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: BITA) Bitauto Holdings Ltd. $14.09 $18.03 $27.71 Wk-H: $31.89
- Internet content/marketing for China's fast-growing auto industry, Q3 2013; Kelley Blue Book JV With Bitauto and China Auto. Dealers Assoc.
(NYSE: ODP) Office Depot Inc. $2.26 $5.02 $5.59 Wk-H: $5.65
- a leading global provider of office products, services and solutions formed by the merger with OfficeMax, new Chairman & CEO; Q3 Results
(NYSE: FENG) Phoenix New Media Ltd. $9.91 Wk-H: $10.38
- a leading new media co. in China, 3Q13 YoY Total Revenues +32.3%, Net Ad Revenues +59.3%, Net Inc. Att. to PNM Reached RMB80.0M
(NYSE: GSI) General Steel Holdings Inc. $1.02 Wk-H: $1.14
- a leading non-state-owned steel producer in China, Q3 Positive Gross and Net Margins, $75M Quarterly Oper. Cash Flows; Trial Rebar Run
NYSE MKT AMEX
(AMEX: TCX)(TSX: TC) Tucows Inc. $0.84 $0.97 $1.38 $1.44 $1.49 $1.78 $1.90 $2.25 $2.83 Wk-H: $3.07
- global provider of domain names, email and Internet services, 14th Consecutive Qtr. of Record Revenue, Ting Continues Strong Momentum
(AMEX: ONVO) Organovo Holdings Inc. $5.97 $7.07 $10.02 Wk-H: $13.43
- makes 3D human tissues for medical research and therapeutics, Reports Q2 Fiscal 2014 Results, Provides Business Update
(AMEX: DSS) Document Security Systems Inc. $2.72 $1.28 Wk-H: $1.40
- a leading developer and integrator of secure cloud computing and security printing technologies, Q3 2013 Financial Results
(AMEX: GSB) GlobalSCAPE Inc. $2.38 Wk-H: $2.48
- provides secure info. exchange software/services, Strong Q3 Earnings Growth via Higher Revenue and Lower Expenses; $0.05 Dividend
(AMEX: MEA) Metalico Inc. $1.74 Wk-H: $1.80
- recycles scrap metal and fabricates lead-based products, Q3: EBITDA $6.6M, Rev. $136M, Adj. Net Inc. $938K or $0.02/sh., $8.3M less Debt
NASDAQ
(NASDAQ: ZNGA) Zynga Inc. $2.97 $3.00 $3.39 $3.60 $3.23 $3.62 $3.58 $3.53 $4.04 Wk-H: $4.12
- world's social games leader, new Hit It Rich! slots; Q3 Above High End: Rev., Bookings, Net Loss, Adj. EBITDA Guidance. Expects Profits FY13
(NASDAQ: OTIV) On Track Innovations Ltd. $1.25 $1.48 $1.75 $2.15 Wk-H: $2.93
- pioneer in contactless payment, Deploys to Banks in Hong Kong, Taiwan & Macao; Q3 Nov. 26; Purchase Orders for $1M+ for EasyFuel Plus
(NASDAQ: VNDA) Vanda Pharmaceuticals Inc. $8.35 $12.56 $12.85 Wk-H: $15.65
- focused on treating central nervous system disorders, FDA Advisory Recommends HETLIOZ for Non-24-Hour-Disorder in Totally Blind; Q3
(NASDAQ: CREG) China Recycling Energy Corp. $1.81 $3.07 $4.06 Wk-H: $4.60
- a leading industrial waste-to-energy solution provider in China, Q3 2013 Financial Results, 9-Month Profit +520%
(NASDAQ: PLUG) Plug Power Inc. $0.24 $0.44 $0.64 Wk-H: $0.73
- a leader in clean and reliable energy solutions, Q3 Results, bookings up since $6.5M strategic funding, $26M in 2013 sales orders to date
(NASDAQ: CTIC) Cell Therapeutics Inc. $1.95 $2.04 Wk-H: $2.17
- focused on making cancer more treatable, with Baxter Announces Worldwide Strategic Collaboration to Develop and Commercialize Pacritinib
(NASDAQ: MPAA) Motorcar Parts of America Inc. $15.96 Wk-H: $18.31
- makes aftermarket auto parts i.e. alternators, starters and wheel hubs, Refinances $125M Facility; Strong Q2, Sales +14.8%
(NASDAQ: PERI) Perion Network Ltd. $11.90 Wk-H: $12.27
- develops applications for simple, safe and enjoyable online experiences, Revenues +31% and Non GAAP Net Income +68% in Q3 2013
(NASDAQ: CADX) Cadence Pharmaceuticals Inc. $7.95 Wk-H: $9.39
- biopharm focused on proprietary products used in hospitals, Positive Outcome In OFIRMEV Patent Litigation
(NASDAQ: FTEK) Fuel Tech Inc. $5.56 Wk-H: $6.00
- a world leader in advanced engineering solutions for optimization of combustion systems & emissions control, Q3 revenues +35% to $33.6M
(NASDAQ: CIDM) Cinedigm Digital Cinema Corp. $2.07 Wk-H: $2.29
- modernizes worldwide cinema distribution with its suite of software products, Q2 Fiscal 2014 Financial Results
(NASDAQ: BSPM) Biostar Pharmaceuticals Inc. $1.91 Wk-H: $3.44
- makes pharmaceuticals and health supplements in China, Nov. 15 Q3 Earnings; Regains NASDAQ $1 minimum-bid Compliance
(NASDAQ: AMCF) Andatee China Marine Fuel Services Corp. $1.64 Wk-H: $1.80
- supplies blended marine fuel oil for cargo/fishing vessels in China, Q3 Rev. $61.5M +95%, Gross profit $4.9M +6900% YoY
(NASDAQ: AEZS)(TSX: AEZ) AEterna Zentaris Inc. $1.58 Wk-H: $1.74
- specialty biopharm focused on novel treatments in oncology & endocrinology, Q3 Financial/Operating Results; Submits New FDA Drug App.
OTCBB
(OTCBB: AAMRQ) AMR Corp. $1.90 $2.52 $12.00 Wk-H: $13.50
- AMR Corp. and US Airways settle with U.S. Dept. of Justice and State Attorneys General, allows for completion of merger in December
(OTCBB: CTLE) Nano Labs Corp. $0.11 Wk-H: $0.13
- nanotechnology R&D co. creating a portfolio of products for a variety of industries, Launches New Line of Corrosion Protection Coatings
TSX (quote T. and ticker symbol)
(TSX: E) Enterprise Group Inc. $0.83 Wk-H: $0.87
- consolidator of construction services co.'s in the energy, utility and transportation infrastructure industries, Strong Q3 Results
TSX Venture (quote V. and ticker symbol)
(TSXV: MTO) Metanor Resources Inc. $0.16 $0.21 $0.15 $0.175 Wk-H: $0.195
- with 4-Quebec and 1-Ontario gold properties, Achieves Commercial Production at Bachelor; Produces 4,082 Ounces in October
(TSXV: FLY) FLYHT Aerospace Solutions Ltd. $0.255 $0.38 $0.425 Wk-H: $0.445
- provides real-time data communications technology for airlines, Q3 Revenue +41%; New AFIRS Contract With 1st South American Customer
(TSXV: BG) Barisan Gold Corp. $0.08 $0.07 $0.18 Wk-H: $0.33
- two gold and gold-copper properties in Indonesia's Aceh Province, 262m 1.0% Copper Equivalent in Hole UTD-003 at Upper Tengkereng
(TSXV: SOP) Source Exploration Corp. $0.035 $0.065 Wk-H: $0.09
- focused on gold-silver-copper skarn exploration in the State of Veracruz Mexico, Appoints David Baker Chairman, Board Changes
(TSXV: QHR) QHR Corp. $1.10 Wk-H: $1.16
- a leader in Canadian Healthcare Information Technology, Subsidiary QHR Technologies Named on Deloitte Technology Fast 50 & Fast 500
(TSXV: PCQ) Petrolympic Ltd. $0.125 Wk-H: $0.245
- U.S./Cdn. O&G interests i.e. Quebec's Appalachian Basin (Gaspe Peninsula & St. Lawrence Lowlands), Discovery of conv. natural gas reservoir
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Sunday, November 17, 2013
Sunday, November 10, 2013
InvestorsGuru.com 44 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: TA) TravelCenters of America $9.00 $9.33 Wk-H: $10.24
- with TA, Petro Stopping Centers and Petro, offers diesel/gas, restaurants, truck repairs and stores in 42 states and Canada, Q3 Results
(NYSE: AKS) AK Steel Holding $4.37 $5.07 Wk-H: $5.49
- flat-rolled carbon, stainless and electrical steels for auto, construction, electrical etc., Prevails Again in Patent Infringement Litigation; Q3
(NYSE: KWK) Quicksilver Resources Inc. $2.66 $2.35 Wk-H: $2.48
- Texas-based O&G co. focused on shales and coal beds in North America, Q3 2013 Results; Eni West Texas Joint Exploration Agreement
(NYSE: OME) Omega Protein Corp. $10.75 Wk-H: $11.61
- a leading integrated producer of omega-3 fish oil and specialty protein products, Q3 Results, New Record for Qtrly. Revenues & Gross Profit
(NYSE: PKD) Parker Drilling Co. $7.79 Wk-H: $8.50
- international provider of rental tools and drilling services to the energy industry, Reports 2013 Q3 Results
NYSE MKT AMEX
(AMEX: UVE) Universal Insurance Holdings Inc. $4.99 $5.88 $7.95 $8.12 $8.14 Wk-H: $8.30
- Florida homeowners insurance co. now in N&S Carolina, Hawaii, Georgia, Mass., Maryland, Q3 Net Income Growth of 75%, EPS Growth 100%
(AMEX: GTE)(TSX: GTE) Gran Tierra Energy Inc. $5.76 $6.15 $6.84 $7.80 Wk-H: $8.00
- an O&G exploration and production co. in South America, to Host Q3 2013 Earnings Conference Call on Nov. 12
(AMEX: UQM) UQM Technologies Inc. $1.31 $1.31 $1.67 $1.95 Wk-H: $2.02
- makes efficient electric motors, generators and power controllers for vehicles, marine/military, Fiscal Q2 Total YoY Revenue +71%
(AMEX: ROX) Castle Brands Inc. $0.585 $0.72 $0.78 $0.92 Wk-H: $0.95
- developer and intl. marketer of premium+ branded spirits, Gosling's Black Seal Rum Named a "Hot Prospect" Winner by Impact Newsletter
(AMEX: GSS)(TSX: GSC) Golden Star Resources Ltd. $0.50 $0.606 $0.44 $0.53 Wk-H: $0.57
- Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, Wassa Main +45% Ind. Au Oz.'; Q3 Ups FY Prod. Guide; Lower Mine Expenses
(AMEX: LSG)(TSX: LSG) Lake Shore Gold Corp. $0.25 $0.405 $0.39 Wk-H: $0.40
- 3 wholly owned, multi-million oz. plays in the Timmins Gold Camp, Reports Lower Costs, Improved Grades and Higher Gold Sales in Q3
(AMEX: OESX) Orion Energy Systems Inc. $5.24 Wk-H: $5.48
- a leading power technology co. which makes HIF/LED lighting platforms and wireless/solar systems, Fiscal 2014 Q2 Results
NASDAQ
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 $3.63 $3.28 Wk-H: $3.54
- makes advanced LED lighting solutions in the U.S., Canada and internationally, Reports Q3 2013 Financial Results
(NASDAQ: CLDX) Celldex Therapeutics Inc. $12.04 $18.16 $28.60 $25.57 Wk-H: $29.18
- focused on devastating diseases with a pipeline of cancer drug candidates, CDX-1127 Well Tolerated with Anti-Tumor Activity in Phase 1
(NASDAQ: RRGB) Red Robin Gourmet Burgers Inc. $43.33 $67.70 $81.58 Wk-H: $86.83
- casual dining gourmet burger restaurant chain founded in 1969 with now 491 U.S./Cda. locations, Fiscal Q3 2013 Results
(NASDAQ: CSIQ) Canadian Solar Inc. $10.13 $13.76 $28.31 Wk-H: $29.20
- one of the world's largest solar power co.'s, Prelim. Q3 Results, Earnings Release & Conf. Call on Nov. 13; 100MW China Module Supply Agr.
(NASDAQ: GTAT) GT Advanced Technologies Inc. $4.11 $5.47 $9.95 Wk-H: $10.60
- innovative crystal growth equipment and solutions for solar, LED, electronics, Q3 + Signs Multi-Year Sapphire Materials Agr. With Apple
(NASDAQ: GERN) Geron Corp. $2.61 $4.41 $5.73 Wk-H: $7.79
- clinical stage biopharm developing telomerase inhibitor in hematologic myeloid malignancies, Conf. Call to Discuss Q3-13 Financial Results
(NASDAQ: DRYS) DryShips Inc. $2.29 $3.03 $3.28 Wk-H: $3.49
- operates drybulk carriers/tankers worldwide plus offshore deepwater drilling services, Financial and Operating Results for Q3 2013
(NASDAQ: TREE) Tree.com Inc. $23.27 $31.10 Wk-H: $32.88
- nation's leading online home loan offer source, Q3 YoY: $37.3M Revenue +60%, Record: $15.1M VM Margin +29%, Adj. EBITDA $5.4M +38%
(NASDAQ: HZNP) Horizon Pharma Inc. $2.84 $4.58 Wk-H: $4.92
- specialty pharmaceutical co. targeting arthritis, pain and inflammatory diseases, Q3 2013 Financial Results, Net Revenue of $26.2M
(NASDAQ: OXGN) OXiGENE Inc. $3.10 $3.54 Wk-H: $4.58
- clinical-stage biopharm developing novel cancer therapeutics, Q3 Earnings Conf. Call and Webcast; to Present Nov. 6 at BIO-Europe Conf.
(NASDAQ: OSN) Ossen Innovation Co. Ltd. $1.47 $1.34 Wk-H: $1.54
- Regains Listing Compliance; Two New Steel Strand Supply Contracts for Bridge and Highway Infrastructure Projects in Anhui Province China
(NASDAQ: LPSN) LivePerson Inc. $11.07 Wk-H: $11.47
- enables co.'s with real-time online chat, voice & content, Q3: $45.2M Rev., Adds Record # of New Cust. Logos, Expands Key Relationships
(NASDAQ: EXTR) Extreme Networks Inc. $6.26 Wk-H: $6.65
- high-performance switching and routing products for data centers, networks etc., Q1 FY-14 Results, Buys Enterasys Networks for $180M
(NASDAQ: CYTX) Cytori Therapeutics Inc. $3.50 Wk-H: $3.93
- Licenses Asia-Pacific Cardiovascular, Renal & Diabetes Markets to Lorem Vascular for up to $531M, to Receive $31M Upfront in Equity + IPCs
(NASDAQ: YOD) YOU On Demand Holdings Inc. $2.66 Wk-H: $3.00
- a leading mobile entertainment and Video On Demand platform in China, Goes Mobile in China with Huawei; C Media Invests $2M
OTCBB
(OTCBB: FNMA) Fannie Mae (11 posts since $0.36 in March) $2.40 Wk-H: $2.45
- enables people to buy, refinance or rent a home, Reports Net Income of $8.7B and Comprehensive Income of $8.6B for Q3 2013
(OTCBB: NGHT) NightCulture Inc. $0.10 $0.118 Wk-H: $0.18
- a premier producer of live concerts and events, Announces Busiest Fall Season in Company History With 25+ Concerts and Festivals
(OTCBB: FARE) World Moto Inc. $0.072 $0.074 Wk-H: $0.08
- creator of the first motorcycle taxi meter called Moto-Meter, Granted a Patent in Nigeria; Signs Multiple Letters of Intent for Distribution
TSX (quote T. and ticker symbol)
(TSX: AC.B) Air Canada $1.43 $2.90 $2.65 $3.43 $4.66 $5.72 $5.94 Wk-H: $6.19
- Reports Record Third Quarter 2013 Results, Highest Quarterly Adjusted Net Income and EBITDAR Results in Air Canada's History
(TSX: AVO) Avigilon Corp. $12.13 $15.35 $18.20 $27.37 Wk-H: $28.65
- a leader in high-definition (HD) and megapixel surveillance solutions, Increases $24.10 per common share Equity Financing to $60.0M
(TSX: BKX) BNK Petroleum Inc. $0.80 $1.11 $1.49 $1.80 Wk-H: $1.81
- international O&G explorer with shale gas production in the U.S., Poland, Germany and Spain, Q3 2013 Results
(TSX: NHC) Northstar Healthcare Inc. $1.40 Wk-H: $1.64
- partnered with physicians in three ambulatory surgery centers in Texas, Estimated Monthly Revenue of $4M for Oct. 2013
TSX Venture (quote V. and ticker symbol)
(TSXV: ABM) Athabasca Minerals Inc. $0.92 $1.66 Wk-H: $1.69
- focused on industrial sand and gravel aggregate projects, Reports Q3 Results and Announces Organizational Updates
(TSXV: DXE) DualEx Energy International Inc. $0.26 $0.31 Wk-H: $0.345
- O&G co. focused on Tunisia and Hungary, Closes 1st and 2nd Tranche of Private Placement Financing, 3.884M units at $0.19
(TSXV: PMI) Petromanas Energy Inc. $0.115 $0.13 Wk-H: $0.14
- O&G co. with 1.1M+ acres in Albania's Berati thrust belt, and in France & Australia, Board Resignations; Positive Shpirag-2 Well Test Results
(TSXV: COV) Covalon Technologies Ltd. $1.26 Wk-H: $1.45
- advanced medical technologies co., Announces Major License and Distribution Agreement with Molnlycke Health Care
(TSXV: WAN) Wanted Technologies Corp. $0.93 Wk-H: $0.99
- leading source of business intelligence for the talent marketplace, record revenue of $7.2M and profits of $1.4M ($0.057/share)
(TSXV: BCN) Bacanora Minerals Ltd. $0.75 Wk-H: $0.76
- Sonora Lithium and Magdalena Borate projects in N-Mexico, Significant Lithium Carbonate Recoveries From Prelim. Metallurgical Testing
(TSXV: NAR) North Arrow Minerals Inc. $0.52 Wk-H: $0.60
- diamond projects in Nunavut, NWT, Ontario and Sask., Canada's Newest Diamond Discovery at Pikoo; Closes $5.45M P.P. at $0.40/share
(TSXV: GCO) Global Cobalt Corp. $0.16 Wk-H: $0.18
- strategic metals in a new mining region of the Republic of Altai, First Karakul Cobalt Core; Agr. With China's Top Battery Materials Supplier
(TSXV: QPT) Quest PharmaTech Inc. $0.065 Wk-H: $0.085
- strengthens cancer Antibody Immunotherapy Technology by licensing anti-MUC1 IgE from Stanford U., Researchers to present data Nov. 9
(TSXV: XME) Xmet Inc. $0.025 Wk-H: $0.025
- Enters Graphite Arena with its Blackflake Project, A 100% Owned Property Abutting V.ZEN Zenyatta's Albany "Graphite" Project
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.
NYSE
(NYSE: TA) TravelCenters of America $9.00 $9.33 Wk-H: $10.24
- with TA, Petro Stopping Centers and Petro, offers diesel/gas, restaurants, truck repairs and stores in 42 states and Canada, Q3 Results
(NYSE: AKS) AK Steel Holding $4.37 $5.07 Wk-H: $5.49
- flat-rolled carbon, stainless and electrical steels for auto, construction, electrical etc., Prevails Again in Patent Infringement Litigation; Q3
(NYSE: KWK) Quicksilver Resources Inc. $2.66 $2.35 Wk-H: $2.48
- Texas-based O&G co. focused on shales and coal beds in North America, Q3 2013 Results; Eni West Texas Joint Exploration Agreement
(NYSE: OME) Omega Protein Corp. $10.75 Wk-H: $11.61
- a leading integrated producer of omega-3 fish oil and specialty protein products, Q3 Results, New Record for Qtrly. Revenues & Gross Profit
(NYSE: PKD) Parker Drilling Co. $7.79 Wk-H: $8.50
- international provider of rental tools and drilling services to the energy industry, Reports 2013 Q3 Results
NYSE MKT AMEX
(AMEX: UVE) Universal Insurance Holdings Inc. $4.99 $5.88 $7.95 $8.12 $8.14 Wk-H: $8.30
- Florida homeowners insurance co. now in N&S Carolina, Hawaii, Georgia, Mass., Maryland, Q3 Net Income Growth of 75%, EPS Growth 100%
(AMEX: GTE)(TSX: GTE) Gran Tierra Energy Inc. $5.76 $6.15 $6.84 $7.80 Wk-H: $8.00
- an O&G exploration and production co. in South America, to Host Q3 2013 Earnings Conference Call on Nov. 12
(AMEX: UQM) UQM Technologies Inc. $1.31 $1.31 $1.67 $1.95 Wk-H: $2.02
- makes efficient electric motors, generators and power controllers for vehicles, marine/military, Fiscal Q2 Total YoY Revenue +71%
(AMEX: ROX) Castle Brands Inc. $0.585 $0.72 $0.78 $0.92 Wk-H: $0.95
- developer and intl. marketer of premium+ branded spirits, Gosling's Black Seal Rum Named a "Hot Prospect" Winner by Impact Newsletter
(AMEX: GSS)(TSX: GSC) Golden Star Resources Ltd. $0.50 $0.606 $0.44 $0.53 Wk-H: $0.57
- Bogoso/Prestea and Wassa/HBB open-pit gold mines in Ghana, Wassa Main +45% Ind. Au Oz.'; Q3 Ups FY Prod. Guide; Lower Mine Expenses
(AMEX: LSG)(TSX: LSG) Lake Shore Gold Corp. $0.25 $0.405 $0.39 Wk-H: $0.40
- 3 wholly owned, multi-million oz. plays in the Timmins Gold Camp, Reports Lower Costs, Improved Grades and Higher Gold Sales in Q3
(AMEX: OESX) Orion Energy Systems Inc. $5.24 Wk-H: $5.48
- a leading power technology co. which makes HIF/LED lighting platforms and wireless/solar systems, Fiscal 2014 Q2 Results
NASDAQ
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 $3.63 $3.28 Wk-H: $3.54
- makes advanced LED lighting solutions in the U.S., Canada and internationally, Reports Q3 2013 Financial Results
(NASDAQ: CLDX) Celldex Therapeutics Inc. $12.04 $18.16 $28.60 $25.57 Wk-H: $29.18
- focused on devastating diseases with a pipeline of cancer drug candidates, CDX-1127 Well Tolerated with Anti-Tumor Activity in Phase 1
(NASDAQ: RRGB) Red Robin Gourmet Burgers Inc. $43.33 $67.70 $81.58 Wk-H: $86.83
- casual dining gourmet burger restaurant chain founded in 1969 with now 491 U.S./Cda. locations, Fiscal Q3 2013 Results
(NASDAQ: CSIQ) Canadian Solar Inc. $10.13 $13.76 $28.31 Wk-H: $29.20
- one of the world's largest solar power co.'s, Prelim. Q3 Results, Earnings Release & Conf. Call on Nov. 13; 100MW China Module Supply Agr.
(NASDAQ: GTAT) GT Advanced Technologies Inc. $4.11 $5.47 $9.95 Wk-H: $10.60
- innovative crystal growth equipment and solutions for solar, LED, electronics, Q3 + Signs Multi-Year Sapphire Materials Agr. With Apple
(NASDAQ: GERN) Geron Corp. $2.61 $4.41 $5.73 Wk-H: $7.79
- clinical stage biopharm developing telomerase inhibitor in hematologic myeloid malignancies, Conf. Call to Discuss Q3-13 Financial Results
(NASDAQ: DRYS) DryShips Inc. $2.29 $3.03 $3.28 Wk-H: $3.49
- operates drybulk carriers/tankers worldwide plus offshore deepwater drilling services, Financial and Operating Results for Q3 2013
(NASDAQ: TREE) Tree.com Inc. $23.27 $31.10 Wk-H: $32.88
- nation's leading online home loan offer source, Q3 YoY: $37.3M Revenue +60%, Record: $15.1M VM Margin +29%, Adj. EBITDA $5.4M +38%
(NASDAQ: HZNP) Horizon Pharma Inc. $2.84 $4.58 Wk-H: $4.92
- specialty pharmaceutical co. targeting arthritis, pain and inflammatory diseases, Q3 2013 Financial Results, Net Revenue of $26.2M
(NASDAQ: OXGN) OXiGENE Inc. $3.10 $3.54 Wk-H: $4.58
- clinical-stage biopharm developing novel cancer therapeutics, Q3 Earnings Conf. Call and Webcast; to Present Nov. 6 at BIO-Europe Conf.
(NASDAQ: OSN) Ossen Innovation Co. Ltd. $1.47 $1.34 Wk-H: $1.54
- Regains Listing Compliance; Two New Steel Strand Supply Contracts for Bridge and Highway Infrastructure Projects in Anhui Province China
(NASDAQ: LPSN) LivePerson Inc. $11.07 Wk-H: $11.47
- enables co.'s with real-time online chat, voice & content, Q3: $45.2M Rev., Adds Record # of New Cust. Logos, Expands Key Relationships
(NASDAQ: EXTR) Extreme Networks Inc. $6.26 Wk-H: $6.65
- high-performance switching and routing products for data centers, networks etc., Q1 FY-14 Results, Buys Enterasys Networks for $180M
(NASDAQ: CYTX) Cytori Therapeutics Inc. $3.50 Wk-H: $3.93
- Licenses Asia-Pacific Cardiovascular, Renal & Diabetes Markets to Lorem Vascular for up to $531M, to Receive $31M Upfront in Equity + IPCs
(NASDAQ: YOD) YOU On Demand Holdings Inc. $2.66 Wk-H: $3.00
- a leading mobile entertainment and Video On Demand platform in China, Goes Mobile in China with Huawei; C Media Invests $2M
OTCBB
(OTCBB: FNMA) Fannie Mae (11 posts since $0.36 in March) $2.40 Wk-H: $2.45
- enables people to buy, refinance or rent a home, Reports Net Income of $8.7B and Comprehensive Income of $8.6B for Q3 2013
(OTCBB: NGHT) NightCulture Inc. $0.10 $0.118 Wk-H: $0.18
- a premier producer of live concerts and events, Announces Busiest Fall Season in Company History With 25+ Concerts and Festivals
(OTCBB: FARE) World Moto Inc. $0.072 $0.074 Wk-H: $0.08
- creator of the first motorcycle taxi meter called Moto-Meter, Granted a Patent in Nigeria; Signs Multiple Letters of Intent for Distribution
TSX (quote T. and ticker symbol)
(TSX: AC.B) Air Canada $1.43 $2.90 $2.65 $3.43 $4.66 $5.72 $5.94 Wk-H: $6.19
- Reports Record Third Quarter 2013 Results, Highest Quarterly Adjusted Net Income and EBITDAR Results in Air Canada's History
(TSX: AVO) Avigilon Corp. $12.13 $15.35 $18.20 $27.37 Wk-H: $28.65
- a leader in high-definition (HD) and megapixel surveillance solutions, Increases $24.10 per common share Equity Financing to $60.0M
(TSX: BKX) BNK Petroleum Inc. $0.80 $1.11 $1.49 $1.80 Wk-H: $1.81
- international O&G explorer with shale gas production in the U.S., Poland, Germany and Spain, Q3 2013 Results
(TSX: NHC) Northstar Healthcare Inc. $1.40 Wk-H: $1.64
- partnered with physicians in three ambulatory surgery centers in Texas, Estimated Monthly Revenue of $4M for Oct. 2013
TSX Venture (quote V. and ticker symbol)
(TSXV: ABM) Athabasca Minerals Inc. $0.92 $1.66 Wk-H: $1.69
- focused on industrial sand and gravel aggregate projects, Reports Q3 Results and Announces Organizational Updates
(TSXV: DXE) DualEx Energy International Inc. $0.26 $0.31 Wk-H: $0.345
- O&G co. focused on Tunisia and Hungary, Closes 1st and 2nd Tranche of Private Placement Financing, 3.884M units at $0.19
(TSXV: PMI) Petromanas Energy Inc. $0.115 $0.13 Wk-H: $0.14
- O&G co. with 1.1M+ acres in Albania's Berati thrust belt, and in France & Australia, Board Resignations; Positive Shpirag-2 Well Test Results
(TSXV: COV) Covalon Technologies Ltd. $1.26 Wk-H: $1.45
- advanced medical technologies co., Announces Major License and Distribution Agreement with Molnlycke Health Care
(TSXV: WAN) Wanted Technologies Corp. $0.93 Wk-H: $0.99
- leading source of business intelligence for the talent marketplace, record revenue of $7.2M and profits of $1.4M ($0.057/share)
(TSXV: BCN) Bacanora Minerals Ltd. $0.75 Wk-H: $0.76
- Sonora Lithium and Magdalena Borate projects in N-Mexico, Significant Lithium Carbonate Recoveries From Prelim. Metallurgical Testing
(TSXV: NAR) North Arrow Minerals Inc. $0.52 Wk-H: $0.60
- diamond projects in Nunavut, NWT, Ontario and Sask., Canada's Newest Diamond Discovery at Pikoo; Closes $5.45M P.P. at $0.40/share
(TSXV: GCO) Global Cobalt Corp. $0.16 Wk-H: $0.18
- strategic metals in a new mining region of the Republic of Altai, First Karakul Cobalt Core; Agr. With China's Top Battery Materials Supplier
(TSXV: QPT) Quest PharmaTech Inc. $0.065 Wk-H: $0.085
- strengthens cancer Antibody Immunotherapy Technology by licensing anti-MUC1 IgE from Stanford U., Researchers to present data Nov. 9
(TSXV: XME) Xmet Inc. $0.025 Wk-H: $0.025
- Enters Graphite Arena with its Blackflake Project, A 100% Owned Property Abutting V.ZEN Zenyatta's Albany "Graphite" Project
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Saturday, November 2, 2013
InvestorsGuru.com 28 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: STP) Suntech Power Holdings Co. Ltd. $1.06 $1.32 $1.54 $1.38 Wk-H: $1.46
- manufactures gigawatt-scale solar products worldwide, to Contest Chapter 7 Filing; Receives Investment Letter of Intent from Wuxi Guolian
(NYSE: GDOT) Green Dot Corp. $17.95 $23.42 $24.30 Wk-H: $25.94
- prepaid debit/card svcs at 60k+ retailers, Q3 Non-GAAP: Rev. +4%, dEPS $0.24 on Better Usage/More Cust's; Expands Walmart MoneyCard
(NYSE: SSNI) Silver Spring Networks Inc. $17.80 $21.46 Wk-H: $22.00
- a platform/solutions provider for smart energy networks, Q3 non-GAAP: YoY Rev. $94.2M +11%, margin 42% vs. 31%, net $9.7M vs. nil
(NYSE: GBX) Greenbrier Cos. Inc. $29.28 Wk-H: $30.00
- a leading supplier of transportation equip./svcs to railroads, Record Q4 Earnings, $110M Net Debt Reduction Over Q3, $50M Share Buyback
NYSE MKT AMEX
(AMEX: LCI) Lannett Co. Inc. $8.20 $11.00 $12.65 $14.07 $15.15 $19.26 $23.94 Wk-H: $25.48
- founded 1942, a generic pharmaceutical co. for a wide range of medical indications, Prelim F-Q4/14 Net Sales $45M, Adj EPS $0.20 to $0.22
(AMEX: FU) FAB Universal Corp. $3.31 $4.15 $5.05 $9.49 $6.37 $6.49 Wk-H: $6.92
- a worldwide distributor of digital media and entertainment, Board of Directors Appoints Steve Sun as Chief Operating Officer
(AMEX: IG) Igi Laboratories Inc. $1.60 $2.02 $2.05 Wk-H: $2.77
- New Jersey topical generic drug developer and manufacturer for pharmaceutical, OTC and cosmetics, Q3 2013 Results
(AMEX: GIG) GigOptix Inc. $1.43 $1.33 $1.50 Wk-H: $1.55
- supplies advanced semiconductor communications components for the Cloud, data centers, high-speed optical/wireless networks, Q3 2013
NASDAQ
(NASDAQ: OSIR) Osiris Therapeutics Inc. $9.05 $25.44 $16.59 Wk-H: $17.95
- the leading stem cell co. focused on orthopedics, sports medicine and wound care, Q3 Rev. +220%, Strong Bal. Sheet, Profitable, +Cash Flow
(NASDAQ: IQNT) Inteliquent Inc. $4.53 $8.62 $12.50 Wk-H: $12.86
- a leading provider of wholesale voice services for wireless carriers and cable service providers, Q3 Results and Ups 2013 Financial Estimates
(NASDAQ: PRAN) Prana Biotechnology Ltd. $2.82 $6.03 $4.38 Wk-H: $4.87
- commercializes research into age-related neurodegenerative disorders, PBT2 Reverses Memory Loss in Normal Aging
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 $2.46 Wk-H: $3.46
- Phyxius Pharma with Oxygen Biotherapeutics Announces New Evidence That Levosimendan Can Reduce Mortality in Heart Surgery Patients
(NASDAQ: NYNY) Empire Resorts Inc. $3.00 $6.33 Wk-H: $7.21
- owns and operates the Monticello Casino and Raceway, Denial of Article 78 Petition; Dismissal of Lawsuit
(NASDAQ: ZLTQ) ZELTIQ Aesthetics Inc. $13.68 Wk-H: $14.06
- medical tech. co. focused on utilizing its proprietary controlled-cooling technology platform, Q3 YoY Results: Total Revenue $29.5M +64%
(NASDAQ: SHOR) ShoreTel Inc. $7.88 Wk-H: $8.15
- leading provider of brilliantly simple unified communications solutions, Q1/14: 32% Cloud Rev. Growth YoY Record, Non-GAAP Profitability
(NASDAQ: IRIX) IRIDEX Corp. $7.28 Wk-H: $7.69
- a worldwide leader in developing/manufacturing/marketing innovative and versatile laser-based medical systems, Q3 Record $9.5M Revenue
(NASDAQ: IDIX) Idenix Pharmaceuticals Inc. $4.58 Wk-H: $4.74
- focused on the discovery and development of drugs to treat human viral diseases, Q3 and 9-Month Financial Results, HCV Pipeline Update
(NASDAQ: LIOX) Lionbridge Technologies Inc. $4.38 Wk-H: $4.90
- a leading provider of globalization solutions, Record Q3: $124.6M Revenue, GAAP EPS $0.08, Non-GAAP EPS $0.14 and $17.4M Cash Flow
(NASDAQ: DRAD) Digirad Corp. $3.82 Wk-H: $4.19
- one of the largest natl. providers of in-office nuclear cardiology imaging & ultrasound, Q3/9Mo. Return to Profit, $2.4M Cash Flow, $.05 Div.
OTCBB
(OTCBB: BCYP) Blue Calypso Inc. $0.17 $0.21 Wk-H: $0.238
- develops digital innovation products and services for social media via its patented IP portfolio, to Discuss Business on Update Conf. Call
TSX (quote T. and ticker symbol)
(TSX: AC.B) Air Canada $1.43 $2.90 $2.65 $3.43 $4.66 $5.72 Wk-H: $5.90
- rouge launches Toronto-Las Vegas service with more seats than any other carrier; commences Montreal-Las Vegas flights March 2014
(TSX: TRZ.B) Transat A.T. Inc. $8.24 $9.90 $13.10 Wk-H: $13.29
- one of the world's largest tour co's, Canada's holiday travel leader, Now flying to 29 Euro cities; seasonal leasing French Boeing B737-800s
(TSX: LOR) Lorus Therapeutics Inc. $0.69 Wk-H: $0.79
- to Focus LOR-253 Development on AML Based on Genetic Insights Into the Causes of Certain Hematologic Cancers
(TSX: TH) Theratechnologies Inc. $0.28 Wk-H: $0.32
- biopharmaceutical co. with an emphasis on growth-hormone releasing factor peptides, Health Canada Agrees to Reconsider Tesamorelin
TSX Venture (quote V. and ticker symbol)
(TSXV: WZR) WesternZagros Resources Ltd. $1.05 $1.34 $0.92 Wk-H: $0.96
- O&G co. in Kurdistan Iraq with a 40% working interest in 2 Prod. Sharing Contracts, to Participate at TD Sec's Middle East Geo-Political Forum
(TSXV: ZMS) Zecotek Photonics Inc. $0.57 $0.89 Wk-H: $0.94
- Imaging Technologies Showcased with Hamamatsu Photonics at the Nuclear Science Symposium and Medical Imaging Conf. in Seoul Korea
(TSXV: GPH) Graphite One Resources Inc. $0.115 $0.185 Wk-H: $0.19
- focused on its Graphite Creek Property at Alaska's Seward Peninsula, Completes 2013 Field Program
(TSXV: ZED) Zedi Inc. $1.04 Wk-H: $1.05
- helps the world's O&G producers be more productive, profitable and sustainable via technology/svcs, Reviewing Strategic Alternatives
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NYSE
(NYSE: STP) Suntech Power Holdings Co. Ltd. $1.06 $1.32 $1.54 $1.38 Wk-H: $1.46
- manufactures gigawatt-scale solar products worldwide, to Contest Chapter 7 Filing; Receives Investment Letter of Intent from Wuxi Guolian
(NYSE: GDOT) Green Dot Corp. $17.95 $23.42 $24.30 Wk-H: $25.94
- prepaid debit/card svcs at 60k+ retailers, Q3 Non-GAAP: Rev. +4%, dEPS $0.24 on Better Usage/More Cust's; Expands Walmart MoneyCard
(NYSE: SSNI) Silver Spring Networks Inc. $17.80 $21.46 Wk-H: $22.00
- a platform/solutions provider for smart energy networks, Q3 non-GAAP: YoY Rev. $94.2M +11%, margin 42% vs. 31%, net $9.7M vs. nil
(NYSE: GBX) Greenbrier Cos. Inc. $29.28 Wk-H: $30.00
- a leading supplier of transportation equip./svcs to railroads, Record Q4 Earnings, $110M Net Debt Reduction Over Q3, $50M Share Buyback
NYSE MKT AMEX
(AMEX: LCI) Lannett Co. Inc. $8.20 $11.00 $12.65 $14.07 $15.15 $19.26 $23.94 Wk-H: $25.48
- founded 1942, a generic pharmaceutical co. for a wide range of medical indications, Prelim F-Q4/14 Net Sales $45M, Adj EPS $0.20 to $0.22
(AMEX: FU) FAB Universal Corp. $3.31 $4.15 $5.05 $9.49 $6.37 $6.49 Wk-H: $6.92
- a worldwide distributor of digital media and entertainment, Board of Directors Appoints Steve Sun as Chief Operating Officer
(AMEX: IG) Igi Laboratories Inc. $1.60 $2.02 $2.05 Wk-H: $2.77
- New Jersey topical generic drug developer and manufacturer for pharmaceutical, OTC and cosmetics, Q3 2013 Results
(AMEX: GIG) GigOptix Inc. $1.43 $1.33 $1.50 Wk-H: $1.55
- supplies advanced semiconductor communications components for the Cloud, data centers, high-speed optical/wireless networks, Q3 2013
NASDAQ
(NASDAQ: OSIR) Osiris Therapeutics Inc. $9.05 $25.44 $16.59 Wk-H: $17.95
- the leading stem cell co. focused on orthopedics, sports medicine and wound care, Q3 Rev. +220%, Strong Bal. Sheet, Profitable, +Cash Flow
(NASDAQ: IQNT) Inteliquent Inc. $4.53 $8.62 $12.50 Wk-H: $12.86
- a leading provider of wholesale voice services for wireless carriers and cable service providers, Q3 Results and Ups 2013 Financial Estimates
(NASDAQ: PRAN) Prana Biotechnology Ltd. $2.82 $6.03 $4.38 Wk-H: $4.87
- commercializes research into age-related neurodegenerative disorders, PBT2 Reverses Memory Loss in Normal Aging
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 $2.46 Wk-H: $3.46
- Phyxius Pharma with Oxygen Biotherapeutics Announces New Evidence That Levosimendan Can Reduce Mortality in Heart Surgery Patients
(NASDAQ: NYNY) Empire Resorts Inc. $3.00 $6.33 Wk-H: $7.21
- owns and operates the Monticello Casino and Raceway, Denial of Article 78 Petition; Dismissal of Lawsuit
(NASDAQ: ZLTQ) ZELTIQ Aesthetics Inc. $13.68 Wk-H: $14.06
- medical tech. co. focused on utilizing its proprietary controlled-cooling technology platform, Q3 YoY Results: Total Revenue $29.5M +64%
(NASDAQ: SHOR) ShoreTel Inc. $7.88 Wk-H: $8.15
- leading provider of brilliantly simple unified communications solutions, Q1/14: 32% Cloud Rev. Growth YoY Record, Non-GAAP Profitability
(NASDAQ: IRIX) IRIDEX Corp. $7.28 Wk-H: $7.69
- a worldwide leader in developing/manufacturing/marketing innovative and versatile laser-based medical systems, Q3 Record $9.5M Revenue
(NASDAQ: IDIX) Idenix Pharmaceuticals Inc. $4.58 Wk-H: $4.74
- focused on the discovery and development of drugs to treat human viral diseases, Q3 and 9-Month Financial Results, HCV Pipeline Update
(NASDAQ: LIOX) Lionbridge Technologies Inc. $4.38 Wk-H: $4.90
- a leading provider of globalization solutions, Record Q3: $124.6M Revenue, GAAP EPS $0.08, Non-GAAP EPS $0.14 and $17.4M Cash Flow
(NASDAQ: DRAD) Digirad Corp. $3.82 Wk-H: $4.19
- one of the largest natl. providers of in-office nuclear cardiology imaging & ultrasound, Q3/9Mo. Return to Profit, $2.4M Cash Flow, $.05 Div.
OTCBB
(OTCBB: BCYP) Blue Calypso Inc. $0.17 $0.21 Wk-H: $0.238
- develops digital innovation products and services for social media via its patented IP portfolio, to Discuss Business on Update Conf. Call
TSX (quote T. and ticker symbol)
(TSX: AC.B) Air Canada $1.43 $2.90 $2.65 $3.43 $4.66 $5.72 Wk-H: $5.90
- rouge launches Toronto-Las Vegas service with more seats than any other carrier; commences Montreal-Las Vegas flights March 2014
(TSX: TRZ.B) Transat A.T. Inc. $8.24 $9.90 $13.10 Wk-H: $13.29
- one of the world's largest tour co's, Canada's holiday travel leader, Now flying to 29 Euro cities; seasonal leasing French Boeing B737-800s
(TSX: LOR) Lorus Therapeutics Inc. $0.69 Wk-H: $0.79
- to Focus LOR-253 Development on AML Based on Genetic Insights Into the Causes of Certain Hematologic Cancers
(TSX: TH) Theratechnologies Inc. $0.28 Wk-H: $0.32
- biopharmaceutical co. with an emphasis on growth-hormone releasing factor peptides, Health Canada Agrees to Reconsider Tesamorelin
TSX Venture (quote V. and ticker symbol)
(TSXV: WZR) WesternZagros Resources Ltd. $1.05 $1.34 $0.92 Wk-H: $0.96
- O&G co. in Kurdistan Iraq with a 40% working interest in 2 Prod. Sharing Contracts, to Participate at TD Sec's Middle East Geo-Political Forum
(TSXV: ZMS) Zecotek Photonics Inc. $0.57 $0.89 Wk-H: $0.94
- Imaging Technologies Showcased with Hamamatsu Photonics at the Nuclear Science Symposium and Medical Imaging Conf. in Seoul Korea
(TSXV: GPH) Graphite One Resources Inc. $0.115 $0.185 Wk-H: $0.19
- focused on its Graphite Creek Property at Alaska's Seward Peninsula, Completes 2013 Field Program
(TSXV: ZED) Zedi Inc. $1.04 Wk-H: $1.05
- helps the world's O&G producers be more productive, profitable and sustainable via technology/svcs, Reviewing Strategic Alternatives
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Tuesday, October 29, 2013
Uranium: Ur-Energy Closes US$34M State Bond Loan; Is URZ Next? - InvestorsGuru.com
Government Loan Validates Project While Lowering Debt Costs
On October 24 (AMEX: URG)(TSX: URE) Ur-Energy announced the closing of its long anticipated US$34M Wyoming Industrial Development Revenue Bond financing. The company used this lower cost loan—5.75% fixed interest rate maturing in 8-years—to immediately repay two higher cost RMB Australia Holdings (RMB) bridge loans—totalling US$35M at 7.5% + LIBOR. In addition to significantly reducing high-cost all-in effective interest rates of around 18%, URG gets RMB rebates of US$450K in closing fees, and 1.5M warrants at US$1.25/share are cancelled.
URG's CEO states, "I am very pleased to announce the successful completion of this funding. It is a testament to the viability of the Lost Creek project that it can stand up to the State's lengthy and rigorous due diligence process. Converting the Company's debt instruments to the more favorable State Bond Loan provides a manageable debt service schedule that will serve the Company and its shareholders well. Ongoing operations at the Lost Creek Project will provide Ur-Energy with the opportunity to advance its Wyoming growth strategy."
The news release also states that a portion of the RMB first loan facility remains available to be redrawn for specific purposes. With URG presumably having around US$20M at year's end, this might come into play again as URG pursues its next key driver, to complete the US$18.25M purchase of Pathfinder Mines and its high-quality Shirley Basin and Lucky Mc mine sites—1960s-1990s production of 71Mlbs. of uranium with an estimated non-NI 43-101 resource of 15Mlbs. remaining.
URG's 100% owned Lost Creek mine in south-central Wyoming commenced production in August and is now fully operational—set to produce 275Klbs. in 2013 as it ramps up towards the mine's planned rate of 1Mlbs./year, with a 2Mlb./year capacity. Some expect the Shirley Basin project to contribute to URG's production in about two-years—ramping up to ~1Mlbs./year.
Ur-Energy has constructed, is producing and is expected to commission in Q4 its first ISR uranium mine. The company's stock has understandably outperformed most uranium producers or developers that are down with U3O8 prices this year. URG is not just down as much, it is actually up +69% from its US$0.70 low last December to Monday's close price of US$1.18, with a market cap of US$145M.
The protracted closing of the company's state loan was obviously weighing on URG's price recently, which has seen a 12% pop since last Thursday's news release. Analysts who follow the stock have significantly higher targets that are already getting upgraded to reflect higher NAVPS amounts in light of de-risking and catalyst events: lower debt costs with more flexibility as principal payments are not due now until January 2015, production and sales are advancing on or ahead of schedule, with the Shirley Basin transaction and quarterly financial updates anticipated over the next few weeks.
Ur-Energy has other exploration and development uranium projects in the United States and Canada. These include its Lost Soldier project 14-miles to the northeast of Lost Creek, Mustang in Nebraska and others. Their Screech Lake exploration project in the Thelon Basin NWT covers 140K+ acres.
Is Uranerz Energy's US$20M Bond Loan Closing Next?
U3O8 yellow-cake is an important industry in Wyoming, and a strategic U.S. resource needing to be developed quickly for its 100 nuclear power reactors that provide 20% of the country's electricity. The U.S. produces only 8% of its consumption and with the 20-year HEU Agreement now ending, it needs reliable new uranium resources to replace the half of its supply that came from Russian warheads.
We have mentioned several Wyoming based uranium miners before including Ur-Energy and (AMEX: URZ)(TSX: URZ) Uranerz Energy. URZ is to the north of URG, but in the prolific Powder River Basin (PRB) which produces most of the U.S.' uranium. URG applied a couple of months ahead of URZ for this state's coveted low-cost loans—funded by its Permanent Mineral Trust Fund.
Ur-Energy applied to the Wyoming Business Council for its US$34M loan in June 2012, which took around 17-months until last week to close. Uranerz applied for its US$20M loan in September of last year, which was approved this spring and waits to be closed. However instead of taking a few more months, one might reasonably argue that URZ' loan could close sooner—perhaps weeks—as URG had to resolve an environmental group's court petition, which likely delayed its loan closing.
Assuming Uranerz' US$20M loan closes on similar interest rate and payment terms, and for the entire amount—like URG's loan—URZ will likely also pay back its higher cost bridge loan. June's US$6M short-term note financing was needed to keep construction on pace at Nichols Ranch, URZ' first ISR uranium mine located in the central PRB, surrounded by (TSX: CCO)(NYSE: CCJ) Cameco—world's largest public uranium miner—and (TSX: UUU) Uranium One—now a Russian private company.
Uranerz did not take on a second bridge loan when needed last month; instead US$10M in equity financing was completed at US$1.17/share. This avoids walking the high-cost financing tightrope and may leave URZ with US$20M in debt and over US$14M in cash versus URG's US$34M in debt and little cash—assuming URZ' US$6M note is repaid on its state loan closing, and URG's Shirley Basin closes. URZ' mine is also licensed for up to 2Mlbs./year, but at double URG's grade and with only 7 out of URZ' 30 PRB projects explored so far—versus URG's mine in the less established Great Divide Basin. URZ also has significantly fewer shares outstanding with 85.8M versus URG's 122.5M.
Some uranium miners were smart and lucky enough to lock in past prices at much higher than today's US$35.25/lb. spot U3O8 price. URG could be selling its first U3O8 as early as next month, delivered to its six premium sales contracts going out to 2019—some at prices over US$60/lb.. URZ also has multiple premium long-term contracts with major utilities such as (NYSE: EXC) Exelon and others, plus a processing agreement with Cameco to save time, operating and CAPEX costs into production.
We continue to watch for Uranerz' state loan closing, completion of drilling at its second of two Deep Disposal Wells and other mine construction milestones, with production anticipated around year's end. URZ closed just 3-cents above its 52-week low at US$0.91, with a market cap of US$78M. This makes little sense with most analysts having targets over double URZ' current price—with similar de-risking and catalyst events unfolding that may soon result in a stock re-rating going into production.
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.
On October 24 (AMEX: URG)(TSX: URE) Ur-Energy announced the closing of its long anticipated US$34M Wyoming Industrial Development Revenue Bond financing. The company used this lower cost loan—5.75% fixed interest rate maturing in 8-years—to immediately repay two higher cost RMB Australia Holdings (RMB) bridge loans—totalling US$35M at 7.5% + LIBOR. In addition to significantly reducing high-cost all-in effective interest rates of around 18%, URG gets RMB rebates of US$450K in closing fees, and 1.5M warrants at US$1.25/share are cancelled.
URG's CEO states, "I am very pleased to announce the successful completion of this funding. It is a testament to the viability of the Lost Creek project that it can stand up to the State's lengthy and rigorous due diligence process. Converting the Company's debt instruments to the more favorable State Bond Loan provides a manageable debt service schedule that will serve the Company and its shareholders well. Ongoing operations at the Lost Creek Project will provide Ur-Energy with the opportunity to advance its Wyoming growth strategy."
The news release also states that a portion of the RMB first loan facility remains available to be redrawn for specific purposes. With URG presumably having around US$20M at year's end, this might come into play again as URG pursues its next key driver, to complete the US$18.25M purchase of Pathfinder Mines and its high-quality Shirley Basin and Lucky Mc mine sites—1960s-1990s production of 71Mlbs. of uranium with an estimated non-NI 43-101 resource of 15Mlbs. remaining.
URG's 100% owned Lost Creek mine in south-central Wyoming commenced production in August and is now fully operational—set to produce 275Klbs. in 2013 as it ramps up towards the mine's planned rate of 1Mlbs./year, with a 2Mlb./year capacity. Some expect the Shirley Basin project to contribute to URG's production in about two-years—ramping up to ~1Mlbs./year.
Ur-Energy has constructed, is producing and is expected to commission in Q4 its first ISR uranium mine. The company's stock has understandably outperformed most uranium producers or developers that are down with U3O8 prices this year. URG is not just down as much, it is actually up +69% from its US$0.70 low last December to Monday's close price of US$1.18, with a market cap of US$145M.
The protracted closing of the company's state loan was obviously weighing on URG's price recently, which has seen a 12% pop since last Thursday's news release. Analysts who follow the stock have significantly higher targets that are already getting upgraded to reflect higher NAVPS amounts in light of de-risking and catalyst events: lower debt costs with more flexibility as principal payments are not due now until January 2015, production and sales are advancing on or ahead of schedule, with the Shirley Basin transaction and quarterly financial updates anticipated over the next few weeks.
Ur-Energy has other exploration and development uranium projects in the United States and Canada. These include its Lost Soldier project 14-miles to the northeast of Lost Creek, Mustang in Nebraska and others. Their Screech Lake exploration project in the Thelon Basin NWT covers 140K+ acres.
Is Uranerz Energy's US$20M Bond Loan Closing Next?
U3O8 yellow-cake is an important industry in Wyoming, and a strategic U.S. resource needing to be developed quickly for its 100 nuclear power reactors that provide 20% of the country's electricity. The U.S. produces only 8% of its consumption and with the 20-year HEU Agreement now ending, it needs reliable new uranium resources to replace the half of its supply that came from Russian warheads.
We have mentioned several Wyoming based uranium miners before including Ur-Energy and (AMEX: URZ)(TSX: URZ) Uranerz Energy. URZ is to the north of URG, but in the prolific Powder River Basin (PRB) which produces most of the U.S.' uranium. URG applied a couple of months ahead of URZ for this state's coveted low-cost loans—funded by its Permanent Mineral Trust Fund.
Ur-Energy applied to the Wyoming Business Council for its US$34M loan in June 2012, which took around 17-months until last week to close. Uranerz applied for its US$20M loan in September of last year, which was approved this spring and waits to be closed. However instead of taking a few more months, one might reasonably argue that URZ' loan could close sooner—perhaps weeks—as URG had to resolve an environmental group's court petition, which likely delayed its loan closing.
Assuming Uranerz' US$20M loan closes on similar interest rate and payment terms, and for the entire amount—like URG's loan—URZ will likely also pay back its higher cost bridge loan. June's US$6M short-term note financing was needed to keep construction on pace at Nichols Ranch, URZ' first ISR uranium mine located in the central PRB, surrounded by (TSX: CCO)(NYSE: CCJ) Cameco—world's largest public uranium miner—and (TSX: UUU) Uranium One—now a Russian private company.
Uranerz did not take on a second bridge loan when needed last month; instead US$10M in equity financing was completed at US$1.17/share. This avoids walking the high-cost financing tightrope and may leave URZ with US$20M in debt and over US$14M in cash versus URG's US$34M in debt and little cash—assuming URZ' US$6M note is repaid on its state loan closing, and URG's Shirley Basin closes. URZ' mine is also licensed for up to 2Mlbs./year, but at double URG's grade and with only 7 out of URZ' 30 PRB projects explored so far—versus URG's mine in the less established Great Divide Basin. URZ also has significantly fewer shares outstanding with 85.8M versus URG's 122.5M.
Some uranium miners were smart and lucky enough to lock in past prices at much higher than today's US$35.25/lb. spot U3O8 price. URG could be selling its first U3O8 as early as next month, delivered to its six premium sales contracts going out to 2019—some at prices over US$60/lb.. URZ also has multiple premium long-term contracts with major utilities such as (NYSE: EXC) Exelon and others, plus a processing agreement with Cameco to save time, operating and CAPEX costs into production.
We continue to watch for Uranerz' state loan closing, completion of drilling at its second of two Deep Disposal Wells and other mine construction milestones, with production anticipated around year's end. URZ closed just 3-cents above its 52-week low at US$0.91, with a market cap of US$78M. This makes little sense with most analysts having targets over double URZ' current price—with similar de-risking and catalyst events unfolding that may soon result in a stock re-rating going into production.
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