Boston, MA 03/13/2014 (wallstreetpr) – La Jolla Pharmaceutical Company (NASDAQ:LJPC) had its shares changing hands last at $15.82 after falling $11.92 percent Wednesday. Earlier in the day the shares soared to $17.80, marking the highest intraday price level. The Wednesday trading was characterized with larger volume of shares changing hands than in a normal session. The stock of La Jolla Pharmaceutical Company (NASDAQ:LJPC) has had its price target revised upward in the last 7 days. Analysts at Chardan Capital raised their price target on the stock to $54 and assigned it a “positive rating.” The new price target from Chardan Capital points to upside potential of 395.4 percent from the prevailing price. The price target of La Jolla Pharmaceutical Company (NASDAQ:LJPC) stock was also hoisted at Wedbush from $27 to $32. Still, Nobel Financial raised their price objective on the stock to $16 from $15.
WELL POWER INC (OTCBB:WPWR) has announced the closing of the first round of its equity funding. The company realized $250,000 in aggregate proceeds after offering each unit at $0.58. The company is obviously in dire need of money and the management is visibly impressed that this first round of equity financing has been hugely successful. The funds will be put into various uses such as meeting licensing requirements, general working capital and development of the Micro-Refinery Unit. Shares of WELL POWER INC (OTCBB:WPWR) last changed hands at $0.75 after falling 3.97 percent Wednesday. Earlier on the shares were traded in the range of $0.75 to $0.83, on a day that was characterized with relatively large volume.
Tiger Oil and Energy Inc (OTCMKTS:TGRO) is involved in the development of explosive technology, primarily for commercial purposes. It develops tests and markets the explosives. Shares of Tiger Oil and Energy Inc (OTCMKTS:TGRO) were last seen changing hands at $0.215, having gained 1.8 percent Wednesday. Earlier in the day investors was trading the stock in the price range of $0.21 – $0.22. A relatively large volume of shares was traded in the last session.