Today's Top Stocks: Siga, Ivanhoe, and Biodisen

One of my favorite things to do during the middle and end of every trading day is check out the big winners and losers. It’s a good way to spot trends and bargains. I’ll try to do a daily recap of the top and bottom 3 stocks each trading session.

Big Winner: Siga Tech Inc.
1 day Gain: 130%
Symbol: SIGA
Related Links: Siga Tech Press Release


Reason: Siga Tech is pharmaceuticals / biotechnology that researches and develops vaccines and cures for pathogens and diseases used in biological warfare. Appearantly the scientists at Siga Tech weren’t monkeying around. Siga Tech announced today that their SIGA-246 drug designed to fight small pox was 100% successful in primate testing. My hat’s off to you Siga Tech for dominating today’s trading session with a 130% gain!

Other Winners

Company: Ivanhoe Mines Ltd.
Gain: 33%
SYMBOL: IVN
Related Links: Ivanhoe / Rio Tinto News Story, Oyu Tolgoi Mine Home Page

Reason: Ivanhoe shares jumped 33% today because British mining juggernaut Rio Tinto (RTP) announced its intentions to invest 1.7 billion dollars into Ivanhoe’s Mongolian mining operations. Ivanhoe and Rio Tinto will work together to on the Oyu Tolgoi project. "We have long believed that the right partnership would bring important benefits to the Oyu Tolgoi project, the people of the South Gobi region and all of Mongolia,"

Company: Biodisen Tech
Gain: 20%
Symbol: BBC
Related Links: Biodisen Revenue Story

Reason: Biodisen is a Vermont based fertilizer manufacturer. Main offices and operations are in Shaanxi, China and boast to be China’s first environmentally friendly fertilizer producer. This stock rose because “[they] continue to make progress on all of our strategic initiatives…” In other words Biodisen’s stock rose because the company said it should. Earnings will be coming out November 15th and I’ll be sure to write about it when they do.

Related Quotes