PicksThatMove.com Announces Investment Opinion on Nexmed Inc., Bank of Montreal, Temex Resources Corp., CIBC, Mirasol Resources Ltd. and China Health Resources Inc.

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posted: 1 DAY 13 HOURS AGO

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The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com

Nexmed Inc. (NASDAQ: NEXM), $0.276, +$0.08, 40.71%, is a pharmaceutical and medical technology company with a focus on developing and commercializing therapeutic products based on its proprietary NexACT® drug delivery technology. Nexmed is making gains today reaching a high of $0.34. Last company announcement confirmed that it raised $750,000 in gross proceeds from the issuance of new convertible notes due December 31, 2011. The convertible notes are secured by a mortgage on NexMed's facility in East Windsor, New Jersey.

Bank of Montreal (TSX: BMO), $54.16, +$0.61, 1.14%, is making gains today with over 2.7 million shares traded so far compared to yesterday’s volume of 2.8 million. BMO, a financial institution, reported on its fourth quarter results with net income of $647 million, up $87 million or 16% from a year ago. Revenue increased 6.3% and expenses were reduced by 2.2% from the same period last year. Fiscal net income was reported at $1.787 million, compared to $1.978 million a year ago. BMO also declared a quarterly dividend of $0.70 per common share for the first quarter of fiscal year 2010.

Temex Resources Corp. (TSXV: TME), $0.25, +$0.03, 13.64%, based in Ontario, is a company in the business of acquisition, exploration and development of properties for the mining of precious metals and diamonds. Temex is trading near its high of $0.28. Temex announced the discovery of a number of new gold occurrences, including high grade results of 112.29 g/t and 49.75 g/t gold on the Latchford Gold Project. Ian Campbell, President and CEO, confirmed “The results reported today are the highest gold grades yet from a bedrock source within this new trend and clearly indicate the presence of a gold-copper alteration system in a similar geological environment to the Cobalt Silver Camp just to the north."

Canadian Imperial Bank of Commerce (TSX: CM), $69.08, +$0.83, 1.22%, is a financial institution serving clients in Canada and on a global scale. CIBC reached a high of $69.15 today. Last company announcement advised of the change in its mortgage rates. Six-month convertible, open and one-year closed rates remained unchanged; one-year, two-year and three-year closed went down 0.20 percent, four-year closed down 0.10 percent, five-year closed down 0.25 percent, seven-year closed down 0.15 percent and ten-year closed down 0.15 percent.

Mirasol Resources Ltd. (TSXV: MRZ), $1.06, +$0.39, 58.21%, has gained over 50% in its share price with 1.4 million shares trading hands, compared to yesterday’s close of 101,000. The company reached a high today of $1.20. Mirasol announced the partial results of its third phase of drilling from the La Negra zone at its Joaquin Project, in southern Argentina. These results show the highest grade intercept drilled to date at Joaquin comprising 25.4 meters of 1,164 grams per tonne (g/t) silver and 0.21 g/t gold including a very high grade interval of 3.3 metres of 7,753 g/t silver and 1.17 g/t gold.

China Health Resources Inc. (OTCBB: CHRI), $0.03, +$0.016, 114.29%, is trading at gains of 114% reaching a high today of $0.04. The company, based in China, is involved in the development, manufacture, processing, marketing, and sale of the Dahurian Angelica Root (DAR) and related products. China Health advised earlier this month that they will be unable to meet the SEC’s deadline for filing their Q-10 report.

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PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please follow us on Twitter and Facebook for further investment updates. We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366.