Posts Tagged ‘VRNM’

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 [...]