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Unusual 11 Mid-Day Movers 08/29: (MILL) (NXG) (NBG) Higher; (PPP) (AUQ) (GA) Lower

August 29, 2011 1:23 PM EDT Send to a Friend
Miller Petroleum (NYSE: MILL) 39.7% HIGHER; seems to be breaking out above the 200-day moving average this afternoon. Miller announced Monday that a filing on July 29th was a "mistake by company personnel" and that no one "intentionally or knowingly" violated any securities laws.

Northgate Minerals Corporation (AMEX: NXG) 36.0% HIGHER; AuRico Gold Inc. has made an offer to buy Northgate on the basis of 0.365 AuRico common shares per Northgate common share.

National Bank of Greece SA (NYSE: NBG) 35.3% HIGHER; is trading up following this morning's merger of Greece's second and third largest banks, Alpha Bank and EFG Eurobank.

Central European Distribution (Nasdaq: CEDC) 33.3% HIGHER; investors buying today as Marki Kaoufman disclosed a 9.6 percent stake in the company Monday.

Star Scientific (Nasdaq: CIGX) 31.5% HIGHER; rebounding this week following a nearly 40 percent decline on Friday following news an Appeals court denied the company a patent infringement claim against Reynolds (NYSE: RAI).

Venoco, Inc. (NYSE: VQ) 30.5% HIGHER; received a non-binding proposal from Timothy M. Marquez, Chairman and CEO of the company to acquire all of the outstanding shares of Venoco common stock for $12.50 per share in cash.

Primero Mining Corp. (NYSE: PPP) 16.1% LOWER; announced today that the arrangement agreement with Northgate Minerals Corporation, dated July 12, 2011, has been terminated.

AuRico Gold (NYSE: AUQ) 13.8% LOWER; buying Northgate Minerals.

Giant Interactive Group, Inc. (NYSE: GA) 7.3% LOWER; shares have been relatively volatile over the last several weeks. Volume on the move today is heavier than normal. Could be reacting slightly to reports that Zynga, another online gaming provider, is delaying its IPO by a month or two. Notably, the stock price moved below the 200-day moving average early this morning.

Flagstar Bancorp Inc. (NYSE: FBC) 3.2% LOWER; could be reacting to the resignation of Board Member James D. Coleman last Friday.

China Life Insurance Co. Ltd. (NYSE: LFC) 3.5% LOWER; had been considered as a potential buyer for a portion of Bank of America's (NYSE: BAC) China Construction Bank (CCB) stake.

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