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Armco Metals Holdings, Inc (NYSE:AMCO)’s shares fell 14.96% to $0.21. The company on July 8 announced that its Armco (Lianyungang) Renewable Metals, Inc. subsidiary (“Renewable Metals”) was included in a list of companies having received approval for operation according to the “Standards of Entering the Scrap Steel Processing Industry” published by China’s Ministry of Industry and Information Technology published on June 16, 2014.

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On Sep 28, 2012, the Ministry of Industry and Information Technology of the People’s Republic of China announced the “Standards of Entering the Scrap Steel Processing Industry”.

USEC Inc. (NYSE:USU)’s shares jumped 3.78% to $4.94. The company on July 7 announced that it will soon begin soliciting holders of USEC’s convertible notes as well as its two preferred stockholders for votes on the Company’s Plan of Reorganization following today’s hearing and order by Judge Christopher S. Sontchi in the United States Bankruptcy Court for the District of Delaware. USEC filed the Disclosure Statement describing the Plan of Reorganization with the court on March 5, 2014, and updated it on June 19.

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China BAK Battery, Inc. (NASDAQ:CBAK)’s shares jumped 7.83% to $3.72. The company on July 7 disclosed in a regulatory filing that, to repay its overdue bank loans, Shenzhen BAK Battery Co., a wholly-owned subsidiary of the company, borrowed from Jinghui Wang an aggregate of RMB520M, or approximately $85.9M, in December 2013 and January 2014, as previously disclosed. To secure the repayment of the loans, the company and the company’s wholly-owned Hong Kong subsidiary, BAK International Limited, separately entered into a corporate guarantee with Wang, under which each of the company and BAK International irrevocably and unconditionally guaranteed to the lender timely performance by Shenzhen BAK of its obligation to repay the loans.

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Digital Ally Inc. (NASDAQ:DGLY)’s shares dropped 15.12% to $5.22. The company on July 10 announced that it has been notified by the U.S. Patent and Trademark Office (“USPTO”) that its initial patent (No. 8,781,292) on its VuLink connectivity system has been approved and will issue on July 15, 2014. The Company also announced that it has begun shipping the new product to law enforcement customers. The VuLink allows the Company’s Digital In-Car Video Systems and its FirstVU HD Body Camera to seamlessly work together, providing law enforcement with a fully integrated audio/video record of activities and/or evidence collection in the field, whether inside, in close proximity to, or up to 200 feet away from the officer’s vehicle.

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Doral Financial Corporation (NYSE:DRL)’s shares climbed 4.99% to $5.47. Pomerantz LLP on July 11 has filed a class action lawsuit against Doral Financial Corporation and certain of its officers. The class action, filed in United States District Court, District of Puerto Rico, and docketed under 3:14-cv-01414, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Doral securities between April 2, 2012 and May 1, 2014 both dates inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

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KiOR Inc (NASDAQ:KIOR)’s shares fell 5.56% to $0.34. The company is considering selling itself after missing a $1.88 million loan payment. The company hired Guggenheim Securities LLC to advise it on strategic options including “a possible merger, restructuring or sale of the company,” according to a filing with the U.S. Securities and Exchange Commission on July 10. Kior failed to make the semi-annual payment June 30, and has signed a forbearance agreement with the state of Mississippi.

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Additionally, the company presented interim phase 1 clinical data from SGN-CD19A, an antibody-drug conjugate (ADC) in development for the treatment of B-cell malignancies, at the American Society of Clinical Oncology (ASCO) 50th Annual Meeting being held May 30 to June 3, 2014 in Chicago, IL. SGN-CD19A is an ADC targeting CD19, a protein expressed on B-cell malignancies.

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USEC Inc. (NYSE:USU)’s shares dropped 3.04% to $5.43. The company on July 7 announced that it will soon begin soliciting holders of USEC’s convertible notes as well as its two preferred stockholders for votes on the Company’s Plan of Reorganization following today’s hearing and order by Judge Christopher S. Sontchi in the United States Bankruptcy Court for the District of Delaware. USEC filed the Disclosure Statement describing the Plan of Reorganization with the court on March 5, 2014, and updated it on June 19. No objections were raised prior to today’s hearing.

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Quest Rare Minerals Ltd Common Shares (Canada) (NYSEMKT:QRM)’s shares declined 15.49% to $0.24. The company on May 1 announce the appointment of Pierre Lortie as a Director of the Company. His experience and background will be of immense benefit to Quest as the company develops its Strange Lake Project. Pierre Lortie is a Senior Business Advisor at Dentons, a major international law firm recognized as a leader in corporate law.

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