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Midday News Buzz: Arch Coal Inc(NYSE:ACI), Anavex Life Sciences Corp. (NASDAQ:AVXL), UniPixel Inc (NASDAQ:UNXL)

The Caixin China manufacturing purchasing managers index, a gauge of nationwide manufacturing activity, rose to 48.3 in October from 47.2 in September. However, a reading below 50 indicates contraction and the index has stayed below that level for eight consecutive months. The official gauge of China’s factory activity, released Sunday, was unchanged at 49.8 in October.

The data “suggests that China’s traditional sector of heavy industry and production will continue to contract for a while, which leads to less demand for oil,” said Vyanne Lai, an energy analyst at National Australia Bank.

 

Arch Coal Inc(NYSE:ACI) increased 26.67% at the price of $1.90 recently on a traded volume of 1.28 million shares, in comparison to 2.35 million shares of average trading volume. The company has a total market capitalization of $39.60 million. Arch Coal Inc(NYSE:ACI) announced the termination of its previously announced (i) private offer to exchange (the “2020 Exchange Offer”) new 6.25% Trust Certificates due 2021 (the “Trust Certificates”) and a cash payment for any and all of its outstanding 7.25% Senior Notes due 2020 (the “2020 Notes”) and the related offer to holders of 2020 Notes that were not eligible to participate in the 2020 Exchange Offer to exchange new 2022 Notes and a cash payment for their 2020 Notes (the “Ineligible Holders Offer”) and (ii) private offer to exchange (the “Concurrent Exchange Offer” and, together with the 2020 Exchange Offer and the Ineligible Holders Offer, the “Exchange Offers”) Trust Certificates, 8.00% Senior Secured Notes due 2022 and 12.00% Senior Secured Second Lien Notes due 2023 for its outstanding 7.000% Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.250% Senior Notes due 2021.

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Anavex Life Sciences Corp. (NASDAQ:AVXL) soared 17.67% at the trading price of $12.43 on a traded volume of 683,696.00 shares till now, whereas its average trading volume is 1.07 million shares. The Intra-day range for the stock is $11.06 and $12.00. The company has a total market capitalization of $331.21 million. Anavex Life Sciences Corp. (NASDAQ:AVXL) a clinical-stage biopharmaceutical company that is developing drug candidates for Alzheimer’s disease, other central nervous system (CNS) diseases, pain, and various types of cancer, will visit the Nasdaq MarketSite in Times Square to celebrate its recent listing on the Nasdaq Capital Market.

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UniPixel Inc (NASDAQ:UNXL) jumped up 17.14% at the $1.23 recently. The 52-week range for the stock is $0.88 and $8.50. Its introductory price for the day was $1.44, with the overall traded volume of 802,679.00 shares. UniPixel Inc (NASDAQ:UNXL) a provider of Performance Engineered Films™ to the touchscreen and flexible electronics markets, announced that it has received a pre-production order from a major PC OEM for a 10 inch tablet product. This order follows earlier engineering samples delivered for this application. Mr. Brett Gaines, vice president of sales and marketing, commented, “We are pleased that the earlier engineering samples delivered to this Japanese PC and consumer electronics manufacturer have resulted in a follow-on pre-production purchase order. While this pre-production order does not guarantee that this sensor will eventually enter mass production with this customer, we are excited about moving this opportunity forward to the next step.”

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