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, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. 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 $18.20 $33.78 $35.48 Wk-H: $37.98
- PV solar power manufacturer in China, to take over assets of Zhejiang Topoint; RMB400M 15-Year project loan agr.'s with China Dev. Bank
(NYSE: YELP) Yelp Inc. $31.29 $39.14 $51.20 $62.40 $78.66 Wk-H: $82.43
- a leading local business-guide review site with social networking: 12 languages, 24 countries, 117M Q3 visitors, Dec. 11 launches Portugal
(NYSE: BITA) Bitauto Holdings Ltd. $14.09 $18.03 $27.71 $33.18 Wk-H: $36.50
- Internet content/marketing for China's fast-growing auto industry, Dec. 6 $30 Pricing of Follow-on Public Offering of 2,749,200 ADSs
(NYSE: AMD) Advanced Micro Devices Inc. $3.18 $4.23 $4.44 $4.15 Wk-H: $4.26
- semiconductor co. with groundbreaking APUs powering many computing devices, to Host News Conference Jan. 6 at 2014 Intl. CES
(NYSE: MY) China Ming Yang Wind Power Group Ltd. $2.45 $3.23 $2.06 $2.75 Wk-H: $2.89
- Nov. 27 Enters Into 200MW EPC Wind Farm Framework Agreement With Speranta & Succesul S.A. in Romania
(NYSE: CEC) CEC Entertainment Inc. $37.30 $49.26 Wk-H: $49.89
- 571 Chuck E. Cheese's family dining/ent. (518 owned/operated in USA/Canada), #RipItSipItWinIt; Lights Up the New Year with 4 Openings
(NYSE: NDZ)(TSX: NDN) Nordion Inc. $9.26 Wk-H: $9.63
- a leading provider of products and services to the global health science market, Reports Q4/F-13 Financial Results, Provides F-14 Outlook
NYSE MKT AMEX
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 $2.36 $2.72 $3.69 Wk-H: $3.75
- patented technology for neural stem cells of human brain/spinal cord, Closes $20M Registered Direct Offering of 6,872,859 shares at $2.91
(AMEX: MEET) MeetMe Inc. $2.63 $1.63 $1.81 $2.15 $2.09 Wk-H: $2.25
- social discovery leader via games & apps, to Present at 16th Annual Needham Growth Conf. Jan. 16; Expects Q4 2013 Rev. of Approx. $13M
(AMEX: LBMH) Liberator Medical Holdings Inc. $1.59 $1.95 $2.71 $4.64 Wk-H: $4.88
- direct-to-consumer quality medical supplies for Medicare-eligible seniors, Dec. 23 FY-13 $69M Revenue, $7M or $0.14/share Net Income
(AMEX: DSS) Document Security Systems Inc. $2.72 $1.28 $1.69 $2.30 Wk-H: $2.46
- a leading developer/integrator of secure cloud computing and security printing technology, to Present at Sidoti Micro-Cap on Jan. 13
(AMEX: RNN) Rexahn Pharmaceuticals Inc. $0.47 $0.58 $0.46 $0.61 Wk-H: $1.19
- develops oncology therapies, Initiates Phase Ib Clinical Trial for Treatment of Solid Tumors; Jan. 14 Presents at Biotech Showcase 2014
(AMEX: ETAK) Elephant Talk Communications Inc. $1.18 $0.975 $1.34 Wk-H: $1.58
- software DNA platforms for security/anti-fraud in mobile, telecom. and financial, to Present at Needham Growth and NYC Microcap Conf.'s
(AMEX: ERB) ERBA Diagnostics Inc. $2.32 $3.84 Wk-H: $4.13
- fully integrated in vitro diagnostics company, Exhibits at Arab Health 2014, Dubai U.A.E.
(AMEX: CRMD) CorMedix Inc. $0.80 $1.61 Wk-H: $2.10
- pharma. co. focused on therapeutics for cardio-renal and infectious disease, Awarded Euro Neutrolin Patent; to Raise $2M in Follow On Offer
(AMEX: MSTX) Mast Therapeutics Inc. $0.58 Wk-H: $0.62
- biopharm leveraging the MAST (Molecular Adhesion & Sealant Tech.) platform, Update Phase 3 Study; Positive Data In Model Of Heart Failure
(AMEX: ISR) IsoRay Inc. $0.56 Wk-H: $0.69
- producer of Cesium-131 brachytherapy seeds, FDA Clears Cesitrex for Use With GliaSite to treat Glioblastomas and Metastatic Brain Cancers
NASDAQ
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 $4.98 $6.78 $10.85 $12.36 Wk-H: $17.88
- focused on liver disease and cancer, Reports Key Scientific, Develop. & Regulatory Milestones, Highlights Corp./Finl. Activity; Receives Patent
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 $2.46 $5.84 $5.75 Wk-H: $7.40
- developing medical products for the acute care market, to present at 2 Conf.'s; Key Details of Phase 3 Trial Protocol for levosimendan
(NASDAQ: PLUG) Plug Power Inc. $0.24 $0.44 $0.64 $1.11 $2.79 Wk-H: $4.90
- a leader in clean/reliable energy solutions, $30M Offer; Fuel Cell Range Extenders for FedEx Electric Delivery Trucks; Meets Q4 $32M target
(NASDAQ: NBIX) Neurocrine Biosciences Inc. $4.09 $5.35 $15.60 $17.72 Wk-H: $19.21
- focused on neurological and endocrine based diseases/disorders, Positive Results of VMAT2 Inhibitor NBI-98854 in Kinect 2 Study
(NASDAQ: ONVO) Organovo Inc. $5.97 $7.07 $10.02 $11.38 Wk-H: $11.65
- makes 3D human tissues for medical research and therapeutics, Dec. 9 Investor Presentation Now Available for On-demand Viewing
(NASDAQ: GALE) Galena Biopharma Inc. $2.35 $4.05 $6.33 Wk-H: $6.84
- targeted oncology treatments for major unmet cancer care needs, Enrolls First Patient in Phase 2 Clinical Trial in Ovarian Cancer
(NASDAQ: CTIC) Cell Therapeutics Inc. $1.95 $2.04 $2.60 Wk-H: $2.73
- focused on making cancer more treatable, PIXUVRI (pixantrone) Receives Positive Final Appraisal Determination from NICE
(NASDAQ: ABIO) ARCA biopharma Inc. $2.91 $2.03 $2.25 Wk-H: $2.54
- develops genetically-targeted therapies for cardio-vascular diseases, US FDA Accepts Gencaro Companion Diagnostic Test IDE
(NASDAQ: CCIH) ChinaCache International Holdings Ltd. $9.15 $14.07 Wk-H: $15.78
- a leading total solutions provider of Internet content and application delivery services in China, to Participate in UBS Greater China Conf.
(NASDAQ: EONC) eOn Communications Corp. $3.45 Wk-H: $4.65
- Inventergy Inc. Quadruples Telecommunications Patent Portfolio, Acquiring 500 Patent Assets From Panasonic
(NASDAQ: PPHM) Peregrine Pharmaceuticals Inc. $1.73 Wk-H: $1.88
- Receives FDA Fast Track Designation for Its Immunotherapy Bavituximab as a Potential Treatment of 2nd-Line Non-Small Cell Lung Cancer
(NASDAQ: CRDC) Cardica Inc. $1.30 Wk-H: $1.61
- makes devices for cardiac & laparoscopic surgical procedures, gets 510(k) Clearance For MicroCutter XCHANGE 30 Cutting/Stapling Device
OTCBB
(OTCBB: PHOT) GrowLife Inc. $0.059 $0.109 $0.22 Wk-H: $0.467
- focused on legal cannabis, President and Co-Founder Joins PeopleString/Vape Holdings as CEO; Adds NY Dealmaker to Board of Directors
TSX (quote T. and ticker symbol)
(TSX: CPN) Carpathian Gold Inc. $0.185 $0.085 $0.095 $0.12 Wk-H: $0.125
- Production Temporarily Suspended at the RDM Gold Project in Brazil one day after First Smelting and Pouring of Gold news
(TSX: BNK) Bankers Petroleum Ltd. $3.52 $4.58 Wk-H: $4.62
- O&G co. focused on Albanian oilfields: Patos-Marinza, Kuçova and Block F, Operational Update for the Fourth Quarter 2013
(TSX: AVP) Avcorp Industries Inc. $0.07 $0.175 Wk-H: $0.195
- designs/builds major airframe structures, Comtek Awarded Bombardier's Global 7000-8000 Business Jets Floors Supply Contract
TSX Venture (quote V. and ticker symbol)
(TSXV: PHM) Patient Home Monitoring Corp. $0.175 $0.19 $0.31 $0.32 Wk-H: $0.33
- consolidating highly fragmented monitoring of chronically ill patients, Definitive Purchase Agreements with Next Wave of Acquisitions
(TSXV: PHO) Photon Control Inc. $0.24 $0.29 Wk-H: $0.33
- makes optical sensors to measure temperature, pressure, position and flow, Named One of BC's Top 100 Most Profitable Companies
(TSXV: CZX) Canada Zinc Metals Corp. $0.51 Wk-H: $0.53
- focused on the Kechika Trough SEDEX zinc-lead basin of ne-BC, Closes 2,112,600 $0.40 flow-through shares private placement
(TSXV: TNG) TransGaming Inc. $0.36 Wk-H: $0.55
- leading TV-based Games On-Demand Service, with Toshiba and Samsung to Bring Games to Millions Worldwide Through GameTree TV
(TSXV: LAN) Declan Resources Inc. $0.14 Wk-H: $0.14
- exploring in Sierra Leone plus U3O8 in the Athabasca Basin Sask., Identifies Numerous Drill Targets on Gibbons Creek Uranium Property
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Sunday, January 12, 2014
Sunday, December 22, 2013
InvestorsGuru.com 23 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, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. 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 Co. Ltd. $2.19 $2.25 $3.67 $3.69 $5.29 $6.67 $4.70 Wk-H: $5.38
- world's largest vertically integrated photovoltaic manufacturer, EU/China Price Undertakings, modules will be exempt from duties
(NYSE: TSL) Trina Solar Ltd. $5.73 $7.38 $7.65 $12.63 $16.24 $13.17 Wk-H: $14.27
- a global photovoltaics leader, to Supply 1MW to Jordan's Largest Solar Power Project
NYSE MKT AMEX
(AMEX: URG)(TSX: URE) Ur-Energy Inc. $0.87 $1.24 $1.04 $1.24 Wk-H: $1.26
- now producing at its first ISR uranium mine in S-C Wyoming called the Lost Creek project, Updates on Pathfinder Mines Acquisition
(AMEX: NAVB) Navidea Biopharmaceuticals Inc. $1.65 $2.15 Wk-H: $2.25
- Submits Supplemental New Drug Application (sNDA) for Lymphoseek for Sentinel Lymph Node Detection in Patients with Head & Neck Cancer
(AMEX: GTT) Global Telecom & Technology Inc. $7.10 Wk-H: $7.50
- cloud networking service provider, Farlep-Invest Partners for High Performance IP Transit Connectivity Services
(AMEX: ZBB) ZBB Energy Corp. $0.83 Wk-H: $0.94
- makes intelligent, renewable energy power platforms & hybrid vehicle control systems, New Phase Strategic Partnership With Lotte Chemical
NASDAQ
(NASDAQ: HIMX) Himax Technologies Inc. $4.06 $5.43 $7.32 $8.40 $11.78 Wk-H: $13.65
- makes display drivers and other semiconductor products, to Attend Citi Internet, Media & Telecom + NomuraCES Conferences Jan. 6th-8th
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 $3.63 $3.28 $3.31 Wk-H: $3.55
- makes advanced LED lighting solutions in the U.S., Canada and internationally, U.S. Navy Awards LED Lighting Contract
(NASDAQ: VISN) VisionChina Media Inc. $2.83 $4.54 $12.28 $14.76 Wk-H: $17.33
- one of China's largest out-of-home digital TV advertising networks on mass transportation i.e. 110,383 digital TV displays in buses/subways
(NASDAQ: ACRX) AcelRx Pharmaceuticals Inc. $3.36 $5.24 $9.82 Wk-H: $10.71
- to be added to NASDAQ Biotechnology Index on Dec. 23; Collaboration for EU Commercialization of ZALVISO with Grunenthal
(NASDAQ: IRBT) iRobot Corp. $28.04 $36.30 Wk-H: $38.46
- designs/builds robots e.g. smarter home cleaning, defense, security and military robots, Dec. 3 CFO at NASDAQ OMX 30th Investor Program
(NASDAQ: IDIX) Idenix Pharmaceuticals Inc. $4.58 $5.06 Wk-H: $5.44
- focused on drugs to treat human viral diseases, Declaration of Senior Party in a Second Patent Interference by the USPTO
(NASDAQ: AMCF) Andatee China Marine Fuel Services Corp. $1.64 $1.76 Wk-H: $1.91
- supplies blended marine fuel oil for cargo and fishing vessels in China, Nov. 14 Q3: Revenue $61.5M +95%, Gross Profit $4.9M +6900% YoY
(NASDAQ: ABTL) Autobytel Inc. $13.50 Wk-H: $15.00
- connects auto consumers with dealers, 1-on-1 Investor Meetings at recent LD Micro Investor Conference; Nov. 7 Q3 Revenues +24%
(NASDAQ: DEPO) Depomed Inc. $9.49 Wk-H: $10.24
- specialty pharma focused on pain, buys CAMBIA (Diclofenac Potassium for Oral Solution) Migraine Medicine from Nautilus Neuro. for $48.7M
(NASDAQ: AGEN) Agenus Inc. $2.90 Wk-H: $3.21
- biotech developing immune system treatments for cancers and infectious diseases, Positive Phase 2 Brain Cancer Vaccine Results Published
(NASDAQ: LPTH) LightPath Technologies Inc. $1.40 Wk-H: $1.52
- makes proprietary optical components and high-level assemblies, Opens 2nd High Volume Manufacturing Facility in China
OTCBB
(OTCBB: FNMA) Fannie Mae (12 posts since $0.36 in March) $2.85 Wk-H: $3.37
- enables people to buy, refinance or rent a home, Nov. 27 Releases October 2013 Monthly Summary
TSX (quote T. and ticker symbol)
(TSX: CPN) Carpathian Gold Inc. $0.185 $0.085 $0.095 Wk-H: $0.145
- 100% of the Riacho dos Machados RDM Gold Project, Receives Authorization to Proceed to Become Brazil's next Gold Producer
TSX Venture (quote V. and ticker symbol)
(TSXV: ALX) Alexander Energy Ltd. $0.55 $0.72 Wk-H: $0.80
- Alberta based O&G exploration and development co., Ups Bought Deal Financing; SE-Sask. Property Acquisition and $52.5M Equity Financing
(TSXV: OIL) LGX Oil + Gas Inc. $0.68 Wk-H: $0.79
- junior oil and natural gas co. growing light oil reserves, production and exploration in south Alberta, Significant Big Valley Well Test Results
(TSXV: XME) Xmet Inc. $0.16 Wk-H: $0.19
- appoints Pres. & Dir., grants Stock Opts; Discovers Large New Conductive Target After Completing 2nd EM Survey at Blackflake, Near Zenyatta
(TSXV: CO) Canadian Orebodies Inc. $0.035 Wk-H: $0.045
- portfolio of properties in Nunavut and Ontario, Carlisle Drill Program at Farley Lake Mine Project Underway, Lynn Lake Manitoba
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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: YGE) Yingli Green Energy Holding Co. Ltd. $2.19 $2.25 $3.67 $3.69 $5.29 $6.67 $4.70 Wk-H: $5.38
- world's largest vertically integrated photovoltaic manufacturer, EU/China Price Undertakings, modules will be exempt from duties
(NYSE: TSL) Trina Solar Ltd. $5.73 $7.38 $7.65 $12.63 $16.24 $13.17 Wk-H: $14.27
- a global photovoltaics leader, to Supply 1MW to Jordan's Largest Solar Power Project
NYSE MKT AMEX
(AMEX: URG)(TSX: URE) Ur-Energy Inc. $0.87 $1.24 $1.04 $1.24 Wk-H: $1.26
- now producing at its first ISR uranium mine in S-C Wyoming called the Lost Creek project, Updates on Pathfinder Mines Acquisition
(AMEX: NAVB) Navidea Biopharmaceuticals Inc. $1.65 $2.15 Wk-H: $2.25
- Submits Supplemental New Drug Application (sNDA) for Lymphoseek for Sentinel Lymph Node Detection in Patients with Head & Neck Cancer
(AMEX: GTT) Global Telecom & Technology Inc. $7.10 Wk-H: $7.50
- cloud networking service provider, Farlep-Invest Partners for High Performance IP Transit Connectivity Services
(AMEX: ZBB) ZBB Energy Corp. $0.83 Wk-H: $0.94
- makes intelligent, renewable energy power platforms & hybrid vehicle control systems, New Phase Strategic Partnership With Lotte Chemical
NASDAQ
(NASDAQ: HIMX) Himax Technologies Inc. $4.06 $5.43 $7.32 $8.40 $11.78 Wk-H: $13.65
- makes display drivers and other semiconductor products, to Attend Citi Internet, Media & Telecom + NomuraCES Conferences Jan. 6th-8th
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 $3.63 $3.28 $3.31 Wk-H: $3.55
- makes advanced LED lighting solutions in the U.S., Canada and internationally, U.S. Navy Awards LED Lighting Contract
(NASDAQ: VISN) VisionChina Media Inc. $2.83 $4.54 $12.28 $14.76 Wk-H: $17.33
- one of China's largest out-of-home digital TV advertising networks on mass transportation i.e. 110,383 digital TV displays in buses/subways
(NASDAQ: ACRX) AcelRx Pharmaceuticals Inc. $3.36 $5.24 $9.82 Wk-H: $10.71
- to be added to NASDAQ Biotechnology Index on Dec. 23; Collaboration for EU Commercialization of ZALVISO with Grunenthal
(NASDAQ: IRBT) iRobot Corp. $28.04 $36.30 Wk-H: $38.46
- designs/builds robots e.g. smarter home cleaning, defense, security and military robots, Dec. 3 CFO at NASDAQ OMX 30th Investor Program
(NASDAQ: IDIX) Idenix Pharmaceuticals Inc. $4.58 $5.06 Wk-H: $5.44
- focused on drugs to treat human viral diseases, Declaration of Senior Party in a Second Patent Interference by the USPTO
(NASDAQ: AMCF) Andatee China Marine Fuel Services Corp. $1.64 $1.76 Wk-H: $1.91
- supplies blended marine fuel oil for cargo and fishing vessels in China, Nov. 14 Q3: Revenue $61.5M +95%, Gross Profit $4.9M +6900% YoY
(NASDAQ: ABTL) Autobytel Inc. $13.50 Wk-H: $15.00
- connects auto consumers with dealers, 1-on-1 Investor Meetings at recent LD Micro Investor Conference; Nov. 7 Q3 Revenues +24%
(NASDAQ: DEPO) Depomed Inc. $9.49 Wk-H: $10.24
- specialty pharma focused on pain, buys CAMBIA (Diclofenac Potassium for Oral Solution) Migraine Medicine from Nautilus Neuro. for $48.7M
(NASDAQ: AGEN) Agenus Inc. $2.90 Wk-H: $3.21
- biotech developing immune system treatments for cancers and infectious diseases, Positive Phase 2 Brain Cancer Vaccine Results Published
(NASDAQ: LPTH) LightPath Technologies Inc. $1.40 Wk-H: $1.52
- makes proprietary optical components and high-level assemblies, Opens 2nd High Volume Manufacturing Facility in China
OTCBB
(OTCBB: FNMA) Fannie Mae (12 posts since $0.36 in March) $2.85 Wk-H: $3.37
- enables people to buy, refinance or rent a home, Nov. 27 Releases October 2013 Monthly Summary
TSX (quote T. and ticker symbol)
(TSX: CPN) Carpathian Gold Inc. $0.185 $0.085 $0.095 Wk-H: $0.145
- 100% of the Riacho dos Machados RDM Gold Project, Receives Authorization to Proceed to Become Brazil's next Gold Producer
TSX Venture (quote V. and ticker symbol)
(TSXV: ALX) Alexander Energy Ltd. $0.55 $0.72 Wk-H: $0.80
- Alberta based O&G exploration and development co., Ups Bought Deal Financing; SE-Sask. Property Acquisition and $52.5M Equity Financing
(TSXV: OIL) LGX Oil + Gas Inc. $0.68 Wk-H: $0.79
- junior oil and natural gas co. growing light oil reserves, production and exploration in south Alberta, Significant Big Valley Well Test Results
(TSXV: XME) Xmet Inc. $0.16 Wk-H: $0.19
- appoints Pres. & Dir., grants Stock Opts; Discovers Large New Conductive Target After Completing 2nd EM Survey at Blackflake, Near Zenyatta
(TSXV: CO) Canadian Orebodies Inc. $0.035 Wk-H: $0.045
- portfolio of properties in Nunavut and Ontario, Carlisle Drill Program at Farley Lake Mine Project Underway, Lynn Lake Manitoba
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.
Saturday, December 14, 2013
InvestorsGuru.com 19 Filtered Mid-Day Market Movers Recap
Market Pulse trends and observations last week show that out of our newly added 19 filtered movers, Healthcare was again on top with 7 names added, with a two-way tie for second at 3 names each for Industrials and Mining, followed by a three-way tie at 2 names each for Technology, Energy and Retail stocks. Some of these stocks may have already made their move, while others are still trending and remain on our daily Hot Sheet.
Here's our Dec. 9 - Dec. 13 breakdown:
- 7 Healthcare (Pharma/Thera/BioTech: RNN CRMD CYTR IDRA, Medical Devices/Tests: ECTE MDXG BGMD)
- 3 Industrials/Transportation/Manufacturing (Aerospace: ASTC, Airlines: T.TRZ.B, 3D-Printers: MDDD)
- 3 Mining (Gold/W. Africa: T.TGZ, Graphite/Quebec: V.LLG, Magnesium/Nevada: V.NVM)
- 2 Technology (Software/Financial: T.SUM, Internet Svcs.: V.PCS)
- 2 Energy (O&G/Shale/Americas: KWK V.MVN)
- 2 Retail/Wholesale/Entertainment (Jewelry: ZLC, Cannabis: PHOT)
Organizing stocks in this way is subjective as companies often qualify for more than one sector or sub-sector. Each name is grouped in the most apparent category, to help us and our members get a feel for the small-cap market's pulse of what's moving right now and on our radar going into a new week.
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, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. 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: ZLC) Zale Corp. $6.55 $10.28 $11.09 $14.56 Wk-H: $14.85
- specialty retailer of diamond and other jewelry products in North America, Q1/14 Results, 12 quarters of positive comparable store sales
(NYSE: KWK) Quicksilver Resources Inc. $2.66 $2.35 $2.99 Wk-H: $3.17
- Texas-based O&G co. focused on shales and coal beds in North America, Conference Presentations; Nov. 18 Reaffirms $350M Borrow Base
NYSE MKT AMEX
(AMEX: RNN) Rexahn Pharmaceuticals Inc. $0.47 $0.58 $0.46 Wk-H: $0.52
- develops oncology therapies, Receives Method Patent for Treatment of Solid Tumor Cancers for Supinoxin TM (RX-5902)
(AMEX: CRMD) CorMedix Inc. $0.80 Wk-H: $0.91
- pharmaceutical co. focused on therapeutics for cardio-renal and infectious disease, First Sales of Neutrolin in the European Union
NASDAQ
(NASDAQ: CYTR) CytRx Corp. $2.80 $2.74 $3.78 Wk-H: $6.79
- biopharm R&D co. specializing in oncology, Reports Highly Statistically Significant Positive Results from its Global Phase 2b Clinical Trial
(NASDAQ: IDRA) Idera Pharmaceuticals Inc. $1.33 $2.45 $3.27 Wk-H: $3.45
- novel way to treat autoimmune and inflammatory diseases targeting specific TLRs, Opens Enrollment for Phase 1/2 Clinical Trial
(NASDAQ: ECTE) Echo Therapeutics Inc. $4.12 $3.02 Wk-H: $3.65
- medical device co. developing a non-invasive, wireless continuous glucose monitoring system, MTIA Strategic Partnership, to get $10M cash
(NASDAQ: ASTC) Astrotech Corp. $0.95 $1.99 Wk-H: $2.19
- a leading provider of commercial aerospace services and products, 1st Detect Awarded U.S. Patent for Novel Mass Spectrometer Design
(NASDAQ: MDXG) MiMedx Group Inc. $7.93 Wk-H: $8.02
- patented regen. biomaterials/bioimplants from human amniotic membrane, Addl. Medicare Reimbursement for EpiFix; Prices $34M Offering
(NASDAQ: BGMD) BG Medicine Inc. $1.40 Wk-H: $1.70
- developer of FDA cleared chronic heart failure blood test, Welcomes Final Determination CMS 2014 Reimbursement for BGM Galectin-3 Test
OTCBB
(OTCBB: PHOT) GrowLife Inc. $0.059 $0.109 Wk-H: $0.12
- focused on legal cannabis, Names Former Microsoft, Yahoo! Exec, Marco Hegyi, as New President, Implementing $40M Capital Infusion
(OTCBB: MDDD) Makism 3D Corp. $1.28 Wk-H: $1.60
- manufacturer of consumer and professional grade 3D printers, Manufacturing Update Aimed at Achieving Near Term Production Goals
TSX (quote T. and ticker symbol)
(TSX: TRZ.B) Transat A.T. Inc. $8.24 $9.90 $13.10 $13.98 Wk-H: $14.70
- one of the world's largest tour co's and Canada's holiday travel leader, Q4/FY-13 best Q4 & summer ever, margin +$100M, profitable year
(TSX: SUM) Solium Capital Inc. $7.35 Wk-H: $7.76
- leading global provider of software-as-a-service for equity administration, financial reporting and compliance, to acquire GlobalSharePlans
(TSX: TGZ) Teranga Gold Corp. $0.58 Wk-H: $0.59
- West Africa focused, to Enter Into Stream Transaction With Franco-Nevada to Acquire Remaining Interest in OJVG & Retire 1/2 of Bank Debt
TSX Venture (quote V. and ticker symbol)
(TSXV: MVN) Madalena Energy Inc. $0.33 $0.42 $0.475 $0.59 Wk-H: $0.68
- O&G co. with shale and other plays in Argentina and Alberta, Closes $0.47/sh. Bought Deal + Full Over-Allotment Exercise for Gross $9.2M
(TSXV: LLG) Mason Graphite Inc. $0.62 Wk-H: $0.62
- 100% owned Lac Guéret graphite property in NE-Quebec, 658% increase in M&I resources to 50M tonnes, incl. 6.7M tonnes grading 32.4% Cg
(TSXV: PCS) Platinum Communications Corp. $0.195 Wk-H: $0.205
- superior quality fixed wireless Internet and Broadband in Alberta, Revenue +25%, Gross Profit +24%, Cash +83%, Net Income +987%
(TSXV: NVM) Nevada Clean Magnesium Inc. $0.09 Wk-H: $0.11
- with ScanMag AS Meets in Norway to Advance Plans for Producing Magnesium Metal for North American and European Industrial Markets
Which Market Pulse sector trends do you expect to see this week?
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Here's our Dec. 9 - Dec. 13 breakdown:
- 7 Healthcare (Pharma/Thera/BioTech: RNN CRMD CYTR IDRA, Medical Devices/Tests: ECTE MDXG BGMD)
- 3 Industrials/Transportation/Manufacturing (Aerospace: ASTC, Airlines: T.TRZ.B, 3D-Printers: MDDD)
- 3 Mining (Gold/W. Africa: T.TGZ, Graphite/Quebec: V.LLG, Magnesium/Nevada: V.NVM)
- 2 Technology (Software/Financial: T.SUM, Internet Svcs.: V.PCS)
- 2 Energy (O&G/Shale/Americas: KWK V.MVN)
- 2 Retail/Wholesale/Entertainment (Jewelry: ZLC, Cannabis: PHOT)
Organizing stocks in this way is subjective as companies often qualify for more than one sector or sub-sector. Each name is grouped in the most apparent category, to help us and our members get a feel for the small-cap market's pulse of what's moving right now and on our radar going into a new week.
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, all prices when posted, week high price Wk-H:, with a brief company description and recent news headlines. 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: ZLC) Zale Corp. $6.55 $10.28 $11.09 $14.56 Wk-H: $14.85
- specialty retailer of diamond and other jewelry products in North America, Q1/14 Results, 12 quarters of positive comparable store sales
(NYSE: KWK) Quicksilver Resources Inc. $2.66 $2.35 $2.99 Wk-H: $3.17
- Texas-based O&G co. focused on shales and coal beds in North America, Conference Presentations; Nov. 18 Reaffirms $350M Borrow Base
NYSE MKT AMEX
(AMEX: RNN) Rexahn Pharmaceuticals Inc. $0.47 $0.58 $0.46 Wk-H: $0.52
- develops oncology therapies, Receives Method Patent for Treatment of Solid Tumor Cancers for Supinoxin TM (RX-5902)
(AMEX: CRMD) CorMedix Inc. $0.80 Wk-H: $0.91
- pharmaceutical co. focused on therapeutics for cardio-renal and infectious disease, First Sales of Neutrolin in the European Union
NASDAQ
(NASDAQ: CYTR) CytRx Corp. $2.80 $2.74 $3.78 Wk-H: $6.79
- biopharm R&D co. specializing in oncology, Reports Highly Statistically Significant Positive Results from its Global Phase 2b Clinical Trial
(NASDAQ: IDRA) Idera Pharmaceuticals Inc. $1.33 $2.45 $3.27 Wk-H: $3.45
- novel way to treat autoimmune and inflammatory diseases targeting specific TLRs, Opens Enrollment for Phase 1/2 Clinical Trial
(NASDAQ: ECTE) Echo Therapeutics Inc. $4.12 $3.02 Wk-H: $3.65
- medical device co. developing a non-invasive, wireless continuous glucose monitoring system, MTIA Strategic Partnership, to get $10M cash
(NASDAQ: ASTC) Astrotech Corp. $0.95 $1.99 Wk-H: $2.19
- a leading provider of commercial aerospace services and products, 1st Detect Awarded U.S. Patent for Novel Mass Spectrometer Design
(NASDAQ: MDXG) MiMedx Group Inc. $7.93 Wk-H: $8.02
- patented regen. biomaterials/bioimplants from human amniotic membrane, Addl. Medicare Reimbursement for EpiFix; Prices $34M Offering
(NASDAQ: BGMD) BG Medicine Inc. $1.40 Wk-H: $1.70
- developer of FDA cleared chronic heart failure blood test, Welcomes Final Determination CMS 2014 Reimbursement for BGM Galectin-3 Test
OTCBB
(OTCBB: PHOT) GrowLife Inc. $0.059 $0.109 Wk-H: $0.12
- focused on legal cannabis, Names Former Microsoft, Yahoo! Exec, Marco Hegyi, as New President, Implementing $40M Capital Infusion
(OTCBB: MDDD) Makism 3D Corp. $1.28 Wk-H: $1.60
- manufacturer of consumer and professional grade 3D printers, Manufacturing Update Aimed at Achieving Near Term Production Goals
TSX (quote T. and ticker symbol)
(TSX: TRZ.B) Transat A.T. Inc. $8.24 $9.90 $13.10 $13.98 Wk-H: $14.70
- one of the world's largest tour co's and Canada's holiday travel leader, Q4/FY-13 best Q4 & summer ever, margin +$100M, profitable year
(TSX: SUM) Solium Capital Inc. $7.35 Wk-H: $7.76
- leading global provider of software-as-a-service for equity administration, financial reporting and compliance, to acquire GlobalSharePlans
(TSX: TGZ) Teranga Gold Corp. $0.58 Wk-H: $0.59
- West Africa focused, to Enter Into Stream Transaction With Franco-Nevada to Acquire Remaining Interest in OJVG & Retire 1/2 of Bank Debt
TSX Venture (quote V. and ticker symbol)
(TSXV: MVN) Madalena Energy Inc. $0.33 $0.42 $0.475 $0.59 Wk-H: $0.68
- O&G co. with shale and other plays in Argentina and Alberta, Closes $0.47/sh. Bought Deal + Full Over-Allotment Exercise for Gross $9.2M
(TSXV: LLG) Mason Graphite Inc. $0.62 Wk-H: $0.62
- 100% owned Lac Guéret graphite property in NE-Quebec, 658% increase in M&I resources to 50M tonnes, incl. 6.7M tonnes grading 32.4% Cg
(TSXV: PCS) Platinum Communications Corp. $0.195 Wk-H: $0.205
- superior quality fixed wireless Internet and Broadband in Alberta, Revenue +25%, Gross Profit +24%, Cash +83%, Net Income +987%
(TSXV: NVM) Nevada Clean Magnesium Inc. $0.09 Wk-H: $0.11
- with ScanMag AS Meets in Norway to Advance Plans for Producing Magnesium Metal for North American and European Industrial Markets
Which Market Pulse sector trends do you expect to see this week?
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.
Wednesday, December 11, 2013
2014 To Be Uranium's Big Breakout Year; Uranerz Energy Closes US$20M State Bond Loan & Hires New (ex-Cameco US) President - InvestorsGuru.com
Spot U3O8 Is Turning Higher—Uranium Miners May Lead Next Year
Several recent mining reports highlight that investor interest in uranium is noticeably building. This is starting to translate into slightly higher-highs and higher-lows with regular up-ticks that may be signalling U3O8 bottomed back in August at around US$34/lb.. U3O8 is still only $34.75/lb. today, down $1.50/lb. over the past two weeks after three weeks in a row of increases.
Last year we thought uranium put in its bottom at $40/lb. going into Japan's December elections, which resulted in a new pro-nuclear government. The spot price did pop around 15% then, but didn't hold. If $34/lb. holds as U3O8's bottom this time then we were off by only a little; so let's just defer to agreeing with those analysts now expecting 2014 to be Uranium's Big Breakout Year.
Some of this renewed technical interest may be seasonal, in anticipation of spot uranium market trends that tend to move up during the first quarter. Demand is higher early in the year as utilities, governments and other buyers are on new budget cycles. However it is strong fundamentals that have only strengthened in the wake of Fukushima's uranium market fallout that we continue to focus on.
U3O8 demand is driven by nuclear power reactors—as of December 1 this includes 434 operable, 71 under construction, 173 planned and 314 proposed worldwide. There are also thousands of science and medical research reactors, plus hundreds of nuclear powered military vehicles such as submarines and aircraft carriers. More nuclear power reactors are in the works today than even before Fukushima!
Current uranium demand already exceeds mine production, and future supplies have no chance of keeping up unless prices at least double. More anticipated major mine expansions are now on hold due to low prices, from Kazatomprom and ARMZ recently—two of the world's three largest uranium producers. The 20-year U.S./Russian HEU Agreement to down-blend uranium from nuclear warheads into fuel just ended—no longer providing ~24Mlbs. per year that made up most of the U.S.' shortfall.
How did uranium prices get this low if the fundamentals are so strong? Simply because markets can overreact on both the upside and downside. Psychological greed and fear of the unknown move investors to ignore even obvious facts and make rash investment decisions. This NY Times article, Fear vs. Radiation: The Mismatch, discusses nuclear fears that simply don’t match the facts outlined.
Prior to Fukushima uranium mining stocks outperformed, but have been decimated since. I liken this to a pendulum moving far beyond fair value and about to swing back, or to a stretched elastic band that's about to snap back. U3O8 has been prone to price spikes—$10/lb. in 2003 to $137/lb. in 2007.
On top of all these uranium catalysts, Japan's 50 operable nuclear power reactors need to be restarted to lower its $75B/year fuel bill, which has doubled and has caused trade deficits since Fukushima. No nuclear power has also meant more pollution and likely more blackouts during the cold of winter. Pending restarts of 14 reactors were recently submitted to the Japanese Nuclear Regulation Authority.
So has the post Fukushima U3O8 falling knife finally become a safe bet, maybe even a trampoline?
Paul Goranson Joins Uranerz Energy As President & COO
This December and going into the new year reminds me of late 2010 and into 2011 when we first started following (AMEX: URZ)(TSX: URZ) Uranerz Energy. At that time uranium stocks were red hot and URZ was a top performer after a steady flow of key announcements from NI 43-101 U3O8 resource updates, to receiving its Draft Materials License and WDEQ Permit, to financing news.
Uranerz' shares traded then from under $2 to around $6, now $1.13 with a US$97M market cap. After Fukushima's meltdown effects on anything nuclear related, and after a relatively quiet period during URZ' two-year mine construction phase, we look forward to the company's news flow picking up again as it transforms into a producer. This month has seen two URZ news releases already.
On December 2 Uranerz announced that Paul Goranson has joined the company as President, Chief Operating Officer and as a Director. The timing is interesting as this fills an important management position that has been vacant since George Hartman retired in September of last year.
Mr. Goranson has over 25-years of experience in the uranium industry, most recently as President of (TSX: CCO)(NYSE: CCJ) Cameco Corp.'s U.S. subsidiary. He executed the company's Double U growth strategy in the U.S. including production expansion, processing plant refurbishment, and operations executive leadership at various Cameco projects that surround Uranerz' projects.
Prior he was VP of privately held Mestena Uranium in charge of construction, start-up and operation of the Alta Mesa project in south Texas that achieved over 1Mlbs./year production. He also negotiated their long-term supply contracts with nuclear utilities. Prior to this he managed radiation safety, regulatory compliance and licensing with Rio Algom Mining—part of (NYSE: BHP) BHP Billiton.
From URZ' news release, "Uranerz is very pleased to have a person with Mr. Goranson's talent, uranium mining experience and in-depth industry knowledge join our Company" stated Uranerz' Chief Executive Officer, Glenn Catchpole, "He has been involved in all facets of the uranium sector, and we look forward to his input as we initiate production at Nichols Ranch and continue our efforts to grow the Company." For the full new release click the URZ quote link above or visit Uranerz.com .
So Uranerz is nearly finished building its first uranium mine that is located in the prolific Powder River Basin (PRB) of Wyoming. This ISR mine, called Nichols Ranch, is surrounded by various Cameco projects, and Uranerz' uranium will be toll processed at Cameco's nearby Smith Ranch-Highland plant. Now Cameco-US' ex-president is Uranerz' new president. Hmmm!
Uranerz Energy Closes US$20M Wyoming State Bond Loan
While all types of mining companies these days are finding it next to impossible to finance any project without suffering massive share dilution, uranium miners in Wyoming have a huge advantage. Not only does the PRB make Wyoming the USA's largest uranium producing state, the Wyoming Business Council with the Governor's office provides coveted low-cost development loans.
In our October 29 newsletter, Uranium: Ur-Energy Closes US$34M State Bond Loan; Is URZ Next?, we mentioned how (AMEX: URG)(TSX: URE) Ur-Energy's Wyoming state loan may be seen as the government's validation of the viability of Ur's Lost Creek project. This is because, unlike the Feds, Wyoming is careful with its money and continues to run surplus budgets, and to help support local businesses. That's why it can take companies one to two years to nail down one of these loans.
Investors tend to be rewarded after de-risking events like this as shares get bid higher on anticipation of strengths building. Ur has since announced a major mineral resource expansion and last week shipped its first production. If you look at URG's 3-month or 1-year chart you will notice a gradual upward slope—impressive considering how bad the uranium market has been.
We also mentioned that Uranerz Energy was waiting for its US$20M Wyoming state loan, and reasoned that it could close sooner than some might expect. Even though Uranerz applied for its loan around 3-months after Ur applied, we believed URZ' loan could close within just a few weeks because they didn't have to deal with some of the delays Ur had to resolve.
On December 3 Uranerz Energy announced that it received the full US$20M state loan and that it immediately paid off its US$6M short-term loan. URZ' 7-year 5.75% Industrial Development Revenue Bond loan is interest-only for the first year and can be repaid early. Like Ur, Uranerz' low interest loan should be seen as Wyoming's validation of the viability of URZ' Nichols Ranch project, and as a de-risking funding milestone that also lowers costs.
Uranerz now has only $20M in debt with around $16M in cash as they complete construction of their first mine. This appears to be a more flexible position compared to Ur, where we are waiting to see if Ur has to use much of the balance of its US$34M loan, take on more debt, or do an equity raise to pay the millions needed to complete its Shirley Basin purchase.
Uranerz is focused on completing construction and commencing production as soon as possible. On July 25 URZ provided an update that drilling of its first of two Deep Disposal Wells (DDW) was complete and that both DDWs should be ready in five months. So I guess you could say that we're on watch for a news release that URZ got a few DDWs in their Christmas stocking. These wells are required prior to production, then the Nuclear Regulatory Commission (NRC) checks its lists twice to conclude inspections and approvals, and then operations start—best guess is sometime in January.
From the last line of Uranerz' news release, "Uranerz is nearing completion of the construction for its in-situ recovery (ISR) processing facility and installation of the initial production wellfield for ISR operations at its Nichols Ranch ISR Uranium Project located in the Powder River Basin of Wyoming, U.S.A. The Company expects to start the Nichols Ranch operations within the next few months."
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.
Several recent mining reports highlight that investor interest in uranium is noticeably building. This is starting to translate into slightly higher-highs and higher-lows with regular up-ticks that may be signalling U3O8 bottomed back in August at around US$34/lb.. U3O8 is still only $34.75/lb. today, down $1.50/lb. over the past two weeks after three weeks in a row of increases.
Last year we thought uranium put in its bottom at $40/lb. going into Japan's December elections, which resulted in a new pro-nuclear government. The spot price did pop around 15% then, but didn't hold. If $34/lb. holds as U3O8's bottom this time then we were off by only a little; so let's just defer to agreeing with those analysts now expecting 2014 to be Uranium's Big Breakout Year.
Some of this renewed technical interest may be seasonal, in anticipation of spot uranium market trends that tend to move up during the first quarter. Demand is higher early in the year as utilities, governments and other buyers are on new budget cycles. However it is strong fundamentals that have only strengthened in the wake of Fukushima's uranium market fallout that we continue to focus on.
U3O8 demand is driven by nuclear power reactors—as of December 1 this includes 434 operable, 71 under construction, 173 planned and 314 proposed worldwide. There are also thousands of science and medical research reactors, plus hundreds of nuclear powered military vehicles such as submarines and aircraft carriers. More nuclear power reactors are in the works today than even before Fukushima!
Current uranium demand already exceeds mine production, and future supplies have no chance of keeping up unless prices at least double. More anticipated major mine expansions are now on hold due to low prices, from Kazatomprom and ARMZ recently—two of the world's three largest uranium producers. The 20-year U.S./Russian HEU Agreement to down-blend uranium from nuclear warheads into fuel just ended—no longer providing ~24Mlbs. per year that made up most of the U.S.' shortfall.
How did uranium prices get this low if the fundamentals are so strong? Simply because markets can overreact on both the upside and downside. Psychological greed and fear of the unknown move investors to ignore even obvious facts and make rash investment decisions. This NY Times article, Fear vs. Radiation: The Mismatch, discusses nuclear fears that simply don’t match the facts outlined.
Prior to Fukushima uranium mining stocks outperformed, but have been decimated since. I liken this to a pendulum moving far beyond fair value and about to swing back, or to a stretched elastic band that's about to snap back. U3O8 has been prone to price spikes—$10/lb. in 2003 to $137/lb. in 2007.
On top of all these uranium catalysts, Japan's 50 operable nuclear power reactors need to be restarted to lower its $75B/year fuel bill, which has doubled and has caused trade deficits since Fukushima. No nuclear power has also meant more pollution and likely more blackouts during the cold of winter. Pending restarts of 14 reactors were recently submitted to the Japanese Nuclear Regulation Authority.
So has the post Fukushima U3O8 falling knife finally become a safe bet, maybe even a trampoline?
Paul Goranson Joins Uranerz Energy As President & COO
This December and going into the new year reminds me of late 2010 and into 2011 when we first started following (AMEX: URZ)(TSX: URZ) Uranerz Energy. At that time uranium stocks were red hot and URZ was a top performer after a steady flow of key announcements from NI 43-101 U3O8 resource updates, to receiving its Draft Materials License and WDEQ Permit, to financing news.
Uranerz' shares traded then from under $2 to around $6, now $1.13 with a US$97M market cap. After Fukushima's meltdown effects on anything nuclear related, and after a relatively quiet period during URZ' two-year mine construction phase, we look forward to the company's news flow picking up again as it transforms into a producer. This month has seen two URZ news releases already.
On December 2 Uranerz announced that Paul Goranson has joined the company as President, Chief Operating Officer and as a Director. The timing is interesting as this fills an important management position that has been vacant since George Hartman retired in September of last year.
Mr. Goranson has over 25-years of experience in the uranium industry, most recently as President of (TSX: CCO)(NYSE: CCJ) Cameco Corp.'s U.S. subsidiary. He executed the company's Double U growth strategy in the U.S. including production expansion, processing plant refurbishment, and operations executive leadership at various Cameco projects that surround Uranerz' projects.
Prior he was VP of privately held Mestena Uranium in charge of construction, start-up and operation of the Alta Mesa project in south Texas that achieved over 1Mlbs./year production. He also negotiated their long-term supply contracts with nuclear utilities. Prior to this he managed radiation safety, regulatory compliance and licensing with Rio Algom Mining—part of (NYSE: BHP) BHP Billiton.
From URZ' news release, "Uranerz is very pleased to have a person with Mr. Goranson's talent, uranium mining experience and in-depth industry knowledge join our Company" stated Uranerz' Chief Executive Officer, Glenn Catchpole, "He has been involved in all facets of the uranium sector, and we look forward to his input as we initiate production at Nichols Ranch and continue our efforts to grow the Company." For the full new release click the URZ quote link above or visit Uranerz.com .
So Uranerz is nearly finished building its first uranium mine that is located in the prolific Powder River Basin (PRB) of Wyoming. This ISR mine, called Nichols Ranch, is surrounded by various Cameco projects, and Uranerz' uranium will be toll processed at Cameco's nearby Smith Ranch-Highland plant. Now Cameco-US' ex-president is Uranerz' new president. Hmmm!
Uranerz Energy Closes US$20M Wyoming State Bond Loan
While all types of mining companies these days are finding it next to impossible to finance any project without suffering massive share dilution, uranium miners in Wyoming have a huge advantage. Not only does the PRB make Wyoming the USA's largest uranium producing state, the Wyoming Business Council with the Governor's office provides coveted low-cost development loans.
In our October 29 newsletter, Uranium: Ur-Energy Closes US$34M State Bond Loan; Is URZ Next?, we mentioned how (AMEX: URG)(TSX: URE) Ur-Energy's Wyoming state loan may be seen as the government's validation of the viability of Ur's Lost Creek project. This is because, unlike the Feds, Wyoming is careful with its money and continues to run surplus budgets, and to help support local businesses. That's why it can take companies one to two years to nail down one of these loans.
Investors tend to be rewarded after de-risking events like this as shares get bid higher on anticipation of strengths building. Ur has since announced a major mineral resource expansion and last week shipped its first production. If you look at URG's 3-month or 1-year chart you will notice a gradual upward slope—impressive considering how bad the uranium market has been.
We also mentioned that Uranerz Energy was waiting for its US$20M Wyoming state loan, and reasoned that it could close sooner than some might expect. Even though Uranerz applied for its loan around 3-months after Ur applied, we believed URZ' loan could close within just a few weeks because they didn't have to deal with some of the delays Ur had to resolve.
On December 3 Uranerz Energy announced that it received the full US$20M state loan and that it immediately paid off its US$6M short-term loan. URZ' 7-year 5.75% Industrial Development Revenue Bond loan is interest-only for the first year and can be repaid early. Like Ur, Uranerz' low interest loan should be seen as Wyoming's validation of the viability of URZ' Nichols Ranch project, and as a de-risking funding milestone that also lowers costs.
Uranerz now has only $20M in debt with around $16M in cash as they complete construction of their first mine. This appears to be a more flexible position compared to Ur, where we are waiting to see if Ur has to use much of the balance of its US$34M loan, take on more debt, or do an equity raise to pay the millions needed to complete its Shirley Basin purchase.
Uranerz is focused on completing construction and commencing production as soon as possible. On July 25 URZ provided an update that drilling of its first of two Deep Disposal Wells (DDW) was complete and that both DDWs should be ready in five months. So I guess you could say that we're on watch for a news release that URZ got a few DDWs in their Christmas stocking. These wells are required prior to production, then the Nuclear Regulatory Commission (NRC) checks its lists twice to conclude inspections and approvals, and then operations start—best guess is sometime in January.
From the last line of Uranerz' news release, "Uranerz is nearing completion of the construction for its in-situ recovery (ISR) processing facility and installation of the initial production wellfield for ISR operations at its Nichols Ranch ISR Uranium Project located in the Powder River Basin of Wyoming, U.S.A. The Company expects to start the Nichols Ranch operations within the next few months."
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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