You Don’t Want to be Late on These: PAL, AEN, PDO

Trends, Charts and Exclusive Opinion

Three SmallCaps Priced Right

PAL: One Zone can Provide 10 Years of Opportunities

AEN: Extending Hartlab Capabilities Underway  

PDO: Revenue up 69% Y-O-Y

First up this morning we have North American Palladium Limited (PAL) http://www.napalladium.com/ currently trading in the $4.35 range. PAL has a 52-week high of $5.35 set on 04-20-10. PAL explores and mines platinum group metals, gold, silver, nickel, copper, and other base metals in Canada. The PAL principal property is the ‘Lac des Iles palladium’ mine consisting of an open pit mine, an underground mine, and processing facilities located in the Thunder Bay District, Ontario. PAL also operates the Sleeping Giant gold mine located in the Abitibi region in Quebec, Canada. PAL also owns other mineral properties. At the Company’s Lac des Iles palladium mine, recent results of the first tranche of drill results from a 53,000 metre 2010 drill program underway at the mine were revealed by management. “The positive drill results from our 2010 exploration program to date confirm our belief that there remains considerable exploration upside at the mine. These results support our organic growth strategy, suggesting that we will be able to extend mining in the Roby Zone beyond two years, and that the Offset Zone will provide at least an additional 10 years of mining at an annualized production rate in the range of 250,000 ounces per year", said William J. Biggar, President and CEO of PAL. “With permits, mine infrastructure and mill facilities already in place, we are confident that we can move from exploration success to production on an accelerated timeline," noted Mr. Biggar. Since the beginning of 2010, four drills have completed 63 holes totaling 20,500 meters. $1 off its high, PAL is a short-term (6 Mo) ‘Buy’ consideration for me.

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Next up this morning we have Adeona Pharmaceuticals Inc., (AEN) http://www.adeonapharma.com/ currently trading in the $1.38 range. AEN has a 52-week high of $2.70 set on 04-14-10. The first thing you notice about AEN is that it has an impressive drug candidate pipeline; the second thing is that it is currently priced at half its high. On Tuesday, AEN announced that its wholly-owned CLIA-certified clinical testing subsidiary, HartLab, has expanded its in-house diagnostic testing services to include a full array of microbiology testing.  AEN believes that that this expansion of services will be accretive to HartLab's revenues in the current quarter and beyond and is consistent with AEN’s strategy to build the revenues of its HartLab subsidiary. On Monday, AEN announced the completion of 50% enrollment in Part 2 of its clinical study, A Prospective, Randomized, Double Blind Trial of a Novel Oral Zinc Cysteine Preparation in Alzheimer's Disease (CopperProof-2). The CopperProof-2 study represents the first controlled clinical study of oral zinc cysteine for the dietary management of Alzheimer's disease and mild cognitive impairment.  Part 2 of the CopperProof-2 study is designed as a 60-subject comparator study. Subjects are randomized on a 50:50 basis to receive either Zinthionein ZC or a matching placebo. After 3 and 6 months on clinical trial material, serum measurements of zinc and copper are taken, and any changes in cognitive function using standard clinical tests used in Alzheimer's disease and mild cognitive impairment are recorded. AEN is currently undervalued and is a long-term (1 Yr) ‘Buy’ consideration for me.

And finally this morning we have Pyramid Oil Company (PDO) http://www.pyramidoil.com/ currently trading in the $5.28 range with current trailing twelve month revenues of +$0.04. PDO has a 52-weeek high of $7.70. PDO holds oil and gas property interests primarily in California, as well as in New York, Wyoming, and Texas. Earlier this week PDO posted its Q1 resullts: Revenue increased 69% to $1.0 million from $594,000 in the first quarter last year. The increase resulted from higher average crude oil prices, which increased $36.73 per barrel of oil equivalent to $75.55 from $38.82 per average in the first quarter a year ago. Net income was $181,000, or $0.04 per share, an improvement of $370,000 versus the net loss of $189,000, or $0.04 per share, reported in the comparable year-ago quarter. PDO is a long-term ‘Buy’ consideration for me.

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