On Tuesday, Shares of Biostar Pharmaceuticals Inc (NASDAQ:BSPM), added 14.21% and closed at $4.26 in the last trading session. BSPM stock opened its last trade at $3.56 and after floating in a range of $3.55 to $5.00. The company’s Market capitalization is $10.20 million with the total Outstanding Shares of 2.64 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.08 and reached to max level of $7.06. The Earnings per Share of the company stands at $-14.47. Biostar Pharmaceuticals, Inc. (BSPM) (“Biostar”), a PRC-based manufacturer and marketer of pharmaceutical and health supplement products in China, declared recently that it accomplished the sale of 425,000 shares of common stock at the price of $4.50 per share, and warrants to purchase 212,500 shares of common stock to institutional shareholders for gross proceeds of about $1.91 million. The warrants will be exercisable six months and one day from the date of the closing of the offering at an exercise price of $5.55 per share and expire 3 1/2 years from the date of issuance.
FT Global Capital, Inc. acted as the exclusive placement agent for the offering. Biostar plans to use the net proceeds of this offering for working capital and general corporate purposes.
Shares of Ocwen Financial Corp (NYSE:OCN), gained 7.56% and closed at $3.84 in the last trading session. OCN stock opened its last trade at $3.65 and after floating in a range of $3.62 to $4.05. The company’s Market capitalization is $461.88 million with the total Outstanding Shares of 123.99 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.29 and reached to max level of $8.34. The Earnings per Share of the company stands at $-3.93. Ocwen Financial Corporation (OCN), a leading financial services holding company, and NID Housing Counseling Agency (NID), a U.S. Department of Housing and Urban Development (HUD)-approved counseling organization headquartered in Oakland, CA, will host a borrower outreach event on Saturday, October 8, 2016 in Sacramento, California. The Sacramento Chapter of NAACP is teaming up with Ocwen and NID for this event to ensure a strong turnout of Ocwen customers.
The event will be held from 8:00 a.m. 2:00 p.m. at 2863 35th Street in Sacramento, across from Guild Theater. Admission and parking are free for all attendees. RSVPs are not required.
Ocwen customers, who are struggling to meet their mortgage obligations, will have the opportunity to meet one-on-one with Ocwen Home Retention Agents and NID housing counselors to discuss loan modification options that could assist lower their mortgage payments.
“Ocwen understands that many Californians continue to struggle financially, have questions about their mortgages, and want to explore options to better afford their homes,” said Jill Showell, Senior Vice President of Government and Community Relations at Ocwen. “Our experience has shown that face-to-face meetings often provide the best forum for borrowers to fully understand what options are available. We are proud to be working with NID and the NAACP to bring responsible solutions to as many struggling borrowers as possible.”