Los Angeles, CA – January 3, 2013 - - Chinacast Education Corporation (PINKSHEETS: CAST) shares climbed 20.73% to $0.0990 in the early hour. The 52 week trading range for the company is $0.05 - $6.45. The shares of the company plunged 87% in the last one year. The company is a post-secondary education and e-Learning services provider in People's Republic of China.
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Seven Arts Entertainment Inc (PINKSHEETS: SAPX) shares soared 27.27% to $0.0560. The company, on Dec. 20, announced that it has engaged investment advisors to explore a sale or merger of the company or its assets. The Company's net book value is approximately $14 million and management believes that the value of the Company's film and music assets may be greater than this amount. The current market capitalization of the Company is materially less net book value.
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Trina Solar Limited (ADR) (NYSE: TSL) stock increased 20.98% to $5.42. The 52 week trading range for the company is $2.04 - $12.19. The shares of the company declined 25% in the last one year. The company is an integrated solar-power products manufacturer based in China with a global distribution network covering Europe, North America and Asia.
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LodgeNet Interactive Corp. (NASDAQ: LNET) stock gained 2.56% to $0.0441. The company, on Dec. 31, announced that it has entered into a definitive agreement with a syndicate formed by an affiliate of Colony Capital (herein "Colony Syndicate"), a global investment firm with $38 billion in assets under management and a broad range of hospitality and media industry investments, pursuant to which the Colony Syndicate will provide $60 million of new capital to support a proposed recapitalization of the Company.
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Zalicus Inc (NASDAQ:ZLCS) shares climbed 7.90% to $0.713 after the company announced that it has initiated the second of two Phase 2a clinical studies with Z160, its first-in-class, oral, state-dependent, selective N-type (Cav2.2) calcium channel blocker for the potential treatment of chronic neuropathic pain. The Company also provided an overview of 2012 accomplishments.
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