Coffee Holding Co., Inc.(NASDAQ: JVA) shares gained 13.12% to $7.93 in the morning hour. The company has announced an ex-dividend date of December 13, 2012 and a cash dividend payment of $0.06 per share scheduled for December 28, 2012. Shareholders who purchased JVA stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Enzon Pharmaceuticals, Inc.(NASDAQ: ENZN) stock increased 5.04% to $4.80 after the company said its Board of Directors have retained Lazard to act as its financial advisor regarding a review of the possible sale or disposition of corporate assets, or a sale of the company. Enzon will suspend any ongoing clinical developments so as to conserve capital and maximize value returned to shareholders.
Cambrex Corporation(NYSE: CBM) stock fell 0.62% to $11.31. The company announced that the Cambrex Charles City facility (Charles City, IA) has been recognized for exemplary efforts in improving its environmental, health, safety and security (EHS&S) programs by the Society of Chemical Manufacturers and Affiliates' (SOCMA). Cambrex participates in SOCMA's ChemStewards program, which encourages companies to operate their facilities in an environment that promotes safety and environmental compliance to all stakeholders.
Lexicon Pharmaceuticals, Inc.(NASDAQ: LXRX) shares climbed 9.01% to $2.03 in the early hour. The company said it has received a Fast Track status from the U.S. Food and Drug Administration for the development of LX1033. LX1033 is an oral drug candidate for diarrhea-predominant irritable bowel syndrome, or IBS-d, and is currently being evaluated in a Phase 2 clinical trial. The Phase 2 trial is a randomized, double-blind study designed to ensure safety and efficacy of LX1033 versus placebo in approximately 360 patients. The results are expected to come out in the first-half of 2013.
Tronox Ltd(NYSE: TROX) shares increased 7.17% to $16.90. The company’s creditors concluded their case for recovering at least $14 billion in damages from Anadarko Petroleum Corp. (APC)’s Kerr-McGee unit over a spinoff they say drove Tronox into bankruptcy. David Zott, an attorney for a litigation trust, delivered a closing argument today in a trial started in May in U.S. Bankruptcy Court in Manhattan over the unit’s sale. The trust is charged with pursuing claims stemming from the deal on behalf of Tronox creditors.
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