Morning Movers 08/29: (MILL) (NXG) (NBG) (CIGX) (QPSA) Higher; (AUQ) Lower

August 29, 2011 10:46 AM EDT
Miller Petroleum (NYSE: MILL) 45.4% HIGHER; seems to be breaking out above the 200-day moving average this morning. The company 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) 37.8% 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) 32.9% HIGHER; is trading up 32 percent to $1.10 following this morning's merger of Greece's second and third largest banks, Alpha Bank and EFG Eurobank.

Star Scientific (Nasdaq: CIGX) 23.3% 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).

Quepasa.com (Nasdaq: QPSA) 17.3% HIGHER; after gapping above the 200-day average at the open, the stock took off after breaching a resistance level at around $4.50.

Central European Distribution (Nasdaq: CEDC) 12.6% HIGHER; investors buying today, following in holder Marki Kaoufman who disclosed a 9.6 percent stake in the company this morning.

AuRico Gold (NYSE: AUQ) 12.1% LOWER; buying Northgate Minerals.

Dresser-Rand Group (NYSE: DRC) 11.6% HIGHER; CapitalOne upgraded the stock from Neutral to Add, price target increased from $52 to $54

Java Holdings (Nasdaq: JVA) 11.6% HIGHER; may be rising today as the ICE said Hurricane Irene caused no damage coca or coffee supplies.

Travelzoo (Nasdaq: TZOO) 11.6% HIGHER; traders buying the online travel group this morning as Hurricane Irene will likely be less damaging than assumed last week.

QLT Inc. (Nasdaq: QLTI) 10.4% HIGHER; today announced results of its Phase II clinical study on the efficacy and safety of the Latanoprost Punctal Plug Delivery System in subjects with ocular hypertension and open-angle glaucoma.

Sino Clean Energy (Nasdaq: SCEI) 10.4% HIGHER; the company announced it has signed a Memorandum of Understanding and a preliminary engineering, procurement, and construction agreement with Nathalin Welstar Energy, Company Limited for cooperation in the construction of a coal water slurry plant in Thailand.

Radian Group (NYS:E RDN) 10.2% HIGHER; the insurance group is rebounding nicely this morning as Hurricane Irene turned out to be less damaging than traders were pricing in last week.

Orbitz (NYSE: OWW) 9.8% HIGHER; see Travelzoo.

MGIC Investment (Nasdaq: MGIC) 9.4% HIGHER; the insurance group is rebounding nicely this morning as Hurricane Irene turned out to be less damaging than traders were pricing in last week.

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