Daily Stock Reporter is issuing a report on four stocks to watch. Zafgen Inc (NASDAQ:ZFGN), Conatus Pharmaceuticals Inc (NASDAQ:CNAT), California Resources Corp (NYSE:CRC), and Terra Tech Corp (OTCMKTS:TRTC) have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks on the OTC, Nasdaq and NYSE subscribe to our newsletter at DailyStockReporter.com.
Zafgen Inc (NASDAQ:ZFGN) is Boston-based biopharmaceutical company that focuses on the development of therapeutics for patients suffering from obesity and obesity-related disorders. Today (4/4) the company announced positive data from its phase 3 trial evaluating the safety and efficacy of its obesity drug beloranib. Monday morning the stock hit highs of $8.28 marking a 3 week run of 51% and came up from lows in mid-March of $5.49. “These data further support the efficacy profile of beloranib in PWS…We believe these data also provide greater perspective on the benefit/risk relationship of beloranib in this high-risk patient population and we look forward to discussing these results with the FDA,” CEO Thomas Hughes stated.
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Conatus Pharmaceuticals Inc (NASDAQ:CNAT) a biotechnology company focused on the development and commercialization of novel medicines to treat liver disease, announced on Monday (4/4) that it has appointed Edward F. Smith III, Ph.D., as Senior Vice President, Regulatory Affairs and Quality Assurance. Shares of CNAT have seen a build up in price of more than 70% since February. Monday (4/4) the stock hit highs of $3.04 during early morning trading. Steven J. Mento, Ph.D., President and Chief Executive Officer of Conatus stated, “[Edward F. Smith’s] substantial experience includes U.S. and European regulatory filings across multiple therapeutic areas and drug/device categories from preclinical development through post-approval label expansion. We believe that Edward’s broad familiarity with the drug development process, strategic understanding of regulatory pathways, and demonstrated proficiency in regulatory agency interactions will be highly relevant as we advance toward the initial opportunity for approval of emricasan in cirrhosis caused by nonalcoholic steatohepatitis (NASH).”
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California Resources Corp (NYSE:CRC) has seen an increase in price during the first half of trading on Monday (4/4). Following mixed trading last week, the stock has seen a move in price from an open of $0.961 to highs of $`1.22 prior to the 12PM EST hour. California Resources is a California-based oil and natural gas company focused on implementing advanced technology as a means of increasing its production ability.
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Terra Tech Corp (OTCMKTS:TRTC) announced last week that it had closed the acquisition of Black Oak Gallery, DBA: Blüm Oakland, an established, retail medical cannabis dispensary in Oakland, CA. According to the company, the trailing 12-month non-GAAP revenue for Blüm Oakland is over $14 million, which tracks the revenue reported by Blüm Oakland in its associated sales tax and cannabis tax reporting and payments. Since making the announcement, shares of TRTC have increased in price from lows of $0.2162 to highs on Monday (4/4) of $0.295 marking a move up of 36%.
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