Jan 14, 2014

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Stocks Gaining Momentum: MediciNova, Inc. (NASDAQ:MNOV), Thompson Creek Metals Company Inc (NYSE:TC), Ocean Power Technologies Inc (NASDAQ:OPTT), China Pharma Holdings, Inc. (NYSEMKT:CPHI)

Stocks Gaining Momentum: MediciNova, Inc. (NASDAQ:MNOV), Thompson Creek Metals Company Inc (NYSE:TC), Ocean Power Technologies Inc (NASDAQ:OPTT), China Pharma Holdings, Inc. (NYSEMKT:CPHI)

MediciNova, Inc. (NASDAQ:MNOV) made a new 52-week high of $5.25 in the current trading session after the biopharmaceutical company revealed positive study results that examined potential clinical effectiveness of MN-001 to treat nonalcoholic steatohepatitisn (NASH). MediciNova added that it is planning to commence a Phase 2 test for the treatment of NASH in the United States. MNOV has a market capitalization of $90.94 million.

Thompson Creek Metals Company Inc (NYSE:TC) jumped more than 16 percent in the current trading session after the diversified mining company announced that it produced 29.96 million pounds of molybdenum in the last year, up 34 percent from 22.43 million pounds in 2012. Thompson Creek shares are trading in the range of $2.51 to $2.69 today. The company has a market capitalization of $433.77 million.

Ocean Power Technologies Inc (NASDAQ:OPTT) rose 39.37 percent to $3.08 today on volume of 3.72 million shares after the company reported funding agreement with Australian government for a grant of A$66.5 Million. OPTT stock has a 52-week range of $1.45 to $3.82. The company has a market capitalization of $32.11 million.

China Pharma Holdings, Inc. (NYSEMKT:CPHI) climbed 60.71 percent to $0.675, on volume of 1.53 million shares, in the current trading session. The 52-week range of the stock is $0.45 to $0.74. CPHI shares have been moving up from the last few days. The stock increased more than 90 percent in the past five days. The company has a market capitalization of $29.42 million.

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