Stock Market Watch

Three Cheap AMEX Stocks in Play: AEN, API, and CFW

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Adeona Pharmaceuticals, Inc. (AMEX:AEN) has traded as high as $1.24 during today’s trading session and last traded at $1.19 for a gain of 21.43% from yesterday’s close. AEN has traded as high as $2.25 over the past 52 weeks and at last share price is still 47% off that high. Get my next ALERT 100% FREE

AEN-100 is Adeona’s patent-pending gastroretentive, sustained-release oral zinc drug candidate intended for indications in which high dose zinc therapy may be appropriate. Based upon prior studies conducted by Adeona, the Company believes that AEN-100 provides far superior gastrointestinal tolerability and once-daily dosing convenience compared to existing zinc therapy products. Gastrointestinal tolerability (namely, nausea and vomiting) represents a major dose limiting factor of oral high dose zinc therapy.

Adeona also intends to file for orphan drug protection with the Food & Drug Administration (FDA) in the U.S. and European Medicines Agency (EMEA) in the E.U, which may provide for marketing exclusivity for a period of seven and ten years, respectively, following approval. In ALS, there is a demonstrated zinc binding defect of the ALS-implicated protein known as copper/zinc superoxide dismutase (SOD-1) as well as a demonstrated sequestration of zinc in the Lewy body-like hyaline inclusions that are characteristic of ALS. [ii]


Advanced Photonix, Inc. (AMEX:API) last traded at the high of today’s trading session at $.6448 for a gain of 21.89% from yesterday’s close. AEN has traded as high as $2.74 over the past 52 weeks and at last share price is still over 76% off that high.

API is a leading supplier with a broad offering of optoelectronic products to a global customer base. We provide optoelectronic solutions, high-speed optical receivers and terahertz instrumentation for telecom, homeland security, military, medical and industrial markets. With our patented technology and state-of-the-art manufacturing we offer industry leading performance, exceptional quality, and high value-added products to our OEM customer base. For more information visit us on the web at www.advancedphotonix.com.

Cano Petroleum, Inc. (AMEX:CFW) has traded as high as $.225 during today’s trading session and last traded at $.195 for a gain of 39.26% from yesterday’s close. AEN has traded as high as $.849 over the past 52 weeks and at last share price is still over 77% off that high.

Cano Petroleum, Inc. is an independent Texas -based energy producer with properties in the mid-continent region of the United States. Canos primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Additional information is available at www.canopetro.com.

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Post Written By: Oliver Crowne

Oliver Crowne is the main editor for http://www.StockPreacher.com


Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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