PREMARKET ALERT: Verenium (VRNM)
Verenium Corp. (Nasdaq: VRNM) are up 29 percent to 73 cents a share on early volume of about 1,000 shares. But it is not a stock that normally trades much in the premarket at all. The company announced a joint venture with BP (BP) to commercialize cellulosic ethanol. The company is also developing a second [...]
Price/Volume Spike Alert: Verenium Corp. (VRNM, BP)
Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading. The company signed a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months. The market cap before today’s spike [...]
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