MIAMI, FL -- (Marketwire) -- 08/25/09 -- Stock Market Alert`s performance stock list includes: China Armco Metals, Inc. (OTCBB: CNAM), Verizon Communications Inc. (NYSE: VZ), BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) and Yahoo! Inc. (NASDAQ: YHOO).
Breaking News: China Armco Metals, Inc. (OTCBB: CNAM) completes construction of metal recycling facility, and expects to commence full operations in December of 2009. This morning the company, a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China, issued a press release announcing that Armet Renewable Resources Co, Ltd. ("Armet"), the Company's wholly owned subsidiary, has completed construction of its scrap metal recycling facility. Armet expects to take delivery and complete installation of its first Metso Linndermann shredder at the new facility in October of 2009.
Management anticipates it will commence operations at its 1 million ton recycling facility in December of 2009. It is anticipated that the metal recycled by Armet will be sold for use in the production of steel within China. China is currently the largest producer and consumer of steel in the world.
Kexuan Yao, Chairman and CEO of China Armco Metals, Inc., commented, "We are very excited to have completed construction of our Metal Recycling facility and look forward to the installation of the shredding equipment in October of this year. We anticipate the facilities testing will be completed in November and look forward to launching full operations of this one million metric ton facility in December of 2009.
Last week, the company reported that Armet Renewable Resources Co, Ltd. (Armet) received $13 million 3 year Line of Credit from the Bank of China on August 11, 2009. The terms of the credit line allow for approximately $2.9 Million to be used for working capital for the operation of its metal recycling operations with the balance to be used for fixed asset purchases associated with its recycling project.
The stock closed yesterday at $3.50 cents a share.
For an in-depth profile of China Armco Metals, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.
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Verizon Communications Inc. (NYSE: VZ) up 0.1% on 8.6 million shares traded. Verizon Communications Inc., headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network.
BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) up 25.3% on 8.9 million shares traded. BioCryst Pharmaceuticals designs, optimizes and develops novel small-molecule pharmaceuticals that block key enzymes involved in oncology, infectious and autoimmune diseases. BioCryst has two product candidates in pivotal clinical trials; peramivir, an anti-viral for influenza, and forodesine, a purine nucleoside phosphorylase (PNP) inhibitor for cutaneous T-cell lymphoma (CTCL).
Yahoo! Inc. (NASDAQ: YHOO) up 1.3% on 26.1 million shares traded. Yahoo! Inc. is a leading global consumer brand and one of the most trafficked Internet destinations worldwide. Yahoo! is where millions of people go every day to see what is happening with the people and things that matter to them most. Yahoo! helps marketers reach that audience with its unique and compelling advertiser proposition.
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