Shares of AmBase Corporation (PINK: ABCP), which owns, operates and manages one commercial office building in Greenwich, Connecticut, rallied in trading today.
ABCP shares ended the day 41.62% higher at $2.62 on above average volume of 3.38 million. The stock touched a 52-week high of $2.64 in trading today.
ABCP shares surged in trading today after the company announced that there is a signed settlement agreement in the Supervisory Goodwill legal proceedings between AmBase, the Federal Deposit Insurance Corporation-Receiver (FDIC-R0 and the Department of Justice on behalf of the U.S.
The settlement agreement provides for the payment by the U.S. directly to ABCP of $180,650,000 along with a federal tax gross-up.
Shares of Entest BioMedica Inc. (PINK: ENTB), a development-stage company engaged in the development and commercialization of immunotherapeutic therapies for the veterinary market, saw a huge rally in today’s trading.
ENTB shares ended the day 96.77% higher at $0.0061 on above average volume of 19.02 million. The stock gained more than 177% in the last three trading sessions.
According to a filing made by ENTB last month, the company had revenue of $101,000 for the three-month period ended May 30, 2012. The company’s gross profit for the three-month period was $76,000.
ENTB reported an operating loss of $243,000 for the three-month period ended May 30, 2012. Net loss for the three-month period was $411,000.
Shares of Bebida Beverage Company (PINK: BBDA), developer, manufacturer and marketer of functional drinks and bottle water in the U.S., rose sharply in trading today.
BBDA shares ended the day 14% higher at $0.0114 on volume of 32.80 million. Despite the gains in trading today, BBDA shares have fallen more than 15% in the last three trading sessions.
In the last one month, BBDA shares have gained 280%. Year-to-date, the stock is up 1800%.