SANUWAVE designs, manufactures, markets, and services its industry leading products worldwide.
Today’s SmallCapVoice.com Hot Stock to Watch:
Medical Marijuana Inc. (Pink Sheets: MJNA)
Medical Marijuana Inc.’s Dixie Elixirs Brand to Co-Sponsor Premiere of Snoop Lion Movie “Reincarnated” During 4/20 Week
SAN DIEGO, April 15, 2013 (GLOBE NEWSWIRE) — Medical Marijuana Inc. (OTC:MJNA), a leading hemp industry innovator, announced that its portfolio company, Red Dice Holdings, LLC brand Dixie Elixirs and Edibles, has completed negotiations with The Cashmere Agency, representative for hip-hop and reggae superstar Snoop Lion. Dixie will co-host the exclusive “green carpet screening” of Snoop Lion’s upcoming “Reincarnated” movie premiere on Friday, April 19th, at The Fillmore Auditorium in Denver, Colorado. The premiere coincides with the “420 weekend” events that will take place during that time period.
Medical Marijuana Inc’s. Dixie Elixir’s Brand Launching Its First THC/CBD Product: Dixie X Synergy
SAN DIEGO, April 16, 2013 (GLOBE NEWSWIRE) – Medical Marijuana Inc. (OTC:MJNA), a leading hemp industry innovator, announced that its portfolio company, Red Dice Holdings, LLC brand Dixie Elixirs and Edibles, is launching Dixie X Synergy, its first hybrid THC/CBD extract line of health and wellness products.
“Dixie X Synergy combines the benefits of THC and CBD into a product line that is truly greater than the sum of its parts,” said Tripp Keber, Managing Partner of Dixie Elixirs and Edibles. “Dixie X takes advantage of CBD’s natural ability to mitigate certain effects of THC while accentuating THC’s beneficial properties.”
Other Small Cap News
Far East Energy Corporation (OTCBB: FEEC)
Far East Energy Announces Updated PRMS Reserves
HOUSTON, April 16, 2013 /PRNewswire/ — Far East Energy Corporation (OTCBB: FEEC) today announced the release of an updated independent engineering report prepared by RISC Operations Pty Ltd (RISC), an internationally recognized independent petroleum advisory evaluation and valuation firm based in Perth, Australia, with respect to its coalbed methane (CBM) project located in the Shouyang block in Shanxi Province, China as of December 31, 2012. The reserves estimates in the updated RISC report were prepared in accordance with the standards recognized by the Society of Petroleum Engineers (SPE) in the Petroleum Resources Management System (PRMS).
Green Innovations Ltd. (OTCBB: GNIN)
Green Innovations Appoints Former Kimberly-Clark Vice President and Former CEO of Oasis Brands as New Company CEO
MIAMI, April 16, 2013 /PRNewswire/ — Green Innovations Ltd. (OTCQB/BB: GNIN) (“Green Innovations” or the “Company”) is pleased to announce that Mr. Philip C. Rundle has accepted an appointment as its new Chief Executive Officer. Mr. Rundle is considered a visionary business leader with over 20 years of extensive domestic and international experience in the tissue, diaper, wipes, and feminine care products business.
“Philip is an excellent addition to our management team. His credibility and previous industry successes speak for themselves,” stated Mr. Bruce Harmon , CFO of Green Innovations. “I look forward to working closely with him to continue and expand upon our current growth strategies.”
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