Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: NQ) NQ Mobile Inc. $8.10 $10.00 $19.51 $21.73 Wk-H: $22.52
- global mobile Internet services, "Music Radar" App Revolutionizes Music Search in China
(NYSE: RALY) Rally Software Development Corp. $22.30 $30.66 Wk-H: $31.62
- cloud-based solutions to manage Agile software, to Present at Deutsche Bank Technology Conference; Q2-F14 Record Total Revenue +45%
(NYSE: ANFI) Amira Nature Foods Ltd. $8.79 $11.51 Wk-H: $11.88
- a leading global provider of packaged Indian specialty rice, Aug. 26 Q1 F-2014 Finl. Results: $110.3M Rev. +37.6%, $14.5M EBITDA +42.4%
(NYSE: HNR) Harvest Natural Resources Inc. $3.58 $5.16 Wk-H: $5.60
- O&G co. with Venezuela operations, Indonesia, West Africa and China exploration, Negotiations to Sell Company with Assets Spin-off
(NYSE: MPO) Midstates Petroleum Company Inc. $5.61 Wk-H: $5.98
- focused on underdeveloped hydrocarbon trends in Oklahoma, Texas and La., Operational Update: Total Production Now Approx. 30K BOEPD
NYSE MKT AMEX
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 $12.65 $14.07 $15.15 Wk-H: $18.20
- founded in 1942, a generic pharmaceutical co. for a wide range of medical indications, to Report F-2013 Q4/FY Results & Conf. Call Sept. 10
(AMEX: GST) Gastar Exploration Ltd. $1.59 $1.97 $2.55 $3.50 $3.94 Wk-H: $4.39
- focused on U.S. O&G shale plays, to Present at the Euro Pacific Capital Global Investment Conference in New York
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 $2.36 Wk-H: $2.81
- patented technology for neural stem cells of human brain/spinal cord, First Patient Treated In Phase II Of Neuralstem ALS Stem Cell Trial
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 $6.82 $7.16 Wk-H: $7.45
- O&G co. focused in Alta., B.C. & Sask., Commits $100M to $244M JV in Notikewin/Falher in Willesden Green Area & Cardium in Brazeau Area
(AMEX: UQM) UQM Technologies Inc. $1.31 $1.31 $1.67 Wk-H: $1.89
- makes efficient electric motors, generators and power controllers for vehicles, marine/military, to Present at Global Investment Conference
(AMEX: TPLM) Triangle Petroleum Corporation $6.60 $8.82 Wk-H: $9.10
- 86K net acres in the Bakken Shale/Three Forks formations in Williston Basin N. Dakota/Montana, Financial Results & Oper. Updates Q2 FY-14
(AMEX: CAK) CAMAC Energy Inc. $0.915 Wk-H: $0.99
- offshore O&G leases in deep water Nigeria, Kenya and The Gambia, Commencement of Drilling Operations at Oyo-7 Well
NASDAQ
(NASDAQ: GRPN) Groupon Inc. $5.00 $6.23 $7.73 $9.13 $10.60 $11.75 Wk-H: $12.17
- a global leader in local commerce at unbeatable prices, Acquires Last-Minute Travel App Blink, a leading European destination for hotel deals
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 $4.98 $6.78 $10.85 Wk-H: $13.21
- focused on liver disease and cancer, Receives US Patent for Potential Ground-Breaking Treatment for Fatty Liver Disease
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 $1.51 $2.96 $3.58 Wk-H: $3.66
- a global leader in FTTx network access solutions, Telecom Namibia Leverages Zhone Technologies for Advanced Broadband Services
(NASDAQ: DRYS) DryShips Inc. $2.29 $3.03 Wk-H: $3.22
- operates drybulk carriers/tankers worldwide plus offshore deepwater drilling services, Ocean Rig Financing, Fleet & Contract Developments
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 Wk-H: $1.74
- developer of oxygen-carrying therapeutics, Issued U.S. Patent for Dermatologic Indications, Marks Company's 9th Patent Issued
(NASDAQ: VTUS) Ventrus Biosciences Inc. $2.97 Wk-H: $3.75
- focused on gastrointestinal products, Positive Results From Clinical Dermal Safety and Pharmacokinetic Studies of Diltiazem (VEN 307)
(NASDAQ: OCLR) Oclaro Inc. $1.46 Wk-H: $1.71
- optical communications solutions, Q4/FY13 Results Mon.; Sells Zurich Gallium Arsenide Laser Diode Business to (NASDAQ: IIVI) for $115M
OTCBB
(OTCBB: LBMH) Liberator Medical Holdings Inc. $1.59 $1.95 Wk-H: $2.10
- direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors, 3rd Consecutive $0.03/share Cash Dividend Sept. 26
(OTCBB: WTER) The Alkaline Water Company Inc. $0.77 $0.91 Wk-H: $1.31
- proprietary electrolysis beverage process, LOI to Purchase North Carolina Bottling Plant to Meet Production for a Growing Marketplace
TSX (quote T. and ticker symbol)
(TSX: TRZ.B)(TSX: TRZ.A) Transat A.T. Inc. $8.24 $9.90 Wk-H: $11.15
- one of the world's largest tour co's, Canada's holiday travel leader, Q3-13 Stronger margin & net income, on its way to return to profitability
(TSX: AIF) Altus Group Limited $11.91 Wk-H: $12.36
- world's leader in real estate software solutions, ARGUS Software Launches the Next Generation of ARGUS Enterprise & ARGUS Valuation DCF
(TSX: IAE) Ithaca Energy Inc. $2.35 Wk-H: $2.43
- North Sea O&G operator focused on lower risk growth via UK undeveloped discoveries, Stella Development Well - Successful Test Results
(TSX: STP) Southern Pacific Resource Corp. $0.55 Wk-H: $0.60
- in-situ thermal heavy oil and bitumen production in Alberta's Athabasca oil sands and Senlac Sask., July Operational Update
(TSX: OMI) Orosur Mining Inc. $0.28 Wk-H: $0.28
- gold producer/exploration co. focused on South America with the only producing gold mine in Uruguay, Q1 Production (up) & Costs (down)
TSX Venture (quote V. and ticker symbol)
(TSXV: CCB) Canada Carbon Inc. $0.145 $0.16 $0.215 $0.27 Wk-H: $0.30
- VTEM Survey Identifies 300 Metre Long Electromagnetic Anomaly on Miller Hydrothermal Lump/Vein Graphite Property
(TSXV: RFC) RIFCO Inc. $5.01 $5.99 Wk-H: $6.22
- provides automobile loans through its dealership network across Canada, Announces Election of Directors; Record Q1 Results
(TSXV: FLY) FLYHT Aerospace Solutions Ltd. $0.255 $0.38 Wk-H: $0.39
- a leading provider of real-time data communications technology for the aviation industry, Stock Options; AFIRS 228 certification
(TSXV: XOP) Canadian Overseas Petroleum Limited $0.23 $0.295 Wk-H: $0.33
- O&G co. focused on offshore Liberia, to present at the FirstEnergy/Societe Generale Global Energy Conference in London
(TSXV: CKR) Caribou King Resources Ltd. $0.065 Wk-H: $0.09
- 7 newly-acquired graphite projects, Multiple EM Conductors Identified at Mulloy Graphite Near (V.ZEN) Zenyatta Ventures' Albany Project
(TSXV: BG) Barisan Gold Corporation $0.08 Wk-H: $0.08
- two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, Begins Drilling at Upper Tengkereng
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
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Saturday, September 14, 2013
Friday, September 13, 2013
HEU Has Ended—What Now? Uranium Shorts Potential Squeeze - InvestorsGuru.com
Where's The U.S.' U3O8—Now That Russia's Down-Blend Is Complete?
A recent World Nuclear News article—Russia completes Megatons to Megawatts work—appears to answer any doubts whether the long-standing uranium down-blend program between the U.S. and Russia is really ending this year. When I say really ending this is just my suspicious side wondering if I'm missing something with the U3O8 spot price now at 8-year lows as it hovers around $34/lb.
The market has known for a while that the end of this utility supply program may significantly boost both near and long-term uranium prices—removing ~24M lbs. per year from an already tight market that annually consumes more than it mines. To make supply matters worse, mines have been deferred due to low prices while demand is expected to rise as Japan's reactors start coming back online later this year, and with the number of reactors worldwide set to more than double by 2030.
The August 29 article says that the final shipment of low-enriched uranium (LEU) from TVEL's JSC Electrochemical Plant (ECP) marks the completion of Russia's 20-year commitment to down-blend weapons-grade uranium. An August 21 picture shows the final canisters of LEU leaving the ECP plant by rail on route to St. Petersburg, to then be shipped to the USA.
Formally known as the HEU Agreement—contracted in 1994 between the US Enrichment Corp. (later privatized as USEC Inc. which I'll mention later) and Techsnabexport (Tenex)—since 2000 the program has been under the U.S. National Nuclear Security Administration (NNSA). To date 500 tonnes of Russian weapons-grade HEU—equivalent to 20,000 warheads—have been down-blended into 15,259 tonnes of LEU, and has provided about 10% of U.S. electricity over the past two decades.
This short article should beg investors to start asking how U.S. nuclear utilities intend to make this up? If you are thinking 10% doesn't seem like that big of a shortfall, then start thinking 50% as the total percentage of U.S. electricity supplied by nuclear power is about 20%. In other words the HEU program fuelled 10% of all U.S. electricity, which is half of the amount supplied by nuclear power.
The United States has the worlds largest fleet of nuclear power reactors with 100 operable, 3 under construction, 9 planned and 15 proposed, as of July 2013. Nuclear power plants provide reliable low-cost electricity with no greenhouse gas emissions, but they are multi-decade capital projects costing billions per reactor that are dependent on long-term uranium supplies—there is no fuel substitute!
With the HEU program almost done, nuclear utilities will have to buy more U3O8 on the open market or enter into more off-take supply agreements with uranium miners—both could spell substantially higher uranium prices. When you have an already tight market, with supply shrinking even as demand is growing, at some point the market's pricing mechanism has to kick in to find its equilibrium.
If uranium prices don't rise soon, not only will it be next to impossible to fund new discoveries or to develop deposits, more producing mines will close. Uranium is radioactive and highly regulated, meaning that this mining supply tap takes substantially longer to turn back on than for other mines.
This begs the question how many uranium miners have already committed their future production to a nuclear utility—to secure financing, or to avoid falling prices? This might explain why there is such a large $20 gap between the U3O8 spot price and long-term prices which are still around $55/lb.
Another question is how do the Russian's intend to replace the $13 billion in HEU revenues that Tenex has brought into Russia's federal budget? And what will become of Tenex's four ECP plants?
Nuclear power and uranium are important markets for Russia and for some of its nearby former soviet nations. The most recent uranium production table at world-nuclear.org shows that the top 7 out of 37 nations produced about 90% of the world's uranium last year. Kazakhstan was by far the largest producer with more than the next three—Canada, Australia and Niger—combined. Russia was only 7th, but with Kazakhstan and Uzbekistan these three alone represent 46%+ of world production.
I mention this just as an interesting observation; I have no idea if these countries even get along, let alone have any cartel-like ambitions. In any event Russia has been investing more, not less, in uranium production—soon to complete its takeout of the rest of (TSX: UUU) Uranium One Inc..
Russia needs all the uranium it can get as it expands its own fleet of nuclear power reactors with 33 operable, 10 under construction, 24 planned and 20 proposed. In addition Rosatom—Russia's state owned nuclear company—is promoting a special package deal to finance, build, supply and operate even more nuclear power plants worldwide.
Russia's nuclear power technology full-meal-deal with batteries-included is attractive to emerging nations like Turkey, Egypt, South Korea and others who have already signed long-term agreements. At $5B to $8B a pop per reactor, Russia might care less about the current low U3O8 price and any Rubles it might lose to the cost of mining—further straining future global uranium supplies.
Then there's China, which has been stockpiling uranium and securing its own supply—state-owned China Guangdong Nuclear Power Group bought Extract Resources last year for its rights to the Husab uranium deposits in Namibia, reputedly the fourth-largest in the world. China is the world's driver of future reactor builds with 17 operable, 28 under construction, 53 planned and 118 proposed.
The U.S. still has the world's largest fleet of nuclear power reactors that will require 18,983 tonnes of uranium this year—again to produce around 20% of its total electricity output. Uranium mining in the U.S. last year totalled 1,596 tonnes—only about 8% of its needs. Over half, around 11k tonnes, of the U.S.' uranium came from the HEU program—with its final delivery any day now!
With uranium prices still this low, there obviously was a bigger short-term supply overhang than at least I expected after Japan and Germany shut down its reactors after Fukushima. However with more reactors in the works today than ever before, and with countries like Russia and China tying up and needing large percentages of the world's uranium for themselves, how and where will the 100 U.S. nuclear power reactors source their own future uranium supplies starting next year—without driving prices considerably higher?
Uranium Miners' Potential Melt-Up
We all know that most metals and mining stocks—including uranium—sold off with gold earlier this year. Gold dropped sharply by around 15% to $1321.50/oz. in mid April, then bounced to the high $1,400s, flat-lined for a month just under $1,400, dropped sharply again in June by around 15% to $1,200, and has built back up to the low $1,300s since then. Uranium's slide was less dramatic than gold's in April, with its largest decline of 13% happening in July from around $40/lb. to $35/lb.
My point is that earlier this year most uranium mining stocks drifted in sync with falling U3O8, gold and other metals prices. However unlike gold and gold stocks which sank even further, uranium stocks stopped losing ground around mid to late April—even as the U3O8 spot price saw its biggest drop late in July. Why didn't uranium mining shares sell-off again?
When a mining group bases despite its underlying commodity price falling, this is often a key signal that market sentiment has finally swung the other way in anticipation of an upswing. This is not surprising in light of uranium's various positive catalyst events that have been playing out on cue.
Another key point is that after Fukushima, market sentiment for anything nuclear was so dismal that the whole uranium mining group got slaughtered to the point of becoming one of the most heavily shorted sectors—nuclear power growth and safety facts didn't matter. Shares of major producers are still down over 50%, with most smaller uranium miners down by up to 90%—or gone altogether.
The surprising part here is that despite the industry's fundamentals never looking better, most of these shorts seem to still be in place. When comparing these huge short positions to the total number of shares outstanding and the average daily trading volume, it appears that short covering rallies could become another potentially explosive upside catalyst—they have to cover sometime!
One specific example may have been (NYSE: USU) USEC Inc., which operates the only U.S.-owned uranium enrichment facility in the United States. We mentioned USU in our May 12 Filtered Mid-Day Market Movers Recap weekend newsletter after picking up on its trading action earlier that week at our website's daily Hot Sheet at $0.43.
The only news I could find to explain the action was their Q1-2013 Results—showing more losses—and that their American Centrifuge achieved two RD&D Program Milestones. USEC's stock was not even in compliance with the exchange's $1 minimum bid requirement at that time.
The NYSE asked the company multiple times about USU's trading, but USEC's policy is not to comment on unusual market activity. This was after USU's early July 1-for-25 reverse stock split—converting our earlier $0.43 post to $10.75. As a follow-up we posted USU again the last week of July and in our August 4 newsletter at $26.64, before it topped out at $29.12.
USU is now around $11/share and shows a split-adjusted 52-week low of $0.27 on July 1, and a high of $29.12 exactly four weeks later on July 29. NASDAQ shows 13,694,085 shares as the USU Short Interest on the June 28 Settlement Date, and 25.7 Days To Cover. The most recent August 30 report shows 963,856 shares short, taking 3.3 days to cover. If not a short-squeeze, then what am I missing?
The table below shows small-cap uranium miners with sizeable short interests and at least one mine in production or in development. Short data is from NASDAQ.com, stock prices are from our website.
With uranium stocks technically basing and starting to respond positively to news again, it will be interesting to see where these short positions eventually cover—will we see more USU style rockets?
Uranerz Energy Closes US$10 Million Bought Deal Financing
URZ traded up from $1.17 to as high as $1.64/share in July as construction advanced at Uranerz Energy's first ISR mine—located in the prolific Powder River Basin (PRB) of Wyoming; and on news that drilling of the company's first of two Deep Disposal Wells (DDW) had been completed.
Then after flatlining at the $1.30 level for a few weeks, the market didn't seem to like Uranerz' August 27 news release of a $10M financing at $1.17—taking URZ down to just over $1/share. Half-warrants attached allow the purchase of additional URZ stock at $1.60/share—potentially providing the company up to another $6.84M if exercised within 30-months after last Friday's closing.
While it's natural to hope for equity raises only at high prices, companies have to strike the best deal available to keep advancing their projects. Equity financing—if even available—is usually preferred because unlike debt it's not repayable, nor secured by assets. The alternative—especially in a weak market—is often exorbitant high-cost debt, which is just another form of shareholder dilution.
Uranerz' low-cost $20M state loan is still pending—queued with similar loans applied for before theirs. On June 7 URZ announced a $6M short-term note financing as a bridge to commence drilling of the DDWs at Nichols Ranch. Uranerz obviously thought their state loan would be processed by August 15—with the short-term note repaid—as the interest rate bumps up from 6% to 10% then.
Uranerz' news releases anticipate uranium production to commence around the end of this year. Now that this equity financing has closed, I wouldn't be surprised to see URZ start to trend higher again on construction updates, and as their last DDW gets completed—as their mine approaches the finish line.
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
A recent World Nuclear News article—Russia completes Megatons to Megawatts work—appears to answer any doubts whether the long-standing uranium down-blend program between the U.S. and Russia is really ending this year. When I say really ending this is just my suspicious side wondering if I'm missing something with the U3O8 spot price now at 8-year lows as it hovers around $34/lb.
The market has known for a while that the end of this utility supply program may significantly boost both near and long-term uranium prices—removing ~24M lbs. per year from an already tight market that annually consumes more than it mines. To make supply matters worse, mines have been deferred due to low prices while demand is expected to rise as Japan's reactors start coming back online later this year, and with the number of reactors worldwide set to more than double by 2030.
The August 29 article says that the final shipment of low-enriched uranium (LEU) from TVEL's JSC Electrochemical Plant (ECP) marks the completion of Russia's 20-year commitment to down-blend weapons-grade uranium. An August 21 picture shows the final canisters of LEU leaving the ECP plant by rail on route to St. Petersburg, to then be shipped to the USA.
Formally known as the HEU Agreement—contracted in 1994 between the US Enrichment Corp. (later privatized as USEC Inc. which I'll mention later) and Techsnabexport (Tenex)—since 2000 the program has been under the U.S. National Nuclear Security Administration (NNSA). To date 500 tonnes of Russian weapons-grade HEU—equivalent to 20,000 warheads—have been down-blended into 15,259 tonnes of LEU, and has provided about 10% of U.S. electricity over the past two decades.
This short article should beg investors to start asking how U.S. nuclear utilities intend to make this up? If you are thinking 10% doesn't seem like that big of a shortfall, then start thinking 50% as the total percentage of U.S. electricity supplied by nuclear power is about 20%. In other words the HEU program fuelled 10% of all U.S. electricity, which is half of the amount supplied by nuclear power.
The United States has the worlds largest fleet of nuclear power reactors with 100 operable, 3 under construction, 9 planned and 15 proposed, as of July 2013. Nuclear power plants provide reliable low-cost electricity with no greenhouse gas emissions, but they are multi-decade capital projects costing billions per reactor that are dependent on long-term uranium supplies—there is no fuel substitute!
With the HEU program almost done, nuclear utilities will have to buy more U3O8 on the open market or enter into more off-take supply agreements with uranium miners—both could spell substantially higher uranium prices. When you have an already tight market, with supply shrinking even as demand is growing, at some point the market's pricing mechanism has to kick in to find its equilibrium.
If uranium prices don't rise soon, not only will it be next to impossible to fund new discoveries or to develop deposits, more producing mines will close. Uranium is radioactive and highly regulated, meaning that this mining supply tap takes substantially longer to turn back on than for other mines.
This begs the question how many uranium miners have already committed their future production to a nuclear utility—to secure financing, or to avoid falling prices? This might explain why there is such a large $20 gap between the U3O8 spot price and long-term prices which are still around $55/lb.
Another question is how do the Russian's intend to replace the $13 billion in HEU revenues that Tenex has brought into Russia's federal budget? And what will become of Tenex's four ECP plants?
Nuclear power and uranium are important markets for Russia and for some of its nearby former soviet nations. The most recent uranium production table at world-nuclear.org shows that the top 7 out of 37 nations produced about 90% of the world's uranium last year. Kazakhstan was by far the largest producer with more than the next three—Canada, Australia and Niger—combined. Russia was only 7th, but with Kazakhstan and Uzbekistan these three alone represent 46%+ of world production.
I mention this just as an interesting observation; I have no idea if these countries even get along, let alone have any cartel-like ambitions. In any event Russia has been investing more, not less, in uranium production—soon to complete its takeout of the rest of (TSX: UUU) Uranium One Inc..
Russia needs all the uranium it can get as it expands its own fleet of nuclear power reactors with 33 operable, 10 under construction, 24 planned and 20 proposed. In addition Rosatom—Russia's state owned nuclear company—is promoting a special package deal to finance, build, supply and operate even more nuclear power plants worldwide.
Russia's nuclear power technology full-meal-deal with batteries-included is attractive to emerging nations like Turkey, Egypt, South Korea and others who have already signed long-term agreements. At $5B to $8B a pop per reactor, Russia might care less about the current low U3O8 price and any Rubles it might lose to the cost of mining—further straining future global uranium supplies.
Then there's China, which has been stockpiling uranium and securing its own supply—state-owned China Guangdong Nuclear Power Group bought Extract Resources last year for its rights to the Husab uranium deposits in Namibia, reputedly the fourth-largest in the world. China is the world's driver of future reactor builds with 17 operable, 28 under construction, 53 planned and 118 proposed.
The U.S. still has the world's largest fleet of nuclear power reactors that will require 18,983 tonnes of uranium this year—again to produce around 20% of its total electricity output. Uranium mining in the U.S. last year totalled 1,596 tonnes—only about 8% of its needs. Over half, around 11k tonnes, of the U.S.' uranium came from the HEU program—with its final delivery any day now!
With uranium prices still this low, there obviously was a bigger short-term supply overhang than at least I expected after Japan and Germany shut down its reactors after Fukushima. However with more reactors in the works today than ever before, and with countries like Russia and China tying up and needing large percentages of the world's uranium for themselves, how and where will the 100 U.S. nuclear power reactors source their own future uranium supplies starting next year—without driving prices considerably higher?
Uranium Miners' Potential Melt-Up
We all know that most metals and mining stocks—including uranium—sold off with gold earlier this year. Gold dropped sharply by around 15% to $1321.50/oz. in mid April, then bounced to the high $1,400s, flat-lined for a month just under $1,400, dropped sharply again in June by around 15% to $1,200, and has built back up to the low $1,300s since then. Uranium's slide was less dramatic than gold's in April, with its largest decline of 13% happening in July from around $40/lb. to $35/lb.
My point is that earlier this year most uranium mining stocks drifted in sync with falling U3O8, gold and other metals prices. However unlike gold and gold stocks which sank even further, uranium stocks stopped losing ground around mid to late April—even as the U3O8 spot price saw its biggest drop late in July. Why didn't uranium mining shares sell-off again?
When a mining group bases despite its underlying commodity price falling, this is often a key signal that market sentiment has finally swung the other way in anticipation of an upswing. This is not surprising in light of uranium's various positive catalyst events that have been playing out on cue.
Another key point is that after Fukushima, market sentiment for anything nuclear was so dismal that the whole uranium mining group got slaughtered to the point of becoming one of the most heavily shorted sectors—nuclear power growth and safety facts didn't matter. Shares of major producers are still down over 50%, with most smaller uranium miners down by up to 90%—or gone altogether.
The surprising part here is that despite the industry's fundamentals never looking better, most of these shorts seem to still be in place. When comparing these huge short positions to the total number of shares outstanding and the average daily trading volume, it appears that short covering rallies could become another potentially explosive upside catalyst—they have to cover sometime!
One specific example may have been (NYSE: USU) USEC Inc., which operates the only U.S.-owned uranium enrichment facility in the United States. We mentioned USU in our May 12 Filtered Mid-Day Market Movers Recap weekend newsletter after picking up on its trading action earlier that week at our website's daily Hot Sheet at $0.43.
The only news I could find to explain the action was their Q1-2013 Results—showing more losses—and that their American Centrifuge achieved two RD&D Program Milestones. USEC's stock was not even in compliance with the exchange's $1 minimum bid requirement at that time.
The NYSE asked the company multiple times about USU's trading, but USEC's policy is not to comment on unusual market activity. This was after USU's early July 1-for-25 reverse stock split—converting our earlier $0.43 post to $10.75. As a follow-up we posted USU again the last week of July and in our August 4 newsletter at $26.64, before it topped out at $29.12.
USU is now around $11/share and shows a split-adjusted 52-week low of $0.27 on July 1, and a high of $29.12 exactly four weeks later on July 29. NASDAQ shows 13,694,085 shares as the USU Short Interest on the June 28 Settlement Date, and 25.7 Days To Cover. The most recent August 30 report shows 963,856 shares short, taking 3.3 days to cover. If not a short-squeeze, then what am I missing?
The table below shows small-cap uranium miners with sizeable short interests and at least one mine in production or in development. Short data is from NASDAQ.com, stock prices are from our website.
| Company (click to research) | August 30 Short Interest |
Daily Volume |
Time To Cover |
52-Week High |
52-Week Low |
Last Price |
2007 High |
| (AMEX: UEC) Uranium Energy Corp. |
13,558,921 | 422,065 | 32-Days | $3.02 | $1.40 | $2.33 | $9.35 |
| (AMEX: URG)(TSX: URE) Ur-Energy Inc. |
4,990,303 | 252,143 | 20-Days | $1.39 | $0.70 | $1.04 | $5.45 |
| (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp. |
6,689,889 | 569,277 | 12-Days | $1.89 | $0.88 | $1.07 | $7.65 |
| (AMEX: DNN)(TSX: DML) Dennison Mines Corp. |
7,007,816 | 651,616 | 11-Days | $1.72 | $1.03 | $1.16 | $15.01 |
| (NASDAQ: URRE) Uranium Resources Inc. |
2,179,660 | 228,960 | 10-Days | $6.30 | $1.75 | $2.73 | $14.99 |
With uranium stocks technically basing and starting to respond positively to news again, it will be interesting to see where these short positions eventually cover—will we see more USU style rockets?
Uranerz Energy Closes US$10 Million Bought Deal Financing
URZ traded up from $1.17 to as high as $1.64/share in July as construction advanced at Uranerz Energy's first ISR mine—located in the prolific Powder River Basin (PRB) of Wyoming; and on news that drilling of the company's first of two Deep Disposal Wells (DDW) had been completed.
Then after flatlining at the $1.30 level for a few weeks, the market didn't seem to like Uranerz' August 27 news release of a $10M financing at $1.17—taking URZ down to just over $1/share. Half-warrants attached allow the purchase of additional URZ stock at $1.60/share—potentially providing the company up to another $6.84M if exercised within 30-months after last Friday's closing.
While it's natural to hope for equity raises only at high prices, companies have to strike the best deal available to keep advancing their projects. Equity financing—if even available—is usually preferred because unlike debt it's not repayable, nor secured by assets. The alternative—especially in a weak market—is often exorbitant high-cost debt, which is just another form of shareholder dilution.
Uranerz' low-cost $20M state loan is still pending—queued with similar loans applied for before theirs. On June 7 URZ announced a $6M short-term note financing as a bridge to commence drilling of the DDWs at Nichols Ranch. Uranerz obviously thought their state loan would be processed by August 15—with the short-term note repaid—as the interest rate bumps up from 6% to 10% then.
Uranerz' news releases anticipate uranium production to commence around the end of this year. Now that this equity financing has closed, I wouldn't be surprised to see URZ start to trend higher again on construction updates, and as their last DDW gets completed—as their mine approaches the finish line.
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Saturday, September 7, 2013
InvestorsGuru.com 32 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: YGE) Yingli Green Energy Holding Company Limited $2.19 $2.25 $3.67 $3.69 $5.29 Wk-H: $5.865
- world's largest vertically integrated photovoltaic manufacturer, August 30 Q2-2013 Results
(NYSE: YELP) Yelp Inc. $31.29 $39.14 $51.20 $62.40 Wk-H: $64.39
- a leading local business guide/review site with social networking in 12 languages, 23 countries, 108M/mo. visitors, at Citi Global Tech. Conf.
(NYSE: GNK) Genco Shipping & Trading Limited $1.59 $2.20 $3.29 Wk-H: $4.25
- ships iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes, July 31 Q2 Results
(NYSE: BLOX) Infoblox Inc. $24.97 $40.52 Wk-H: $41.37
- the automated network control company, Reports Q4 Fiscal 2013 Results, Achieves 40% YoY Revenue Growth
(NYSE: GCAP) GAIN Capital Holdings Inc. $6.99 $8.95 Wk-H: $10.31
- invests in medium to long-term business debt and equity, Aug. 30 Interim Results; Notice of Sept. 19 AGM
(NYSE: EJ) E-House Holdings Ltd. $5.66 $7.95 Wk-H: $9.25
- a leading real estate services company in China, Reported Q2 2013 Financial Results on August 16
(NYSE: CHC) China Hydroelectric Corporation $2.56 $2.69 Wk-H: $2.77
- owner, developer and operator of 25 small power projects in China, Receipt of Non-Binding Proposal to Acquire the Co. at $2.97 per ADS
(NYSE: CYD) China Yuchai International Ltd. $22.06 Wk-H: $23.22
- makes diesel engines and generators for construction and autos, YC6K Engine Passes European Union's E-Mark Certification
NYSE MKT AMEX
(AMEX: INO) Inovio Pharmaceuticals Inc. $0.53 $0.75 $0.65 $0.74 $1.04 $1.25 $2.10 $1.57 $1.92 Wk-H: $2.45
- focused on cancer and challenging diseases vaccines, to Present at Upcoming Investor Conferences on Sept. 10th and 12th
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 Wk-H: $1.86
- patented technology for neural stem cells of human brain/spinal cord, To Raise $4M at $1.60/sh.; Sept. 10 Live Webcast at Healthcare Conf.
(AMEX: NSU)(TSX: NSU) Nevsun Resources Ltd. $2.92 $3.33 Wk-H: $3.45
- 60%-owned high-grade open-pit Bisha copper-gold mine in Eritrea Africa, Reports 75m of 1.7% Copper and 3.0% Zinc at Hambok
NASDAQ
(NASDAQ: HIMX) Himax Technologies Inc. $4.06 $5.43 $7.32 $8.40 Wk-H: $8.75
- makes display drivers and other semiconductor products, to Attend Credit Suisse Asian Tech. and Oppenheimer Sept. Conferences
(NASDAQ: NBIX) Neurocrine Biosciences Inc. $4.09 $5.35 $15.60 Wk-H: $16.63
- focused on neurological and endocrine based diseases/disorders, To Present At Morgan Stanley Global Healthcare Conf., Live Webcast
(NASDAQ: CNIT) China Information Technology Inc. $1.56 $2.41 $4.16 Wk-H: $4.48
- provides geographic/hospital info systems, digital public security technology & high-end digital display products in China, H1-2013 Results
(NASDAQ: KONG) KongZhong Corporation $6.56 $11.86 Wk-H: $14.92
- provides digital games and entertainment in China, Partners with Nival to Publish Blitzkrieg 3 Exclusively in China; Q2 Results
(NASDAQ: RMTI) Rockwell Medical Inc. $4.57 $7.76 Wk-H: $9.14
- SFP Meets Primary & Key 2ndary Endpoints Ph-3 CRUISE-2 Efficacy Study, Treatment for Iron Replacement in Chronic Kidney Disease Patients
(NASDAQ: ENVI) Envivio Inc. $3.39 Wk-H: $3.70
- provides software-based video processing and delivery solutions, Steps Up HEVC Program, Adds Video Quality Enhance. for MPEG-2 and AVC
(NASDAQ: LOCM) Local Corporation $1.94 Wk-H: $2.30
- a leading online local media company, Provides Location-Based Product Data for Microsoft's Bing
(NASDAQ: FFHL) Fuwei Films Co. Ltd. $1.63 Wk-H: $2.20
- makes high-quality BOPET plastic films in China, Receipt of Second Notice of Proposed Public Auction of Controlling Interest
(NASDAQ: ZLCS) Zalicus Inc. $0.82 Wk-H: $0.93
- biopharm that treats pain, to Present at Global Inv. Conf.; Completes Patient Enroll. 2 Ph-2 Clinical Studies of Z160 Chronic Neuropathic Pain
OTCBB
(OTCBB: NNVC) NanoViricides Inc. $0.84 $1.01 $1.32 $1.45 Wk-H: $1.52
- focused on nanomaterials for viral therapy, DengueCide Orphan Drug Application Has Been Received by the European Medicines Agency
(OTCBB: CRRS)(NASDAQ: CRRS) Corporate Resource Services Inc. $2.24 $2.60 $4.30 Wk-H: $5.62
- diversified technology, staffing, recruiting and consulting services firm, Approved for Listing on NASDAQ
(OTCBB: WTER) The Alkaline Water Company Inc. $0.77 Wk-H: $0.85
- proprietary electrolysis beverage process, Hits 48 More Food City Stores in Arizona, to Discuss Momentum During Investor Call
TSX (quote T. and ticker symbol)
(TSX: ITP) Intertape Polymer Group Inc. $6.55 $11.70 $15.00 Wk-H: $15.35
- makes specialized tapes and films, fabrics and packaging systems, Aug. 14 Improved Q2 Results: Adj. EBITDA $28.3M +30.6% YoY
(TSX: ATA) ATS Automation Tooling Systems Inc. $10.59 $13.01 Wk-H: $13.40
- provides custom manufactured solutions, to acquire a leading pharmaceutical & personal care tube filling & cartoning machinery group
(TSX: RRX) Raging River Exploration Inc. $3.45 $5.48 Wk-H: $5.58
- junior O&G producer in Kindersley Sask., Aug. 14 Q2 Operating and Financial Results, Increased 2013 Guidance
(TSX: RVX) Resverlogix Corp. $0.54 $0.95 Wk-H: $1.16
- Further Analysis of ASSURE Data Finds a Responder Group for RVX-208 with Statistically Significant Regression of Coronary Atherosclerosis
(TSX: CLQ) Canada Lithium Corp. $0.455 Wk-H: $0.53
- 100% interest in the Québec Lithium Project near Val d'Or, to receive a $5M Pre-payment from Off-take Partner Tewoo-ERDC
(TSX: AVP) Avcorp Industries Inc. $0.07 Wk-H: $0.10
- designs/builds major airframe structures for some of the world's leading aircraft co.'s, completes US$28M settlement of award from Cessna
TSX Venture (quote V. and ticker symbol)
(TSXV: CCB) Canada Carbon Inc. $0.145 $0.16 $0.215 Wk-H: $0.275
- Flotation of Miller Graphite Sample Prior to Purification Achieves Better Than 99% Graphitic Carbon
(TSXV: MTO) Metanor Resources Inc. $0.16 $0.21 Wk-H: $0.21
- 4-Quebec and 1-Ontario gold properties, Produces Record 4,312 Ounces in August; Intersects 17.66 g/t Over 12.55 m at Bachelor
(TSXV: WER) Weststar Resources Corp. $0.055 Wk-H: $0.055
- Notes Recent Drill Results on the Albany Graphite Deposit, Contiguous to Weststar Claims, Porcupine District Ontario
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NYSE
(NYSE: YGE) Yingli Green Energy Holding Company Limited $2.19 $2.25 $3.67 $3.69 $5.29 Wk-H: $5.865
- world's largest vertically integrated photovoltaic manufacturer, August 30 Q2-2013 Results
(NYSE: YELP) Yelp Inc. $31.29 $39.14 $51.20 $62.40 Wk-H: $64.39
- a leading local business guide/review site with social networking in 12 languages, 23 countries, 108M/mo. visitors, at Citi Global Tech. Conf.
(NYSE: GNK) Genco Shipping & Trading Limited $1.59 $2.20 $3.29 Wk-H: $4.25
- ships iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes, July 31 Q2 Results
(NYSE: BLOX) Infoblox Inc. $24.97 $40.52 Wk-H: $41.37
- the automated network control company, Reports Q4 Fiscal 2013 Results, Achieves 40% YoY Revenue Growth
(NYSE: GCAP) GAIN Capital Holdings Inc. $6.99 $8.95 Wk-H: $10.31
- invests in medium to long-term business debt and equity, Aug. 30 Interim Results; Notice of Sept. 19 AGM
(NYSE: EJ) E-House Holdings Ltd. $5.66 $7.95 Wk-H: $9.25
- a leading real estate services company in China, Reported Q2 2013 Financial Results on August 16
(NYSE: CHC) China Hydroelectric Corporation $2.56 $2.69 Wk-H: $2.77
- owner, developer and operator of 25 small power projects in China, Receipt of Non-Binding Proposal to Acquire the Co. at $2.97 per ADS
(NYSE: CYD) China Yuchai International Ltd. $22.06 Wk-H: $23.22
- makes diesel engines and generators for construction and autos, YC6K Engine Passes European Union's E-Mark Certification
NYSE MKT AMEX
(AMEX: INO) Inovio Pharmaceuticals Inc. $0.53 $0.75 $0.65 $0.74 $1.04 $1.25 $2.10 $1.57 $1.92 Wk-H: $2.45
- focused on cancer and challenging diseases vaccines, to Present at Upcoming Investor Conferences on Sept. 10th and 12th
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 Wk-H: $1.86
- patented technology for neural stem cells of human brain/spinal cord, To Raise $4M at $1.60/sh.; Sept. 10 Live Webcast at Healthcare Conf.
(AMEX: NSU)(TSX: NSU) Nevsun Resources Ltd. $2.92 $3.33 Wk-H: $3.45
- 60%-owned high-grade open-pit Bisha copper-gold mine in Eritrea Africa, Reports 75m of 1.7% Copper and 3.0% Zinc at Hambok
NASDAQ
(NASDAQ: HIMX) Himax Technologies Inc. $4.06 $5.43 $7.32 $8.40 Wk-H: $8.75
- makes display drivers and other semiconductor products, to Attend Credit Suisse Asian Tech. and Oppenheimer Sept. Conferences
(NASDAQ: NBIX) Neurocrine Biosciences Inc. $4.09 $5.35 $15.60 Wk-H: $16.63
- focused on neurological and endocrine based diseases/disorders, To Present At Morgan Stanley Global Healthcare Conf., Live Webcast
(NASDAQ: CNIT) China Information Technology Inc. $1.56 $2.41 $4.16 Wk-H: $4.48
- provides geographic/hospital info systems, digital public security technology & high-end digital display products in China, H1-2013 Results
(NASDAQ: KONG) KongZhong Corporation $6.56 $11.86 Wk-H: $14.92
- provides digital games and entertainment in China, Partners with Nival to Publish Blitzkrieg 3 Exclusively in China; Q2 Results
(NASDAQ: RMTI) Rockwell Medical Inc. $4.57 $7.76 Wk-H: $9.14
- SFP Meets Primary & Key 2ndary Endpoints Ph-3 CRUISE-2 Efficacy Study, Treatment for Iron Replacement in Chronic Kidney Disease Patients
(NASDAQ: ENVI) Envivio Inc. $3.39 Wk-H: $3.70
- provides software-based video processing and delivery solutions, Steps Up HEVC Program, Adds Video Quality Enhance. for MPEG-2 and AVC
(NASDAQ: LOCM) Local Corporation $1.94 Wk-H: $2.30
- a leading online local media company, Provides Location-Based Product Data for Microsoft's Bing
(NASDAQ: FFHL) Fuwei Films Co. Ltd. $1.63 Wk-H: $2.20
- makes high-quality BOPET plastic films in China, Receipt of Second Notice of Proposed Public Auction of Controlling Interest
(NASDAQ: ZLCS) Zalicus Inc. $0.82 Wk-H: $0.93
- biopharm that treats pain, to Present at Global Inv. Conf.; Completes Patient Enroll. 2 Ph-2 Clinical Studies of Z160 Chronic Neuropathic Pain
OTCBB
(OTCBB: NNVC) NanoViricides Inc. $0.84 $1.01 $1.32 $1.45 Wk-H: $1.52
- focused on nanomaterials for viral therapy, DengueCide Orphan Drug Application Has Been Received by the European Medicines Agency
(OTCBB: CRRS)(NASDAQ: CRRS) Corporate Resource Services Inc. $2.24 $2.60 $4.30 Wk-H: $5.62
- diversified technology, staffing, recruiting and consulting services firm, Approved for Listing on NASDAQ
(OTCBB: WTER) The Alkaline Water Company Inc. $0.77 Wk-H: $0.85
- proprietary electrolysis beverage process, Hits 48 More Food City Stores in Arizona, to Discuss Momentum During Investor Call
TSX (quote T. and ticker symbol)
(TSX: ITP) Intertape Polymer Group Inc. $6.55 $11.70 $15.00 Wk-H: $15.35
- makes specialized tapes and films, fabrics and packaging systems, Aug. 14 Improved Q2 Results: Adj. EBITDA $28.3M +30.6% YoY
(TSX: ATA) ATS Automation Tooling Systems Inc. $10.59 $13.01 Wk-H: $13.40
- provides custom manufactured solutions, to acquire a leading pharmaceutical & personal care tube filling & cartoning machinery group
(TSX: RRX) Raging River Exploration Inc. $3.45 $5.48 Wk-H: $5.58
- junior O&G producer in Kindersley Sask., Aug. 14 Q2 Operating and Financial Results, Increased 2013 Guidance
(TSX: RVX) Resverlogix Corp. $0.54 $0.95 Wk-H: $1.16
- Further Analysis of ASSURE Data Finds a Responder Group for RVX-208 with Statistically Significant Regression of Coronary Atherosclerosis
(TSX: CLQ) Canada Lithium Corp. $0.455 Wk-H: $0.53
- 100% interest in the Québec Lithium Project near Val d'Or, to receive a $5M Pre-payment from Off-take Partner Tewoo-ERDC
(TSX: AVP) Avcorp Industries Inc. $0.07 Wk-H: $0.10
- designs/builds major airframe structures for some of the world's leading aircraft co.'s, completes US$28M settlement of award from Cessna
TSX Venture (quote V. and ticker symbol)
(TSXV: CCB) Canada Carbon Inc. $0.145 $0.16 $0.215 Wk-H: $0.275
- Flotation of Miller Graphite Sample Prior to Purification Achieves Better Than 99% Graphitic Carbon
(TSXV: MTO) Metanor Resources Inc. $0.16 $0.21 Wk-H: $0.21
- 4-Quebec and 1-Ontario gold properties, Produces Record 4,312 Ounces in August; Intersects 17.66 g/t Over 12.55 m at Bachelor
(TSXV: WER) Weststar Resources Corp. $0.055 Wk-H: $0.055
- Notes Recent Drill Results on the Albany Graphite Deposit, Contiguous to Weststar Claims, Porcupine District Ontario
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Sunday, September 1, 2013
InvestorsGuru.com 39 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 $9.30 $11.78 $13.85 $15.74 Wk-H: $16.24
- a global PV solar power manufacturer in China, Powers the Largest Rooftop Project under Ontario's FIT Program
(NYSE: SOL) ReneSola Ltd. $2.68 $2.80 $2.48 $3.78 $4.88 Wk-H: $5.11
- a leading brand & technology provider of solar photovoltaics, Q2 Record Qtrly. shipments 849 MW, Total Rev. US$377M, Gross margin 7.3%
(NYSE: ZLC) Zale Corp. $6.55 $10.28 $11.09 Wk-H: $12.80
- specialty retailer of diamond and other jewelry products in North America, Returns to Full Year Profitability, Reports Q4/FY 2013 & Highlights
(NYSE: RSH) RadioShack Corp. $3.71 $2.85 $3.35 Wk-H: $3.52
- HD Antennas Solve Current Local Channels Cable Crisis; Turns Up Volume on AUVIO Music Accessory Line; New Concept Store; Q2 Growth
(NYSE: ANFI) Amira Nature Foods Ltd. $8.79 Wk-H: $9.67
- a leading global provider of packaged Indian specialty rice, Q1 Fiscal 2014 Finl. Results: $110.3M Revenue +37.6%, $14.5M EBITDA +42.4%
NYSE MKT AMEX
(AMEX: SYRG) Synergy Resources Corporation $7.10 $7.12 $8.57 Wk-H: $9.43
- O&G co. with 17K acres in the Wattenberg Field/D-J Basin Colorado +20K acres to the NE, July 10 F-Q3 Rev. +64%, Op./Net Inc. +26%/+32%
(AMEX: GTE)(TSX: GTE) Gran Tierra Energy Inc. $5.76 $6.15 $6.84 Wk-H: $6.99
- O&G exploration and production in South America, Q2 2013 Results and Production Guidance Increase
(AMEX: PIP) PharmAthene Inc. $1.97 $2.03 $2.36 Wk-H: $2.42
- developing biodefense medical countermeasures against biological/chemical threats, Q2: Phase 2 SparVax, Court Ruling, Theraclone Merger
(AMEX: WYY) WidePoint Corporation $0.76 $0.88 $0.95 Wk-H: $1.03
- provides secured, cloud-delivered, enterprise-wide, info. technology-based managed mobility solutions, Aug 14 Q2-'13 Gross Margin +26%
(AMEX: DEJ)(TSX: DEJ) Dejour Energy Inc. $0.21 $0.214 Wk-H: $0.23
- O&G co. in North America's Piceance Basin and Peace River Arch regions, IP Tests at Kokopelli Yield a Combined 6.8 MMCF/D
(AMEX: CEP) Constellation Energy Partners LLC $2.63 Wk-H: $2.69
- O&G reserves in OK/KS' Cherokee Basin and Woodford Shale Arkoma Basin, Central Kansas Uplift, TX/LA, Q2 2013 Results
(AMEX: GPL)(TSX: GPR) Great Panther Silver Ltd. $1.20 Wk-H: $1.34
- Mexico primary silver mines: Topia and Guanajuato, developing San Ignacio and exploring El Horcon and Santa Rosa, Q2 2013 Finl. Results
(AMEX: ROX) Castle Brands Inc. $0.585 Wk-H: $0.65
- developer and intl. marketer of premium+ branded spirits, Fiscal 2014 Q1 Net Sales +7.2% Driven by Strong Growth of Whiskies and Rums
NASDAQ
(NASDAQ: AKRX) Akorn Inc. $1.86 $2.06 $2.57 $2.95 $3.13 $13.53 $17.91 Wk-H: $18.98
- niche multisource branded pharma. focused on sterile ophthalmic & injectables, to buy (NASDAQ: HITK) Hi-Tech Pharmacal for $640M
(NASDAQ: BCRX) BioCryst Pharmaceuticals Inc. $1.44 $2.46 $5.41 $6.76 Wk-H: $7.41
- makes novel small molecule drugs to block key enzymes in infectious and inflammatory diseases, Update and Q2 2013 Results
(NASDAQ: PGNX) Progenics Pharmaceuticals Inc. $4.36 $4.82 $5.76 Wk-H: $6.00
- developing innovative medicines for oncology with several late-stage clinical product candidates, Q2 2013 Results
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 $1.51 $2.96 Wk-H: $3.20
- a global leader in all IP multi-service access solutions for 750+ network operators, Industry to Accelerate Passive Optical LAN; Q-Compliant
(NASDAQ: CPRX) Catalyst Pharmaceutical Partners Inc. $0.80 $1.20 $2.08 Wk-H: $2.50
- targeting rare neuromuscular diseases, Receives Breakthrough Therapy Designation from FDA for Firdapse to Treat LEMS
(NASDAQ: OTIV) On Track Innovations Ltd. $1.25 $1.48 $1.75 Wk-H: $1.88
- a pioneer in contactless payment, Court Denies T-Mobile USA's Request for Reconsideration; Directors Buying Stock; Reports Q2 2013
(NASDAQ: LRAD) LRAD Corporation $1.18 $1.55 Wk-H: $1.68
- world's leader in long range acoustic hailing devices (AHDs), $1.9M Order; Q3 2013 Results, $3M Share Buyback Program
(NASDAQ: ASTX) Astex Pharmaceuticals Inc. $6.75 Wk-H: $6.99
- focused on novel small molecule therapeutics and oncology, SGI-110 Phase 2 Shows Clear Activity in Patients With Acute Myeloid Leukemia
(NASDAQ: ADEP) Adept Technology Inc. $4.07 Wk-H: $4.50
- provides intelligent vision-guided and autonomous mobile robotics, Q4 2013 Results: Revenue +25%, Op. -$242K, EBITDA $186K
(NASDAQ: RGDX) Response Genetics Inc. $2.39 Wk-H: $2.93
- Acquires Proprietary FDA-Cleared and Medicare-Reimbursed Test and All Associated Assets for Difficult to Diagnose Solid Tumors
(NASDAQ: DCTH) Delcath Systems Inc. $0.39 Wk-H: $0.45
- specialty pharma. & med.-device co. focused on oncology with a drug/device to administer high dose chemotherapy and agents to the liver
OTCBB
(OTCBB: BLUU) Blue Water Global Group Inc. $0.22 Wk-H: $0.265
- developing a chain of casual dining restaurants in the Caribbean, Announces Progress at Its flagship Blue Water Bar & Grill in St. Maarten
TSX (quote T. and ticker symbol)
(TSX: RMP) RMP Energy Inc. $4.42 $4.96 Wk-H: $5.04
- high-quality O&G assets in WC-Alberta and SE-Saskatchewan, Aug 12 Q2 Results with Increased 2013 Production Guidance
(TSX: EGZ) Energizer Resources Inc. $0.28 $0.205 Wk-H: $0.235
- developing its flagship Molo flaked graphite deposit in Fotodrevo S-Madagascar, Elevates to (OTCQX: ENZR) Marketplace in the U.S.
(TSX: CPN) Carpathian Gold Inc. $0.185 Wk-H: $0.195
- developing near-term production on its 100% owned Riacho dos Machados Gold Project in Brazil, $16M Bought Deal: 114M+ shares at $0.14
(TSX: CRK) Crocodile Gold Corp. $0.16 Wk-H: $0.19
- three operating mines in the Northern Territory and State of Victoria in Australia, $11M Operating Cash Flow on $65.6M Q2 2013 Revenue
(TSX: EVG) Evolving Gold Corp. $0.07 Wk-H: $0.07
- focused on Nevada's Carlin Trend and its gold discovery at Rattlesnake Hills Wyoming, Closes $300K P.P. (6M $0.05/sh. & 3-yr. $0.08/wts.)
TSX Venture (quote V. and ticker symbol)
(TSXV: FCU) Fission Uranium Corp. $0.69 $0.80 $0.73 $0.87 $1.04 $1.18 $1.42 Wk-H: $1.48
- Discovers Strong Uranium Anomalies Up to 3km Long at North Shore AB; Proposes to Acquire (TSXV: AMW) Alpha Minerals for $7.26/sh.
(TSXV: PHM) Patient Home Monitoring Corp. $0.175 $0.19 Wk-H: $0.215
- profitable co. focused on consolidating highly fragmented monitoring of chronically ill patients, Final Equity Financing Details
(TSXV: WBI) Welichem Biotech Inc. $0.52 Wk-H: $0.59
- developing drugs against autoimmune diseases and cancers, issuer bid to purchase up to $20M or 23,294,411 of its shares at $0.85/share
(TSXV: GEG) Ginguro Exploration Inc. $0.32 Wk-H: $0.35
- focused on its Pardo paleo-placer gold property in northern Ontario, Samples 40.1 g/t Gold Along 22.5 Meters at Pardo 007 Zone
(TSXV: GPH) Graphite One Resources Inc. $0.115 Wk-H: $0.145
- focused on its Graphite Creek Property on Alaska's Seward Peninsula, $2.2M P.P. of 27.5M Units at $0.08/share + 3-yr. $0.125 warrants
(TSXV: ABR) Ashburton Ventures Inc. $0.07 Wk-H: $0.10
- Reports Radioactive Boulders With Up to 1800 CPS at Sienna West Uranium Project, Western Saskatchewan
(TSXV: GAL) Galantas Gold Corporation $0.03 Wk-H: $0.04
- with a 100% interest in Ireland's only operating gold mine, Drills 2.8 Metres High Grade Gold on Joshua Vein
(TSXV: HAO) Habanero Resources Inc. $0.015 Wk-H: $0.02
- diversified prospects near recent discoveries/deposits in the Yukon/Quebec, Drill Program Commences at Haldane Silver Prospect Yukon
(TSXV: NWM) NWM Mining Corporation $0.015 Wk-H: $0.015
- 100% open-pit heap-leach in Sonora State Mexico, Starts Mining Operations at Newly Defined Gold Ridge Deposit Adj. to Lluvia de Oro Mine
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NYSE
(NYSE: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 $9.30 $11.78 $13.85 $15.74 Wk-H: $16.24
- a global PV solar power manufacturer in China, Powers the Largest Rooftop Project under Ontario's FIT Program
(NYSE: SOL) ReneSola Ltd. $2.68 $2.80 $2.48 $3.78 $4.88 Wk-H: $5.11
- a leading brand & technology provider of solar photovoltaics, Q2 Record Qtrly. shipments 849 MW, Total Rev. US$377M, Gross margin 7.3%
(NYSE: ZLC) Zale Corp. $6.55 $10.28 $11.09 Wk-H: $12.80
- specialty retailer of diamond and other jewelry products in North America, Returns to Full Year Profitability, Reports Q4/FY 2013 & Highlights
(NYSE: RSH) RadioShack Corp. $3.71 $2.85 $3.35 Wk-H: $3.52
- HD Antennas Solve Current Local Channels Cable Crisis; Turns Up Volume on AUVIO Music Accessory Line; New Concept Store; Q2 Growth
(NYSE: ANFI) Amira Nature Foods Ltd. $8.79 Wk-H: $9.67
- a leading global provider of packaged Indian specialty rice, Q1 Fiscal 2014 Finl. Results: $110.3M Revenue +37.6%, $14.5M EBITDA +42.4%
NYSE MKT AMEX
(AMEX: SYRG) Synergy Resources Corporation $7.10 $7.12 $8.57 Wk-H: $9.43
- O&G co. with 17K acres in the Wattenberg Field/D-J Basin Colorado +20K acres to the NE, July 10 F-Q3 Rev. +64%, Op./Net Inc. +26%/+32%
(AMEX: GTE)(TSX: GTE) Gran Tierra Energy Inc. $5.76 $6.15 $6.84 Wk-H: $6.99
- O&G exploration and production in South America, Q2 2013 Results and Production Guidance Increase
(AMEX: PIP) PharmAthene Inc. $1.97 $2.03 $2.36 Wk-H: $2.42
- developing biodefense medical countermeasures against biological/chemical threats, Q2: Phase 2 SparVax, Court Ruling, Theraclone Merger
(AMEX: WYY) WidePoint Corporation $0.76 $0.88 $0.95 Wk-H: $1.03
- provides secured, cloud-delivered, enterprise-wide, info. technology-based managed mobility solutions, Aug 14 Q2-'13 Gross Margin +26%
(AMEX: DEJ)(TSX: DEJ) Dejour Energy Inc. $0.21 $0.214 Wk-H: $0.23
- O&G co. in North America's Piceance Basin and Peace River Arch regions, IP Tests at Kokopelli Yield a Combined 6.8 MMCF/D
(AMEX: CEP) Constellation Energy Partners LLC $2.63 Wk-H: $2.69
- O&G reserves in OK/KS' Cherokee Basin and Woodford Shale Arkoma Basin, Central Kansas Uplift, TX/LA, Q2 2013 Results
(AMEX: GPL)(TSX: GPR) Great Panther Silver Ltd. $1.20 Wk-H: $1.34
- Mexico primary silver mines: Topia and Guanajuato, developing San Ignacio and exploring El Horcon and Santa Rosa, Q2 2013 Finl. Results
(AMEX: ROX) Castle Brands Inc. $0.585 Wk-H: $0.65
- developer and intl. marketer of premium+ branded spirits, Fiscal 2014 Q1 Net Sales +7.2% Driven by Strong Growth of Whiskies and Rums
NASDAQ
(NASDAQ: AKRX) Akorn Inc. $1.86 $2.06 $2.57 $2.95 $3.13 $13.53 $17.91 Wk-H: $18.98
- niche multisource branded pharma. focused on sterile ophthalmic & injectables, to buy (NASDAQ: HITK) Hi-Tech Pharmacal for $640M
(NASDAQ: BCRX) BioCryst Pharmaceuticals Inc. $1.44 $2.46 $5.41 $6.76 Wk-H: $7.41
- makes novel small molecule drugs to block key enzymes in infectious and inflammatory diseases, Update and Q2 2013 Results
(NASDAQ: PGNX) Progenics Pharmaceuticals Inc. $4.36 $4.82 $5.76 Wk-H: $6.00
- developing innovative medicines for oncology with several late-stage clinical product candidates, Q2 2013 Results
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 $1.51 $2.96 Wk-H: $3.20
- a global leader in all IP multi-service access solutions for 750+ network operators, Industry to Accelerate Passive Optical LAN; Q-Compliant
(NASDAQ: CPRX) Catalyst Pharmaceutical Partners Inc. $0.80 $1.20 $2.08 Wk-H: $2.50
- targeting rare neuromuscular diseases, Receives Breakthrough Therapy Designation from FDA for Firdapse to Treat LEMS
(NASDAQ: OTIV) On Track Innovations Ltd. $1.25 $1.48 $1.75 Wk-H: $1.88
- a pioneer in contactless payment, Court Denies T-Mobile USA's Request for Reconsideration; Directors Buying Stock; Reports Q2 2013
(NASDAQ: LRAD) LRAD Corporation $1.18 $1.55 Wk-H: $1.68
- world's leader in long range acoustic hailing devices (AHDs), $1.9M Order; Q3 2013 Results, $3M Share Buyback Program
(NASDAQ: ASTX) Astex Pharmaceuticals Inc. $6.75 Wk-H: $6.99
- focused on novel small molecule therapeutics and oncology, SGI-110 Phase 2 Shows Clear Activity in Patients With Acute Myeloid Leukemia
(NASDAQ: ADEP) Adept Technology Inc. $4.07 Wk-H: $4.50
- provides intelligent vision-guided and autonomous mobile robotics, Q4 2013 Results: Revenue +25%, Op. -$242K, EBITDA $186K
(NASDAQ: RGDX) Response Genetics Inc. $2.39 Wk-H: $2.93
- Acquires Proprietary FDA-Cleared and Medicare-Reimbursed Test and All Associated Assets for Difficult to Diagnose Solid Tumors
(NASDAQ: DCTH) Delcath Systems Inc. $0.39 Wk-H: $0.45
- specialty pharma. & med.-device co. focused on oncology with a drug/device to administer high dose chemotherapy and agents to the liver
OTCBB
(OTCBB: BLUU) Blue Water Global Group Inc. $0.22 Wk-H: $0.265
- developing a chain of casual dining restaurants in the Caribbean, Announces Progress at Its flagship Blue Water Bar & Grill in St. Maarten
TSX (quote T. and ticker symbol)
(TSX: RMP) RMP Energy Inc. $4.42 $4.96 Wk-H: $5.04
- high-quality O&G assets in WC-Alberta and SE-Saskatchewan, Aug 12 Q2 Results with Increased 2013 Production Guidance
(TSX: EGZ) Energizer Resources Inc. $0.28 $0.205 Wk-H: $0.235
- developing its flagship Molo flaked graphite deposit in Fotodrevo S-Madagascar, Elevates to (OTCQX: ENZR) Marketplace in the U.S.
(TSX: CPN) Carpathian Gold Inc. $0.185 Wk-H: $0.195
- developing near-term production on its 100% owned Riacho dos Machados Gold Project in Brazil, $16M Bought Deal: 114M+ shares at $0.14
(TSX: CRK) Crocodile Gold Corp. $0.16 Wk-H: $0.19
- three operating mines in the Northern Territory and State of Victoria in Australia, $11M Operating Cash Flow on $65.6M Q2 2013 Revenue
(TSX: EVG) Evolving Gold Corp. $0.07 Wk-H: $0.07
- focused on Nevada's Carlin Trend and its gold discovery at Rattlesnake Hills Wyoming, Closes $300K P.P. (6M $0.05/sh. & 3-yr. $0.08/wts.)
TSX Venture (quote V. and ticker symbol)
(TSXV: FCU) Fission Uranium Corp. $0.69 $0.80 $0.73 $0.87 $1.04 $1.18 $1.42 Wk-H: $1.48
- Discovers Strong Uranium Anomalies Up to 3km Long at North Shore AB; Proposes to Acquire (TSXV: AMW) Alpha Minerals for $7.26/sh.
(TSXV: PHM) Patient Home Monitoring Corp. $0.175 $0.19 Wk-H: $0.215
- profitable co. focused on consolidating highly fragmented monitoring of chronically ill patients, Final Equity Financing Details
(TSXV: WBI) Welichem Biotech Inc. $0.52 Wk-H: $0.59
- developing drugs against autoimmune diseases and cancers, issuer bid to purchase up to $20M or 23,294,411 of its shares at $0.85/share
(TSXV: GEG) Ginguro Exploration Inc. $0.32 Wk-H: $0.35
- focused on its Pardo paleo-placer gold property in northern Ontario, Samples 40.1 g/t Gold Along 22.5 Meters at Pardo 007 Zone
(TSXV: GPH) Graphite One Resources Inc. $0.115 Wk-H: $0.145
- focused on its Graphite Creek Property on Alaska's Seward Peninsula, $2.2M P.P. of 27.5M Units at $0.08/share + 3-yr. $0.125 warrants
(TSXV: ABR) Ashburton Ventures Inc. $0.07 Wk-H: $0.10
- Reports Radioactive Boulders With Up to 1800 CPS at Sienna West Uranium Project, Western Saskatchewan
(TSXV: GAL) Galantas Gold Corporation $0.03 Wk-H: $0.04
- with a 100% interest in Ireland's only operating gold mine, Drills 2.8 Metres High Grade Gold on Joshua Vein
(TSXV: HAO) Habanero Resources Inc. $0.015 Wk-H: $0.02
- diversified prospects near recent discoveries/deposits in the Yukon/Quebec, Drill Program Commences at Haldane Silver Prospect Yukon
(TSXV: NWM) NWM Mining Corporation $0.015 Wk-H: $0.015
- 100% open-pit heap-leach in Sonora State Mexico, Starts Mining Operations at Newly Defined Gold Ridge Deposit Adj. to Lluvia de Oro Mine
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
Please note that nothing in this report should be taken as a recommendation in any way, and that everything from InvestorsGuru.com is subject to the terms of our Privacy Policy and Disclaimer.
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