New York, NY – (NISMAGAZINE) –08/29/2013- Avanir Pharmaceuticals Inc (NASDAQ:AVNR) shot up 4.88% at $5.16 after trading 2.56 million shares. On Tuesday Piper Jaffray hiked their price target on the stock from $6.00 to $13.00 and maintained an Overweight rating on the stock. According to the analysts, the company’s AVP-786 drug could have the edge over Nuedexta generics in the treatment of Alzheimer’s disease, Multiple Sclerosis, PD and autism. Yesterday the stock formed a bullish engulfing pattern and it appears the stock is well positioned to continue in its ascending channel.
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KBridge Energy Corp (OTCMKTS:BMMCF) crashed 72.41% at $0.0800 after trading 3.36 million shares. It is a development stage company that provides consulting services in South Korea. It operates as a broker for energy and resource related contracts. The company was formerly known as Blue Marble Media Corp. and changed its name to Kbridge Energy Corp. in December 2011. No recent quarterly data is available on the company’s finances. However, for the year ended December 31, 2012, the company reported revenue of $461K and a net income of $206K. As on that date it reported cash and cash equivalents of $72K and current liabilities of $280K.
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