Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, 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: TRLA) Trulia Inc. $26.43 $32.86 Wk-H: $35.33
- a leading online marketplace for homebuyers, sellers, renters and real estate professionals, Reports First Quarter 2013 Results
(NYSE: PRO) Pros Holdings Inc. $28.17 Wk-H: $28.98
- software helps customers outperform by using big data to sell more effectively, to Present at Upcoming May Conferences; Q1 2013 Results
(NYSE: CEC) CEC Entertainment Inc. $37.30 Wk-H: $38.83
- 566 Chuck E. Cheese's family dining/entertainment (515 owned/operated in 47 states & Canada) plus 8 other countries, Reports Q1 Results
(NYSE: HCI) Homeowners Choice Inc. $32.05 Wk-H: $32.42
- Florida property and casualty insurance, plus information technology, real estate and reinsurance, Reports First Quarter 2013 Results
(NYSE: INVN) Invensense Inc. $11.48 Wk-H: $11.85
- MotionTracking for consumer electronics, Q4/FY 2013 Results; World's Smallest Dual-Axis Gyroscopes For Optical Images in Smartphones
(NYSE: HIL) Hill International $2.95 Wk-H: $3.32
- manages construction risk worldwide, 3,800 employees, 100 offices, Reports Q1/13 Results; Record Revenues Drive 2,480% EBITDA Growth
(NYSE: OMG) OM Group Inc. $26.87 Wk-H: $27.91
- Q1-2013 Results, Cobalt biz divestiture completed, Debt substantially repaid, Share repurchase program underway, cost-reduction progress
(NYSE: TOWR) International Inc. $18.24 Wk-H: $20.92
- integrated global manufacturer of engineered structural metal components & assemblies, Reports Strong Q1 Results And Increases Outlook
(NYSE: YELP) Yelp Inc. $31.29 Wk-H: $32.80
- local business guide & review site with social networking svcs in 12 languages, 21 countries, 100M+ mthly visitors, Q1 2013 Revenue +68%
(NYSE: BBW) Build-A-Bear Workshop Inc. $6.50 Wk-H: $6.90
- global co. of 400+ make-your-own stuffed animal retail-ent. workshops, Reports Q1 Fiscal '13 Results; to Open 20-25 New Imagined Stores
(NYSE: IFT) Imperial Holdings Inc. $5.81 Wk-H: $6.08
- specialty finance offers solutions for illiquid financial assets, Acquires 93 Life Settlement Policies; Secures 15-yr $300M Revolving Cr. Facility
(NYSE: AMD) Advanced Micro Devices Inc. $3.18 Wk-H: $3.80
- semiconductor co. powers a wide range of computing devices from servers to virtualization, game console graphics, PCs to supercomputers
(NYSE: MWA) Mueller Water Products Inc. $6.61 Wk-H: $7.07
- engineered valves, fire hydrants, metering systems, leak detection and pipe condition assessment, Reports Fiscal 2013 2nd Qtr. Results
(NYSE: GDOT) Green Dot Corporation $17.95 Wk-H: $18.01
- prepaid debit cards & reload services at 60k+ retail locations & online, Reports Q1 2013 Non-GAAP Revenue +8%, diluted EPS $0.42, Outlook
(NYSE: FMD) First Marblehead Corp. $1.22 Wk-H: $1.28
- helps education financing with its Monogram suite of credit risk mgmt. svcs., Regains NYSE Compliance; Q3 +23% YOY; Net Cash Usage -36%
(NYSE: MTOR) Meritor Inc. $4.87 Wk-H: $6.19
- global supplier of drivetrain, mobility, braking, aftermarket solutions for commercial vehicle & industrial mkts., Reports FY 2013 Q2 Earnings
NYSE MKT AMEX
(AMEX: IG) Igi Laboratories Inc. $1.60 $2.02 Wk-H: $2.25
- 1st posted 4/'10 $0.41, N.J. topical generic drug developer/manufacturer for pharmaceutical, OTC & cosmetics, Q1 2013 Rev. $3.7M +101%
(AMEX: UVE) Universal Insurance Holdings Inc. $4.99 $5.88 Wk-H: $6.31
- Florida homeowners insurance writer, now in N&S Carolina, Hawaii, Georgia, Mass. & Maryland, Declares $0.08 Per Share Cash Dividend
(AMEX: DSS) Document Security Systems Inc. $2.72 Wk-H: $3.64
- anti-counterfeit/fraud for gov'ts, corp's & instit's, Settlement re. Bascom Patent; Judge Date Set in Facebook/LinkedIn Case; Merger Update
NASDAQ
(NASDAQ: SIRI) Sirius XM Radio Inc. (19 posts since $0.73 in 2010) $3.35 Wk-H: $3.39
- world's largest radio broadcaster, Q1 2013 Record: 24.4M Subs, Rev. $897M +12%, N-Inc $124M +15%, EBITDA +26% $262M, 209M Sh Repur.
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 $4.98 Wk-H: $5.22
- leader in targeting galectin proteins to treat liver fibrosis, cirrhosis & cancer, Galectin Inhibitors Reverse Liver Cirrhosis in Preclinical Studies
(NASDAQ: BCOR) Blucora Inc. $17.77 Wk-H: $18.13
- operates two leading Internet businesses: InfoSpace search and TaxACT tax preparation, Q1 Results and Preliminary Tax Season Update
(NASDAQ: PKT) Procera Networks Inc. $14.16 Wk-H: $14.98
- PacketLogic & NAVL network intel. enables broadband carriers, svc providers, enterprise & consumers; Multi-Million Dollar Orders; Q1 2013
(NASDAQ: RDCM) Radcom Ltd. $4.10 Wk-H: $4.80
- network tests & monitoring for Cellular, IMS, Voice, Data & VoIP equipment vendors & svc providers, Wins Multimillion LTE Deal - 6th Recently
(NASDAQ: YRCW) YRC Worldwide Inc. $11.11 Wk-H: $11.60
- shipping brands for heavyweight industrial, commercial, LTL & retail goods with local, regional, natl. & intl., Q1 Positive Op. Inc. First in 6-Yrs.
(NASDAQ: REGI) Renewable Energy Group Inc. $11.34 Wk-H: $12.05
- biodiesel producer that converts natural fats, oils & greases into advanced biofuels, Reports Q1-2013 Results, sold 38.9M gallons Q1 +14%
(NASDAQ: STAA) STAAR Surgical Company $8.36 Wk-H: $8.67
- minimally invasive ophthalmic products i.e eye surgery & lenses, Strong Q1-2013 Results, $18M Sales +16% Drives Top/Bottom Line Growth
(NASDAQ: SYNC) Synacor Inc. $3.49 Wk-H: $4.17
- enables cable, satellite, telecos & other co.'s to deliver TV Everywhere, digital ent. & cloud svc's to devices, Expands Verizon FiOS Partnership
(NASDAQ: BCOV) Brightcove Inc. $7.51 Wk-H: $7.98
- cloud content services to publish and distribute videos and other digital media, Announces Financial Results for First Quarter 2013
(NASDAQ: JRCC) James River Coal Company $2.06 Wk-H: $2.09
- Central Appalachia/Illinois Basin coal producer, Q1 2013 Op. Results, Substantially Completed Major Restructuring of All Mine Operations
(NASDAQ: IQNT) Neutral Tandem Inc. $4.53 Wk-H: $5.11
- voice services with intelligent networking to solve challenging inter-connection/operability issues, Strong Q1 Results, Revises Guidance
(NASDAQ: MGAM) Multimedia Games Holding Company Inc. $24.35 Wk-H: $25.38
- makes gaming technology systems for Native Am. casinos, bingo & VLTs, Q2 Revenue +18% to $46.6M, EBITDA +32% to $24.1M, Dil. EPS $.31
(NASDAQ: DRRX) DURECT Corporation $1.57 Wk-H: $1.85
- specialty pharmaceutical co. developing innovative drugs for pain and other chronic diseases with late-stage programs, Q1 2013 Earnings
(NASDAQ: PTIE) Pain Therapeutics Inc. $4.08 Wk-H: $4.64
- biopharmaceutical co. that develops novel drugs, lead candidate: REMOXY (oxycodone) Extended-Release Capsules, Reports Q1 2013 Results
(NASDAQ: TTHI)(TSX: TTH) Transition Therapeutics Inc. $3.17 Wk-H: $3.72
- biopharm. co. developing novel therapeutics for large market diseases, Results of Clinical Study of Type 2 Diabetes Drug Candidate TT-401
(NASDAQ: OSH) Orchard Supply Hardware Stores Corporation $1.84 Wk-H: $2.50
- 89 Calif. neighborhood hardware & garden stores, focus: paint, repair & backyards; Q4/FY Results; Updates Term Loan Negot.'s & Q1 Comps
(NASDAQ: LLEN) L&L Energy Inc. $3.75 Wk-H: $3.96
- U.S. Seattle-based co. with profitable coal operations in China, Expands Business in Taiwan; Engages KPMG on Taiwan Depositary Receipt
OTCBB
(OTCBB: XUII) Xumanii $0.29 Wk-H: $0.3075
- live online broadcasts via new patent pending technology integrates wireless streaming live feeds from multiple cameras in HD to 10MB/sec
(OTCBB: WSGP) Western Graphite Inc. $1.12 Wk-H: $1.31
- explores/develops large graphite properties in Canada & Turkey with ~7313 acres, to Participate in Istanbul Turkey Mining Show June 18-20
TSX (quote T. and ticker symbol)
(TSX: TRL) Trimel Pharmaceuticals Corporation $1.10 Wk-H: $1.24
- specialty meds: male hypogonadism, female sexual dysfunction, respiratory disorders, Q1-2013 Results May 8; Submits FDA New Drug Appl
TSX Venture (quote V. and ticker symbol)
(TSXV: AYA) Amaya Gaming Group Inc. $5.08 $6.48 Wk-H: $6.75
- full suite of online, mobile & land-based gaming products/svcs: casino, poker, sportsbook, lottery & slots, 2012 revenue +292%; Q4 +316%
(TSXV: GPS) BSM Technologies Inc. $1.42 Wk-H: $1.44
- remote monitoring, fleet tracking/maintenance & business intelligent engine providing real time, web-based tracking of mobile/fixed assets
(TSXV: ALN) Aldrin Resource Corp. $0.085 Wk-H: $0.105
- Acquires Large Uranium Property Along Strike and Adjacent to Fission Energy and Alpha Minerals in Patterson Lake Area of Athabasca Basin
(TSXV: INT) Intertainment Media Inc. $0.12 Wk-H: $0.14
- Ortsbo enables real-time, cross-language communication via internet Cloud computing in 65+ languages, Yappn Gets Ready 4 Beta Launch
(TSXV: MVN) Madalena Ventures Inc. $0.33 Wk-H: $0.37
- Independent Evaluation of Unconventional Shale Resources with Est. 34.8 Billion Barrels of Oil Equivalent of Petroleum Initially in Place
(TSXV: ARK) Archer Petroleum Corp. $0.48 Wk-H: $0.50
- N. American O&G, 918 Acres Winning Bid; LOI For Acquis. of 25% Int. in Peak Project and Intl. Production and Sales Rights for Sandklene 950
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Sunday, May 5, 2013
Sunday, April 28, 2013
InvestorsGuru.com 47 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, 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: BYD) Boyd Gaming Corporation $8.85 $10.94 Wk-H: $11.70
- 22 gaming properties: NV-NJ-IL-IN-IA-KS-LA-MS, Q1 Results: net rev.'s $737M +16.4%, total adj. EBITDA +22.2% to $163.5M vs. yr-ago qtr.
(NYSE: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 Wk-H: $7.51
- global PV solar power man. in China, Completes Largest Rooftop PV System in a Desalin. Plant; Partners U Western Ont. to Power a Solar Car
(NYSE: MPG) MPG Office Trust Inc. $2.76 $3.13 Wk-H: $3.18
- largest owner/operator of Class A office properties in L.A. central business dist., Agr. to Be Acq. $3.15/sh. by Brookfield Office Prop's.
(NYSE: YGE) Yingli Green Energy Holding Co. Ltd. ADS $2.19 $2.25 Wk-H: $2.45
- of world's largest vertically integrated photovoltaic man.'s, US$165M Loan Agr. China Dev. Bank; Outstanding Perf. PHOTON Module Yield test
(NYSE: NBG) National Bank of Greece S.A. ADS $0.91 Wk-H: $1.17
- diversified financial services: retail/commercial banking, global investment management, investment banking, insurance, securities trading
(NYSE: MHR) Magnum Hunter Resources Corporation $2.82 Wk-H: $2.95
- 4 prolific shale plays: Marcellus, Utica, Pearsall, Williston Basin/Bakken, Closes $401M Eagle Ford Sale: Improves Liquidity, Debt & Growth
(NYSE: GGS) Global Geophysical Services, Inc. $3.56 Wk-H: $3.77
- high-res RG-3D Reservoir Grade seismic data to O&G co's., Reports Adj. EPS $0.05, Backlog up to $180M; Wins Hart's E&P Meritorious Award
(NYSE: NOR) Noranda Aluminum Holding Corporation $4.35 Wk-H: $4.55
- North American integrated producer of value-added primary aluminum & high quality rolled coils, $.04 Quarterly Dividend; Q1 2013 Results
(NYSE: NR) Newpark Resources Inc. $10.01 Wk-H: $10.10
- worldwide drilling fluids, worksites, oilfield access roads, enviro. solutions, Q1 2013 $0.18/sh. Net Inc., new $50M share repurchase program
(NYSE: ESI) ITT Educational Services Inc. $19.82 Wk-H: $20.45
- a leading proprietary provider of postsecondary degree programs in the United States, Reports 2013 First Quarter Results
(NYSE: USNA) USANA Health Sciences Inc. $50.18 Wk-H: $56.69
- manufactures high-quality supplements, personal care, energy, weight-mgmt. & Now Offering Prenatal Product; Record Q1 Financial Results
NYSE MKT AMEX
(AMEX: GST) Gastar Exploration $1.59 $1.97 $2.55 Wk-H: $18.56
- U.S. O&G shale plays, Announces Q1 2013 Earnings Release and Conference Call May 2 and 3; Sale of East Texas Assets for $46M
(AMEX: IFMI) Institutional Financial Markets Inc. $2.75 $3.16 Wk-H: $3.39
- financial svc's firm in credit-related fixed income investments, FY Adj. Oper. Inc $7.5M $0.47/sh., Q4 $4.3M $0.26/sh., $0.02/sh. dividend
(AMEX: PBTH) PROLOR Biotech Inc. $5.47 $6.29 Wk-H: $6.41
- clinical stage biopharm applying unique technologies, OPKO Health to Acquire PROLOR: @$7.03/OPKO-sh. trans. valued $480M or $7.00/sh.
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 Wk-H: $11.38
- generic pharmaceutical products co. for a wide range of medical indications, to Present at Needham's 12th Annual Healthcare Conf. May 1
(AMEX: AGX) Argan Inc. $18.00 Wk-H: $18.56
- designs and builds energy plants (gas, alt. fuels & renewable wind power) through its Gemma Power Systems, Reports Q4 & Year End Results
(AMEX: BTX) BioTime Inc. $3.90 Wk-H: $4.25
- regenerative medicine and blood plasma volume expanders via its broad platform of stem cell tech., LifeMap Sciences Partners with Appistry
(AMEX: NSPR) InspireMD Inc. $2.25 Wk-H: $2.30
- MGuard Embolic Protection Stent (EPS) developer, FDA Approval to Begin U.S. Reg. Trial, New V.P. Corp. Dev.; Closes $25M offering @ $2/sh.
(AMEX: CVM) CEL-SCI Corporation $0.28 Wk-H: $0.309
- R&D to treat various diseases utilizing immune system, Update Phase-3 Clinical Trial of its investigational drug Multikine: head & neck cancer
NASDAQ
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 Wk-H: $3.80
- designs, manufactures, markets, sells (LED) light emitting diode lighting solutions in the U.S., Canada & intl., CEO Issues Shareholder Letter
(NASDAQ: SCON) Superconductor Technologies Inc. $0.27 (pre 1:12 r-split, $3.24 equiv.) $5.45 Wk-H: $5.70
- Q1 2013 Results & Conf. Call May 8; $2.18M Offering @$4.25/Sh.; Multinationals Orders for Conductus 2G HTS Wire; NASDAQ Compliance
(NASDAQ: TZYM) Tranzyme Inc. $0.55 Wk-H: $0.57
- biopharmaceutical co. focused on novel, mechanism-based therapeutics, Ocera merger with $20M Financing; Q4/FY 2012 Financial Results
(NASDAQ: LEDS) SemiLEDS Corporation $1.70 Wk-H: $1.84
- makes LED chips/components: street lights, inds./home lighting, UV curing, horticulture, medical/cosmetic, detects counterfeit, Q2 FY 2013
(NASDAQ: RSOL) Real Goods Solar Inc. $1.88 Wk-H: $2.34
- a nationwide leader of turnkey solar solutions, to Power 18 Stockton Schools, 5.1 MW Project Exp. to Save $600k Energy Costs 1st Year Alone
(NASDAQ: ABIO) ARCA biopharma Inc. $2.91 Wk-H: $3.58
- develops genetically-targeted therapies for cardio-vascular diseases, Medtronic to Collaborate Atrial Fibrillation Clinical Trial for Gencaro
(NASDAQ: FXEN) FX Energy Inc. $3.43 Wk-H: $3.97
- an independent O&G co. with production in the U.S. and Poland's Permian Basin, Testing Tuchola-3K and Plawce-2 Wells
(NASDAQ: VLTC) Voltari Corporation $0.59 (pre 1:10 r-split, $5.90 equiv.) Wk-H: $7.29
- empowers brands/ad-agencies to max reach & economics of mobile ecosystem via relevance-driven marketing, Motricity Reorg. Completed
(NASDAQ: CIMT) Cimatron Limited $7.80 Wk-H: $8.34
- provides integrated CAD/CAM software solutions for mold, tool & die makers, CimatronE Supports 3D Printing Process for Production
(NASDAQ: INFN) Infinera Corporation $8.25 Wk-H: $8.55
- uses breakthrough semiconductor tech to improve networking economics via Digital Optical solutions, May Investor Events; Q1 2013 Results
(NASDAQ: SCMP) Sucampo Pharmaceuticals Inc. $8.46 Wk-H: $10.18
- FDA Approves Suppl New Drug App. AMITIZA (lubiprostone), 1st Oral Treatment Opioid-ind Constipation in Adults Chronic Non-Cancer Pain
(NASDAQ: CTCT) Constant Contact Inc. $14.85 Wk-H: $15.33
- helps more than half a million small organizations connect with customers through a suite of online marketing tools, Q1 2013 Finl. Results
(NASDAQ: LOGM) LogMeIn Inc. $21.67 Wk-H: $22.20
- essential cloud and mobile services, Bill Wagner new COO; Q1 2013 Results: Qtrly Rev. $37.4M, Def. $74.1M, ups Outlook to $157-$160M
(NASDAQ: ANGI) Angie's List Inc. $25.96 Wk-H: $26.72
- where 2M+ U.S. subscribers share consumer experiences and access local ratings, discounts, complaint resolution, Reports Q1 2013 Results
(NASDAQ: IPAR) Inter Parfums Inc. $27.76 Wk-H: $29.24
- fragrance and beauty partner for a growing list of brands for nearly 30 years, Reports Strong Growth in Q1 Sales & Increases 2013 Guidance
(NASDAQ: IRBT) iRobot Corporation $28.04 Wk-H: $29.30
- designs/builds robots that make a difference e.g. smarter home cleaning, defense & security, military robots, Reports Q1 Financial Results
(NASDAQ: STMP) Stamps.com Inc. $32.14 Wk-H: $33.62
- a leading provider of Internet-based postage services, Announces Record Non-GAAP Earnings per Share of $0.57
OTCBB
(OTCBB: TALK) iTalk Inc. $0.76 Wk-H: $0.88
- mobile comm. with high quality cellular alternative that severely undercuts major natl. carriers, Engages Leading Digital Marketing Agency
TSX (quote T. and ticker symbol)
(TSX: SO) Softchoice Corporation $14.80 $20.08 Wk-H: $20.19
- a leading North American tech. solutions & services provider, Birch Hill Eq. Partners Enters into Agreement to Take Private for $20.00/Share
(TSX: CSI) Colossus Minerals Inc. $2.18 Wk-H: $2.45
- bringing its 75% owned Serra Pelada Gold-Platinum-Palladium Mine to production, to Present at Euro Gold Forum; Development Update
(TSX: GXI) GuestLogix Inc. $1.10 Wk-H: $1.13
- leading global provider of onboard retail/payment technology solutions to airlines/travel co.'s, Named #2 Cdn. Mobile Tech. by Branham300
(TSX: UWE) U3O8 Corp. $0.155 Wk-H: $0.18
- S-America's Leading Uranium Explorer acquires Calypso; Argentina JV with Avocet; PEA Shows Berlin Colombia Could Be Zero Cost Producer
TSX Venture (quote V. and ticker symbol)
(TSXV: GRB) Greenbriar Capital Corp. $1.17 $1.88 Wk-H: $1.90
- Tight 11M sh. structure, keeps making NHs, broke +$1 Feb. 25, real-estate & solar power interests, agr. to acquire 80 MW Utah wind project
(TSXV: CXO) Colorado Resources Ltd. $0.54 Wk-H: $0.65
- B.C. & Yukon + seeking quality U.S.-SW & Latin America projects, Drills 242m .63% Copper, .85g/t Gold in 1st Drillhole on its N. ROK Property
(TSXV: DCF) Difference Capital Funding Inc. $0.40 Wk-H: $0.47
- growth sectors focused merchant, insiders buy 10.6M Shs, YE Results: $85M raised, $7.8M rev, $4.3M net inc, $90M eq, new name/mgmt
(TSXV: PMI) Petromanas Energy Inc. $0.115 Wk-H: $0.125
- O&G co. with 1.4M+ acres in Albania's Berati thrust belt, France & Australia assets, update Shpirag-2 well & seismic program on Blocks 2-3
(TSXV: VVN) Victory Ventures Inc. $0.065 Wk-H: $0.08
- North American precious metals with planned drilling, Private Placement 3M @.05; Finalizes Drill Contract for Copau Property Iskut Dist. BC
(TSXV: HRC) Helio Resource Corp. $0.06 Wk-H: $0.10
- now owns 100% of SMP Gold Project in Tanzania after completing earn-in requirements, Private Placement for up to $1.75M @ $0.07/share
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: BYD) Boyd Gaming Corporation $8.85 $10.94 Wk-H: $11.70
- 22 gaming properties: NV-NJ-IL-IN-IA-KS-LA-MS, Q1 Results: net rev.'s $737M +16.4%, total adj. EBITDA +22.2% to $163.5M vs. yr-ago qtr.
(NYSE: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 Wk-H: $7.51
- global PV solar power man. in China, Completes Largest Rooftop PV System in a Desalin. Plant; Partners U Western Ont. to Power a Solar Car
(NYSE: MPG) MPG Office Trust Inc. $2.76 $3.13 Wk-H: $3.18
- largest owner/operator of Class A office properties in L.A. central business dist., Agr. to Be Acq. $3.15/sh. by Brookfield Office Prop's.
(NYSE: YGE) Yingli Green Energy Holding Co. Ltd. ADS $2.19 $2.25 Wk-H: $2.45
- of world's largest vertically integrated photovoltaic man.'s, US$165M Loan Agr. China Dev. Bank; Outstanding Perf. PHOTON Module Yield test
(NYSE: NBG) National Bank of Greece S.A. ADS $0.91 Wk-H: $1.17
- diversified financial services: retail/commercial banking, global investment management, investment banking, insurance, securities trading
(NYSE: MHR) Magnum Hunter Resources Corporation $2.82 Wk-H: $2.95
- 4 prolific shale plays: Marcellus, Utica, Pearsall, Williston Basin/Bakken, Closes $401M Eagle Ford Sale: Improves Liquidity, Debt & Growth
(NYSE: GGS) Global Geophysical Services, Inc. $3.56 Wk-H: $3.77
- high-res RG-3D Reservoir Grade seismic data to O&G co's., Reports Adj. EPS $0.05, Backlog up to $180M; Wins Hart's E&P Meritorious Award
(NYSE: NOR) Noranda Aluminum Holding Corporation $4.35 Wk-H: $4.55
- North American integrated producer of value-added primary aluminum & high quality rolled coils, $.04 Quarterly Dividend; Q1 2013 Results
(NYSE: NR) Newpark Resources Inc. $10.01 Wk-H: $10.10
- worldwide drilling fluids, worksites, oilfield access roads, enviro. solutions, Q1 2013 $0.18/sh. Net Inc., new $50M share repurchase program
(NYSE: ESI) ITT Educational Services Inc. $19.82 Wk-H: $20.45
- a leading proprietary provider of postsecondary degree programs in the United States, Reports 2013 First Quarter Results
(NYSE: USNA) USANA Health Sciences Inc. $50.18 Wk-H: $56.69
- manufactures high-quality supplements, personal care, energy, weight-mgmt. & Now Offering Prenatal Product; Record Q1 Financial Results
NYSE MKT AMEX
(AMEX: GST) Gastar Exploration $1.59 $1.97 $2.55 Wk-H: $18.56
- U.S. O&G shale plays, Announces Q1 2013 Earnings Release and Conference Call May 2 and 3; Sale of East Texas Assets for $46M
(AMEX: IFMI) Institutional Financial Markets Inc. $2.75 $3.16 Wk-H: $3.39
- financial svc's firm in credit-related fixed income investments, FY Adj. Oper. Inc $7.5M $0.47/sh., Q4 $4.3M $0.26/sh., $0.02/sh. dividend
(AMEX: PBTH) PROLOR Biotech Inc. $5.47 $6.29 Wk-H: $6.41
- clinical stage biopharm applying unique technologies, OPKO Health to Acquire PROLOR: @$7.03/OPKO-sh. trans. valued $480M or $7.00/sh.
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 Wk-H: $11.38
- generic pharmaceutical products co. for a wide range of medical indications, to Present at Needham's 12th Annual Healthcare Conf. May 1
(AMEX: AGX) Argan Inc. $18.00 Wk-H: $18.56
- designs and builds energy plants (gas, alt. fuels & renewable wind power) through its Gemma Power Systems, Reports Q4 & Year End Results
(AMEX: BTX) BioTime Inc. $3.90 Wk-H: $4.25
- regenerative medicine and blood plasma volume expanders via its broad platform of stem cell tech., LifeMap Sciences Partners with Appistry
(AMEX: NSPR) InspireMD Inc. $2.25 Wk-H: $2.30
- MGuard Embolic Protection Stent (EPS) developer, FDA Approval to Begin U.S. Reg. Trial, New V.P. Corp. Dev.; Closes $25M offering @ $2/sh.
(AMEX: CVM) CEL-SCI Corporation $0.28 Wk-H: $0.309
- R&D to treat various diseases utilizing immune system, Update Phase-3 Clinical Trial of its investigational drug Multikine: head & neck cancer
NASDAQ
(NASDAQ: RVLT) Revolution Lighting Technologies Inc. $1.33 $1.53 $2.85 Wk-H: $3.80
- designs, manufactures, markets, sells (LED) light emitting diode lighting solutions in the U.S., Canada & intl., CEO Issues Shareholder Letter
(NASDAQ: SCON) Superconductor Technologies Inc. $0.27 (pre 1:12 r-split, $3.24 equiv.) $5.45 Wk-H: $5.70
- Q1 2013 Results & Conf. Call May 8; $2.18M Offering @$4.25/Sh.; Multinationals Orders for Conductus 2G HTS Wire; NASDAQ Compliance
(NASDAQ: TZYM) Tranzyme Inc. $0.55 Wk-H: $0.57
- biopharmaceutical co. focused on novel, mechanism-based therapeutics, Ocera merger with $20M Financing; Q4/FY 2012 Financial Results
(NASDAQ: LEDS) SemiLEDS Corporation $1.70 Wk-H: $1.84
- makes LED chips/components: street lights, inds./home lighting, UV curing, horticulture, medical/cosmetic, detects counterfeit, Q2 FY 2013
(NASDAQ: RSOL) Real Goods Solar Inc. $1.88 Wk-H: $2.34
- a nationwide leader of turnkey solar solutions, to Power 18 Stockton Schools, 5.1 MW Project Exp. to Save $600k Energy Costs 1st Year Alone
(NASDAQ: ABIO) ARCA biopharma Inc. $2.91 Wk-H: $3.58
- develops genetically-targeted therapies for cardio-vascular diseases, Medtronic to Collaborate Atrial Fibrillation Clinical Trial for Gencaro
(NASDAQ: FXEN) FX Energy Inc. $3.43 Wk-H: $3.97
- an independent O&G co. with production in the U.S. and Poland's Permian Basin, Testing Tuchola-3K and Plawce-2 Wells
(NASDAQ: VLTC) Voltari Corporation $0.59 (pre 1:10 r-split, $5.90 equiv.) Wk-H: $7.29
- empowers brands/ad-agencies to max reach & economics of mobile ecosystem via relevance-driven marketing, Motricity Reorg. Completed
(NASDAQ: CIMT) Cimatron Limited $7.80 Wk-H: $8.34
- provides integrated CAD/CAM software solutions for mold, tool & die makers, CimatronE Supports 3D Printing Process for Production
(NASDAQ: INFN) Infinera Corporation $8.25 Wk-H: $8.55
- uses breakthrough semiconductor tech to improve networking economics via Digital Optical solutions, May Investor Events; Q1 2013 Results
(NASDAQ: SCMP) Sucampo Pharmaceuticals Inc. $8.46 Wk-H: $10.18
- FDA Approves Suppl New Drug App. AMITIZA (lubiprostone), 1st Oral Treatment Opioid-ind Constipation in Adults Chronic Non-Cancer Pain
(NASDAQ: CTCT) Constant Contact Inc. $14.85 Wk-H: $15.33
- helps more than half a million small organizations connect with customers through a suite of online marketing tools, Q1 2013 Finl. Results
(NASDAQ: LOGM) LogMeIn Inc. $21.67 Wk-H: $22.20
- essential cloud and mobile services, Bill Wagner new COO; Q1 2013 Results: Qtrly Rev. $37.4M, Def. $74.1M, ups Outlook to $157-$160M
(NASDAQ: ANGI) Angie's List Inc. $25.96 Wk-H: $26.72
- where 2M+ U.S. subscribers share consumer experiences and access local ratings, discounts, complaint resolution, Reports Q1 2013 Results
(NASDAQ: IPAR) Inter Parfums Inc. $27.76 Wk-H: $29.24
- fragrance and beauty partner for a growing list of brands for nearly 30 years, Reports Strong Growth in Q1 Sales & Increases 2013 Guidance
(NASDAQ: IRBT) iRobot Corporation $28.04 Wk-H: $29.30
- designs/builds robots that make a difference e.g. smarter home cleaning, defense & security, military robots, Reports Q1 Financial Results
(NASDAQ: STMP) Stamps.com Inc. $32.14 Wk-H: $33.62
- a leading provider of Internet-based postage services, Announces Record Non-GAAP Earnings per Share of $0.57
OTCBB
(OTCBB: TALK) iTalk Inc. $0.76 Wk-H: $0.88
- mobile comm. with high quality cellular alternative that severely undercuts major natl. carriers, Engages Leading Digital Marketing Agency
TSX (quote T. and ticker symbol)
(TSX: SO) Softchoice Corporation $14.80 $20.08 Wk-H: $20.19
- a leading North American tech. solutions & services provider, Birch Hill Eq. Partners Enters into Agreement to Take Private for $20.00/Share
(TSX: CSI) Colossus Minerals Inc. $2.18 Wk-H: $2.45
- bringing its 75% owned Serra Pelada Gold-Platinum-Palladium Mine to production, to Present at Euro Gold Forum; Development Update
(TSX: GXI) GuestLogix Inc. $1.10 Wk-H: $1.13
- leading global provider of onboard retail/payment technology solutions to airlines/travel co.'s, Named #2 Cdn. Mobile Tech. by Branham300
(TSX: UWE) U3O8 Corp. $0.155 Wk-H: $0.18
- S-America's Leading Uranium Explorer acquires Calypso; Argentina JV with Avocet; PEA Shows Berlin Colombia Could Be Zero Cost Producer
TSX Venture (quote V. and ticker symbol)
(TSXV: GRB) Greenbriar Capital Corp. $1.17 $1.88 Wk-H: $1.90
- Tight 11M sh. structure, keeps making NHs, broke +$1 Feb. 25, real-estate & solar power interests, agr. to acquire 80 MW Utah wind project
(TSXV: CXO) Colorado Resources Ltd. $0.54 Wk-H: $0.65
- B.C. & Yukon + seeking quality U.S.-SW & Latin America projects, Drills 242m .63% Copper, .85g/t Gold in 1st Drillhole on its N. ROK Property
(TSXV: DCF) Difference Capital Funding Inc. $0.40 Wk-H: $0.47
- growth sectors focused merchant, insiders buy 10.6M Shs, YE Results: $85M raised, $7.8M rev, $4.3M net inc, $90M eq, new name/mgmt
(TSXV: PMI) Petromanas Energy Inc. $0.115 Wk-H: $0.125
- O&G co. with 1.4M+ acres in Albania's Berati thrust belt, France & Australia assets, update Shpirag-2 well & seismic program on Blocks 2-3
(TSXV: VVN) Victory Ventures Inc. $0.065 Wk-H: $0.08
- North American precious metals with planned drilling, Private Placement 3M @.05; Finalizes Drill Contract for Copau Property Iskut Dist. BC
(TSXV: HRC) Helio Resource Corp. $0.06 Wk-H: $0.10
- now owns 100% of SMP Gold Project in Tanzania after completing earn-in requirements, Private Placement for up to $1.75M @ $0.07/share
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Sunday, April 21, 2013
InvestorsGuru.com 41 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers are notable US/Cdn. stocks based on high volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com . Below recaps last week's movers, prices as posted, 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: EVC) Entravision Communications Corp. $3.40 $3.61 Wk-H: $3.62
- Spanish-language media: TV, radio & digital channels, to Air Exclusive 2-Part Nevada Gov. Sandoval Interview on Noticias Univision Nevada
(NYSE: GOL) GOL Linhas Aereas Inteligentes S.A. ADS $6.31 Wk-H: $6.65
- largest low-cost/low-fare airline in Latin America, March PRASK +16%; Annual Meeting Notice; Gen. Atl. Investment Agr.; Antic. Mileage Sales
(NYSE: PTGI) Primus Telecommunications Group Inc. $12.27 Wk-H: $13.21
- global facilities-based integrated provider of advanced telecom. prod.'s/services, PTGi Sells BLACKIRON Data CAD$200M to Canada's Rogers
NYSE MKT AMEX
(AMEX: BAA)(TSX: BAA) Banro Corporation $1.13 Wk-H: $1.23
- gold oxide mine, other developments in the Democratic Republic of Congo, Provides Q1 2013 Production Update for Its Twangiza Gold Mine
(AMEX: CUR) Neuralstem Inc. $1.13 Wk-H: $1.16
- patented technology to produce neural stem cells of human brain and spinal cord, FDA Approval to Commence Phase II ALS Stem Cell Trial
(AMEX: ETAK) Elephant Talk Communications Inc. $1.18 Wk-H: $1.20
- Software DNA platforms for security and to prevent fraud in telecom., mobile, financial inds., Q4/FY 2012; ValidSoft wins Jury Vote SI Award
(AMEX: ADK) AdCare Health Systems Inc. $6.02 Wk-H: $6.26
- long-term care provider, Brogdon Family Announces Intention to Commence Tender Offer for Majority Interest @ $8/share
NASDAQ
(NASDAQ: UNXL) Uni-Pixel Inc. $23.23 $27.22 $37.27 Wk-H: $41.42
- Perf. Eng. Films for touch screens, flexible printed electronics, lighting and display markets, Kodak to Man./Supply UniBoss Touch Sensors
(NASDAQ: RPRX) Repros Therapeutics Inc. $13.45 $16.10 $18.97 Wk-H: $19.88
- focused on small molecule drugs to treat reproductive disorders, Reports Issuance of Two Additional U.S. Androxal Patents
(NASDAQ: ACUR) Acura Pharmaceuticals Inc. $3.04 $2.90 Wk-H: $3.78
- specialty pharmaceutical co. with product candidates to address medication misuse, Awarded US Patent-Abuse Deterrent Drug Formulations
(NASDAQ: CHCI) Comstock Homebuilding Companies Inc. $1.75 $2.75 Wk-H: $2.79
- Washington D.C. home building and real estate
(NASDAQ: OCZ) OCZ Technology Group Inc. $2.03 $1.58 Wk-H: $1.60
- a leading provider of high-performance solid-state drives (SSDs) for computing devices, Best of Interop 2013 Finalist; Issues Investor Update
(NASDAQ: UFPI) Universal Forest Products Inc. $37.13 Wk-H: $38.73
- wood for building materials, structural lumber, housing frames, specialty packaging etc. Q1 Net Sales +21%; Net Earnings +26%; $.20/sh. div.
(NASDAQ: EFII) Electronics for Imaging Inc. $26.26 Wk-H: $27.65
- worldwide products/technology/services to transform analog to digital images, Record Q1 Revenue $171M +7% Growth Drives Income +24%
(NASDAQ: PNFP) Pinnacle Financial Partners Inc. $24.45 Wk-H: $25.00
- full range of banking, investment, mortgage, insurance products in Tennessee, Quarterly Record Pre-Tax Net Income, Fully diluted EPS +86%
(NASDAQ: TZOO) Travelzoo Inc. $24.07 Wk-H: $25.91
- global Internet media, Reports Q1 2013 Results: Revenue $42.2M +7%, Net income $5.6M +49%, EPS $0.36 vs. $0.23 (GAAP), Cash flow $6.5M
(NASDAQ: ANEN) Anaren Inc. $22.55 Wk-H: $23.95
- $23/share offer; 1st-Time Exhibit LIGHTFAIR 2013 to Feature its New Wireless Solutions for Lighting Apps., Incl. Ephesus, TI & Pi-Lit Systems
(NASDAQ: ABMD) ABIOMED Inc. $17.78 Wk-H: $18.08
- provider of breakthrough heart support technologies, Prelim. Q4 Revenue $43.7M Driven by Record # of Patients Sup., FY Exceeds Guidance
(NASDAQ: OSTK) Overstock.com Inc. $15.22 Wk-H: $19.25
- online discount retailer: furniture, rugs, bedding, electronics, clothing, jewelry to even cars, Q1 2013 net inc. $7.7M, revenue growth +19%
(NASDAQ: NVDQ)(TSX: NDQ) Novadaq Technologies Inc. $12.73 Wk-H: $12.98
- fluorescence imaging solutions: SPY/PINPOINT HD-endoscopes for surgical & wound care, Interim PILLAR II Results Reported During SAGES
(NASDAQ: RMBS) Rambus Inc. $7.15 Wk-H: $7.40
- semiconductor memory architectures and technology solutions, 2013 DesignCon Best Paper Award, 'Chip-Level Design'; Q1 2013 Results
(NASDAQ: BAGR) Diversified Restaurant Holdings Inc. $5.72 Wk-H: $6.05
- Bagger Dave's + of the largest Buffalo Wild Wings franchisees, now on NASDAQ; Expands Cr. Facility to $63M; Q4 Rev +62.4%; 2012 Record
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 Wk-H: $4.15
- leading developer of therapeutics to target galectin proteins to treat liver fibrosis/cirrhosis/cancer, to Present New Data Intl. Liver Congress
(NASDAQ: VISN) VisionChina Media Inc. $2.83 Wk-H: $3.22
- one of China's largest out-of-home digital television advertising networks on mass transportation systems, Announces Q4/FY 2012 Results
(NASDAQ: GENE) Genetic Technologies Limited $2.70 Wk-H: $3.30
- diagnostics, testing, DNA, patents, Study Validates BREVAGen More Accurately Id's Breast Cancer Risk Leading to Increases Health Compliance
(NASDAQ: CNIT) China Information Technology Inc. $1.56 Wk-H: $1.91
- geographic info systems, digital public security technology, hospital info systems and high-end digital display products/solutions in China
(NASDAQ: ADAT) Authentidate Holding Corp. $1.37 Wk-H: $1.50
- secure web-based software applications & telehealth products/services, Announces Conversion Series C Preferred Stock Into Common Stock
(NASDAQ: ECTY) Ecotality Inc. $1.30 Wk-H: $1.64
- clean electric transportation technologies e.g. vehicle charging stations, Q4/Fiscal 2012 Results, FY 2012 Revenue +93% to Record $54.7M
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 Wk-H: $1.14
- a global leader in all IP multi-service access solutions for 750+ of world's most innovative network operators, Q1 2013 Financial Results
(NASDAQ: CPRX) Catalyst Pharmaceutical Partners Inc. $0.80 Wk-H: $0.96
- drugs targeting rare neuromuscular/neurological diseases/disorders: (LEMS), spasms, Tourettes, Q4/YE 2012 Financial Results, CEO change
OTCBB/OTCQB
(OTCBB: FNMA) Federal National Mortgage Association $0.36 $.70 $0.78 $0.89 $0.81 Wk-H: $0.85
- Fannie Mae enables people to buy, refinance, or rent a home; Multifamily Kicks Off 2013 with Robust Q1 Iss.; Consumers Positive on Housing
(OTCBB: EKDKQ) Eastman Kodak Company $0.33 Wk-H: $0.34
- transforming to Commercial Imaging B2B, to Man./Supply UniBoss Touch Sensors for UniPixel; Proposed Sale of Doc. Imaging Biz to Brother
(OTCBB: WDDD) Worlds Inc. $0.52 Wk-H: $0.55
- intellectual property developer and licensee of patents re: 3D online virtual worlds, Receives 8th MMORPG Patent; Enters $2.3M Finance Agr.'s
(OTCBB: FMAR) First Mariner Bancorp $1.02 Wk-H: $1.20
- $1.38B in assets & 21 full-service bank branches in NE area, Provides Update On Its Compliance With Regulatory Orders; Q4-2012 Earnings
(OTCBB: HIDC) Harbor Island Development Corp. $0.046 Wk-H: $0.052
- multi-channel direct marketing, Signs National Print Marketing Agr.'s: Merlin Technologies-manufactures GeeWhiz mens incontinence device
TSX (quote T. and ticker symbol)
(TSX: AXY) Alterra Power Corp. $0.315 Wk-H: $0.33
- global renewable energy with 6-power plants: Iceland & Nevada geothermal, B.C.'s largest run-of-river hydro & wind farm, YE 2012 Results
(TSX: BNC) Bioniche Life Sciences Inc. $0.27 Wk-H: $0.27
- research-based, tech.-driven Cdn. biopharmaceutical co., Increased Trading Activity; E. Coli Vaccine to be Used in On-Farm Study in Sweden
(TSX: CWG) Craig Wireless Systems Ltd. $0.055 Wk-H: $0.07
- telecom. services: broadband internet access, connectivity, hosting & security, acquires add'l NZ spectrum rights; Q2 financials; TSX notice
TSX Venture (quote V. and ticker symbol)
(TSXV: ZEN) Zenyatta Ventures Ltd. $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 $1.99 $2.10 Wk-H: $2.10
- drilling its 100% owned Albany Hydrothermal Graphite Deposit, Awarded: Ontario Discovery of the Year + Top Performing TSXV Co. Award
(TSXV: MMT) Mart Resources Inc. $2.00 $2.08 $2.27 $2.13 $1.56 Wk-H: $1.65
- 1st tweet $0.68 11/2010, Pipeline Repair Complete, Umusadege Oil Field Prod. Resumed Apr. 17; US $100M Sec. Term Loan Facility; $.05 Div.
(TSXV: BCM) Bear Creek Mining Corporation $2.40 Wk-H: $2.70
- 500M+oz Ag in Peru, positive Corani public hearing & life of mine community investment agr.'s; Large scale silver project approval on track
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: EVC) Entravision Communications Corp. $3.40 $3.61 Wk-H: $3.62
- Spanish-language media: TV, radio & digital channels, to Air Exclusive 2-Part Nevada Gov. Sandoval Interview on Noticias Univision Nevada
(NYSE: GOL) GOL Linhas Aereas Inteligentes S.A. ADS $6.31 Wk-H: $6.65
- largest low-cost/low-fare airline in Latin America, March PRASK +16%; Annual Meeting Notice; Gen. Atl. Investment Agr.; Antic. Mileage Sales
(NYSE: PTGI) Primus Telecommunications Group Inc. $12.27 Wk-H: $13.21
- global facilities-based integrated provider of advanced telecom. prod.'s/services, PTGi Sells BLACKIRON Data CAD$200M to Canada's Rogers
NYSE MKT AMEX
(AMEX: BAA)(TSX: BAA) Banro Corporation $1.13 Wk-H: $1.23
- gold oxide mine, other developments in the Democratic Republic of Congo, Provides Q1 2013 Production Update for Its Twangiza Gold Mine
(AMEX: CUR) Neuralstem Inc. $1.13 Wk-H: $1.16
- patented technology to produce neural stem cells of human brain and spinal cord, FDA Approval to Commence Phase II ALS Stem Cell Trial
(AMEX: ETAK) Elephant Talk Communications Inc. $1.18 Wk-H: $1.20
- Software DNA platforms for security and to prevent fraud in telecom., mobile, financial inds., Q4/FY 2012; ValidSoft wins Jury Vote SI Award
(AMEX: ADK) AdCare Health Systems Inc. $6.02 Wk-H: $6.26
- long-term care provider, Brogdon Family Announces Intention to Commence Tender Offer for Majority Interest @ $8/share
NASDAQ
(NASDAQ: UNXL) Uni-Pixel Inc. $23.23 $27.22 $37.27 Wk-H: $41.42
- Perf. Eng. Films for touch screens, flexible printed electronics, lighting and display markets, Kodak to Man./Supply UniBoss Touch Sensors
(NASDAQ: RPRX) Repros Therapeutics Inc. $13.45 $16.10 $18.97 Wk-H: $19.88
- focused on small molecule drugs to treat reproductive disorders, Reports Issuance of Two Additional U.S. Androxal Patents
(NASDAQ: ACUR) Acura Pharmaceuticals Inc. $3.04 $2.90 Wk-H: $3.78
- specialty pharmaceutical co. with product candidates to address medication misuse, Awarded US Patent-Abuse Deterrent Drug Formulations
(NASDAQ: CHCI) Comstock Homebuilding Companies Inc. $1.75 $2.75 Wk-H: $2.79
- Washington D.C. home building and real estate
(NASDAQ: OCZ) OCZ Technology Group Inc. $2.03 $1.58 Wk-H: $1.60
- a leading provider of high-performance solid-state drives (SSDs) for computing devices, Best of Interop 2013 Finalist; Issues Investor Update
(NASDAQ: UFPI) Universal Forest Products Inc. $37.13 Wk-H: $38.73
- wood for building materials, structural lumber, housing frames, specialty packaging etc. Q1 Net Sales +21%; Net Earnings +26%; $.20/sh. div.
(NASDAQ: EFII) Electronics for Imaging Inc. $26.26 Wk-H: $27.65
- worldwide products/technology/services to transform analog to digital images, Record Q1 Revenue $171M +7% Growth Drives Income +24%
(NASDAQ: PNFP) Pinnacle Financial Partners Inc. $24.45 Wk-H: $25.00
- full range of banking, investment, mortgage, insurance products in Tennessee, Quarterly Record Pre-Tax Net Income, Fully diluted EPS +86%
(NASDAQ: TZOO) Travelzoo Inc. $24.07 Wk-H: $25.91
- global Internet media, Reports Q1 2013 Results: Revenue $42.2M +7%, Net income $5.6M +49%, EPS $0.36 vs. $0.23 (GAAP), Cash flow $6.5M
(NASDAQ: ANEN) Anaren Inc. $22.55 Wk-H: $23.95
- $23/share offer; 1st-Time Exhibit LIGHTFAIR 2013 to Feature its New Wireless Solutions for Lighting Apps., Incl. Ephesus, TI & Pi-Lit Systems
(NASDAQ: ABMD) ABIOMED Inc. $17.78 Wk-H: $18.08
- provider of breakthrough heart support technologies, Prelim. Q4 Revenue $43.7M Driven by Record # of Patients Sup., FY Exceeds Guidance
(NASDAQ: OSTK) Overstock.com Inc. $15.22 Wk-H: $19.25
- online discount retailer: furniture, rugs, bedding, electronics, clothing, jewelry to even cars, Q1 2013 net inc. $7.7M, revenue growth +19%
(NASDAQ: NVDQ)(TSX: NDQ) Novadaq Technologies Inc. $12.73 Wk-H: $12.98
- fluorescence imaging solutions: SPY/PINPOINT HD-endoscopes for surgical & wound care, Interim PILLAR II Results Reported During SAGES
(NASDAQ: RMBS) Rambus Inc. $7.15 Wk-H: $7.40
- semiconductor memory architectures and technology solutions, 2013 DesignCon Best Paper Award, 'Chip-Level Design'; Q1 2013 Results
(NASDAQ: BAGR) Diversified Restaurant Holdings Inc. $5.72 Wk-H: $6.05
- Bagger Dave's + of the largest Buffalo Wild Wings franchisees, now on NASDAQ; Expands Cr. Facility to $63M; Q4 Rev +62.4%; 2012 Record
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 Wk-H: $4.15
- leading developer of therapeutics to target galectin proteins to treat liver fibrosis/cirrhosis/cancer, to Present New Data Intl. Liver Congress
(NASDAQ: VISN) VisionChina Media Inc. $2.83 Wk-H: $3.22
- one of China's largest out-of-home digital television advertising networks on mass transportation systems, Announces Q4/FY 2012 Results
(NASDAQ: GENE) Genetic Technologies Limited $2.70 Wk-H: $3.30
- diagnostics, testing, DNA, patents, Study Validates BREVAGen More Accurately Id's Breast Cancer Risk Leading to Increases Health Compliance
(NASDAQ: CNIT) China Information Technology Inc. $1.56 Wk-H: $1.91
- geographic info systems, digital public security technology, hospital info systems and high-end digital display products/solutions in China
(NASDAQ: ADAT) Authentidate Holding Corp. $1.37 Wk-H: $1.50
- secure web-based software applications & telehealth products/services, Announces Conversion Series C Preferred Stock Into Common Stock
(NASDAQ: ECTY) Ecotality Inc. $1.30 Wk-H: $1.64
- clean electric transportation technologies e.g. vehicle charging stations, Q4/Fiscal 2012 Results, FY 2012 Revenue +93% to Record $54.7M
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 Wk-H: $1.14
- a global leader in all IP multi-service access solutions for 750+ of world's most innovative network operators, Q1 2013 Financial Results
(NASDAQ: CPRX) Catalyst Pharmaceutical Partners Inc. $0.80 Wk-H: $0.96
- drugs targeting rare neuromuscular/neurological diseases/disorders: (LEMS), spasms, Tourettes, Q4/YE 2012 Financial Results, CEO change
OTCBB/OTCQB
(OTCBB: FNMA) Federal National Mortgage Association $0.36 $.70 $0.78 $0.89 $0.81 Wk-H: $0.85
- Fannie Mae enables people to buy, refinance, or rent a home; Multifamily Kicks Off 2013 with Robust Q1 Iss.; Consumers Positive on Housing
(OTCBB: EKDKQ) Eastman Kodak Company $0.33 Wk-H: $0.34
- transforming to Commercial Imaging B2B, to Man./Supply UniBoss Touch Sensors for UniPixel; Proposed Sale of Doc. Imaging Biz to Brother
(OTCBB: WDDD) Worlds Inc. $0.52 Wk-H: $0.55
- intellectual property developer and licensee of patents re: 3D online virtual worlds, Receives 8th MMORPG Patent; Enters $2.3M Finance Agr.'s
(OTCBB: FMAR) First Mariner Bancorp $1.02 Wk-H: $1.20
- $1.38B in assets & 21 full-service bank branches in NE area, Provides Update On Its Compliance With Regulatory Orders; Q4-2012 Earnings
(OTCBB: HIDC) Harbor Island Development Corp. $0.046 Wk-H: $0.052
- multi-channel direct marketing, Signs National Print Marketing Agr.'s: Merlin Technologies-manufactures GeeWhiz mens incontinence device
TSX (quote T. and ticker symbol)
(TSX: AXY) Alterra Power Corp. $0.315 Wk-H: $0.33
- global renewable energy with 6-power plants: Iceland & Nevada geothermal, B.C.'s largest run-of-river hydro & wind farm, YE 2012 Results
(TSX: BNC) Bioniche Life Sciences Inc. $0.27 Wk-H: $0.27
- research-based, tech.-driven Cdn. biopharmaceutical co., Increased Trading Activity; E. Coli Vaccine to be Used in On-Farm Study in Sweden
(TSX: CWG) Craig Wireless Systems Ltd. $0.055 Wk-H: $0.07
- telecom. services: broadband internet access, connectivity, hosting & security, acquires add'l NZ spectrum rights; Q2 financials; TSX notice
TSX Venture (quote V. and ticker symbol)
(TSXV: ZEN) Zenyatta Ventures Ltd. $1.46 $1.51 $1.49 $1.78 $2.10 $1.85 $1.99 $2.10 Wk-H: $2.10
- drilling its 100% owned Albany Hydrothermal Graphite Deposit, Awarded: Ontario Discovery of the Year + Top Performing TSXV Co. Award
(TSXV: MMT) Mart Resources Inc. $2.00 $2.08 $2.27 $2.13 $1.56 Wk-H: $1.65
- 1st tweet $0.68 11/2010, Pipeline Repair Complete, Umusadege Oil Field Prod. Resumed Apr. 17; US $100M Sec. Term Loan Facility; $.05 Div.
(TSXV: BCM) Bear Creek Mining Corporation $2.40 Wk-H: $2.70
- 500M+oz Ag in Peru, positive Corani public hearing & life of mine community investment agr.'s; Large scale silver project approval on track
Sign-up at InvestorsGuru.com (or blog.InvestorsGuru.com) for our Small Cap Stock Observer newsletter, and to set-up your own My Portfolio, My Watchlist & Alerts and News by Email preferences, or quote to comment at our AnyTicker.com Bulletin Boards. Free!
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Monday, April 15, 2013
Don't Miss Uranium's Spike: Outlook, Drivers, Japan, Value, Uranerz - InvestorsGuru.com
Uranium Outlook
Evidence supporting uranium's imminent revival continues to build. You wouldn't know this by looking at the U3O8 spot price—still barely above its November lows—currently at $42.25 per pound. However, longer-term uranium prices and forecasts tell a different story of robust fundamentals, reflecting both growing demand and tightening supplies worldwide.
We have written about several large uranium developments that have been deferred and likely not going ahead until prices double. A recent 28-page Uranium Market Outlook analysts' report seems to support this view. They also see China's rapidly growing nuclear industry as the main uranium demand driver through 2020, and that the existing production base is insufficient to satisfy demand growth without substantially higher prices—needed to motivate more exploration and production.
In addition to the many new mines already mothballed or delayed due to low prices, supply will further tighten materially—around 24Mlbs. or 13%+ of the 180Mlbs. consumed worldwide in 2012—as the Megatons to Megawatts HEU program ends in 2013. The only major incremental new supply expected is (NYSE: CCJ)(TSX: CCO) Cameco Corp.'s Cigar Lake mine that is ramping up this year—but this will only partially offset the impending uranium supply gap.
The report forecasts uranium prices improving later this year—more than 14% over the current spot price. In 2014 this moves up to $65lb., for 2015-2016 they estimate $75lb., and $80lb. for 2017-2020. For U3O8 term prices they estimate $75lb. next year, $80lb. in 2015-2016, and $85lb. in 2017-2020. For the market to balance, by 2017 they expect $80-$85lb.—about double today's spot, like we said.
Uranium Drivers
From a timing perspective, our February 4th and March 10th newsletters outlined eight potential uranium catalysts. On the supply-side, these range from uneconomic prices causing additional mine delays and deferments, to the world's current 40Mlb. uranium mining deficit widening 60% after Russia is done with HEU down-blending.
Two events that haven't impacted spot prices as much as I expected were when Kazakhstan—world's largest uranium producing country—experienced severe damage to power lines over the winter that some thought could impact supply by as much as 2.4-3.2Mlbs. this year. Then there's the intensifying military actions in Mali, West Africa, with France's involvement—presumably to protect Areva's mines next-door in Niger that will produce close to 11Mlbs of uranium in 2013.
On the demand side, catalysts range from nuclear power growth—435 operable reactors, increasing to 983 including those under construction, planned and proposed, to stockpiling—major producers, utilities, China and others, to increased M&A activity—(NYSE: RIO) Rio Tinto's CA$654M takeover battle for Hathor Exploration, this year's ARMZ buyout of the rest of (TSX: UUU) Uranium One, and (TSX: DML)(AMEX: DNN) Denison Mines buying (TSXV: FIS) Fission Energy.
Japan, Uranium's Surprise—Again
Japan's March 11, 2011 record earthquake and tsunami caused the Fukushima power plant accident—the primary catalyst that turned a then hot uranium market instantly on its ear. Uranium investments have suffered since, as have the Japanese people with frequent power blackouts, higher energy prices, trade deficits replacing surpluses, and more pollution—from importing and burning more fossil fuels.
We've been bullish on uranium since before Fukushima, and continue to see the resulting sell-off as a deep dip within a long-term up-trend. The market seems more acceptable to this thesis now, although it continues to hesitate—regardless of how many catalysts there are—perhaps because nuclear power plants take years to approve and construct.
However, perhaps they are also forgetting that the 2011 uranium boom-bust—and I believe soon to boom again—cycle may have completed last December. Japan again has a pro-nuclear government, with 50 operable reactors, 3 under construction, 9 planned and 3 more proposed, as of April 2013. With only two of their large fleet of operable reactors back online, Japan has the potential to spike the uranium market instantly with a simple policy change statement.
Think about the market impact of Japan—where the current uranium bear-market started—totally changing tack to allow these 48 idle but operable nuclear reactors to restart faster. Stricter regulations with safety upgrades are to be expected, but the point is to picture how long it takes to build a nuclear reactor from scratch compared to turning a switch on again.
This type of speculation can't accurately—or likely at all—be factored into analysts' uranium price forecasts, as nobody knows when or how this may play out. It's a wildcard that on its own could turn the uranium market around in a heartbeat. Watch closely for any indications of Japan putting more of their reactors back online faster than expected—and how uranium spot prices react.
Fukushima—What Radiation?
Opponents of allowing Japan's reactors to be put back online faster—or at all—will continue to raise fears of radiation. They will point to the almost 20,000 lives lost, including 3,000 missing—though most of these deaths were from drowning. The fact is that not a single person died from radiation.
Here's the link and a few snippets from a Stars and Stripes article published last month on the two-year anniversary titled, "Fukushima radiation proves less deadly than feared": http://www.stripes.com/opinion/fukushima-radiation-proves-less-deadly-than-feared-1.211328
... "Even considering the upper boundary of estimated effects, there is unlikely to be any detectable increase in cancers in Japan, Asia or the world except close to the facility, according to a World Health Organization report. There will almost certainly be no increase in birth defects or genetic abnormalities from radiation.
... Rather than stand as a warning of the radiation danger posed by nuclear power, in other words, Fukushima has become a reminder that uninformed fears aren’t the same as actual risks.
... People naturally worried about eating fish from the ocean around Fukushima, and stringent mitigation actions were taken. Bluefin tuna caught off California six months later were found to have traces of cesium-137 from Fukushima, though less ounce for ounce than the amount of radioactive potassium-40 found in a banana.
... Japan has few domestic energy resources and depends on imports for about 85 percent of its energy. What price will the country pay if it abandons nuclear energy and uses only fossil fuels? Air pollution from coal-fired power plants causes about 500 times more deaths per unit of electricity produced than radiation from nuclear plants does. Electricity produced from oil isn’t much safer. Even natural gas causes about 60 times more deaths than nuclear does because of pollution. And consider that more than 100,000 coal miners died in the U.S. in the past century and more than 6,000 die every year in China.
If, in response to Fukushima, Japan switches to more fossil fuels, the resulting carbon dioxide emissions, greenhouse gases and global warming could affect all of us. Already, because of the nuclear shutdown since the accident, there is no longer any chance Japan will meet its commitments in the 2009 Copenhagen Accord to cut greenhouse-gas emissions from 1990 levels by 25 percent by 2020. The country’s 2012 estimate for greenhouse gases is about 1.3 billion tons, the most since 2007, making Japan the fifth top emitter worldwide." ...
Why Wait Until After Uranium Spikes?
By looking at most mining share prices and trading volumes these days, it seems there's no rush and that investors are content to wait and watch for higher commodities prices to lead—not just for uranium but also other precious, base and rare earth metals. But what if any of uranium's catalyst events intensify and shoot up U3O8 prices before 2014? Why miss uranium's next big move?
While I agree that timing any absolute bottom is usually a mugs game, for uranium it has to be close. Even if you discount all of the above as already in-the-market—with prices staying where they are for another year—this would then likely lead to even more consolidation, even fewer players, with even tighter supplies. More M&A activity alone tends to ignite investor interest.
The bottom line is, how long can spot prices remain this low—with such a tight uranium market? While these catalysts are starting to be recognized and worked into analysts' 2014 forward U3O8 projections, anyone looking at the huge spikes in past uranium price charts might also be asking if they should wait or act now?
As a side-note about Fission Energy, and as a wakeup to those convinced that junior mining is dead money—regardless of the news—the hottest play on the TSX Venture Exchange this year has been uranium exploration. Fission—and it's 50% JV-partner (TSXV: AMW) Alpha Minerals—has reported several holes with off-scale radioactivity at their PLS uranium discovery in the Athabasca Basin.
Alpha has been the most posted stock on our homepage's live Filtered Mid-Day Market Movers area, with both stocks posted regularly from mid-February to the end of March—and in our Weekend Recap newsletters. V.AMW has come from its $0.40 November low to a high of $5.10—more than a 12-bagger in less than 5-months. V.FIS—added to our Top 30 Small-Caps in November at $0.35—recently traded as high as $1.26, up 260%. Both stocks are respectively 28%-23% off their March 26th-25th highs, and their current 9-10,000 meter winter PLS drill program is winding down.
Strategic Value Positioning
While momentum players continue to chase the major markets' next higher-highs ledge—like lemmings, contrarian investors of beaten-up uranium and other mining companies need to focus on value. However in any downtrend—like mining since 2011—finding undervalued stocks is usually not enough as they often get even cheaper. As they say it's like catching a falling knife, so you need to be patient and prepared to pick even lower spots when to nibble again—over time.
Slowly building positions in a downtrend may provide levered returns later as the mining cycle finally turns higher again. The objective is to then have a meaningful position at as low an average cost as possible. To instead wait for the market to turn higher-first usually means paying more for fewer shares—as the first move is often fast and the biggest in percentage terms.
Stock picking is especially important during a downtrend. Investors need to be as concerned with Return-of-Capital as with Return-on-Capital. For balance and liquidity, never over commit to any single investment—no matter how cheap it seems—and always keep some powder dry.
Pure exploration plays can be exciting for a while, but when talking about value in a down-market you need to consider all the time and costs involved to turn a discovery into a National Instrument 43-101 Resource, and through the Preliminary Economic Assessment, Bankable Feasibility and Regulatory Permits stages. For me—to qualify as value—a company should have a qualified resource at the permitting stage, with management experienced in building mines and not desperate for cash.
Major producers qualify and seem attractive as they are close to their 5-year lows. However quality development stage uranium companies have been beaten-up significantly more and may offer even greater value. For safety's sake, focus on companies in an established mining district, with a fully permitted mine that is in construction and expected to be producing in the near-term.
Uranerz Energy
We have mentioned some of these companies before, including our featured uranium stock (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp. URZ' first ISR mine—Nichols Ranch—is located in the prolific Central Powder River Basin of Wyoming—WY and the PRB produces more uranium than any other U.S. state. Uranerz' last NI 43-101 resource report shows over 19Mlbs. U3O8—from only 7 out of 30 projects explored so far, on the company's 80k acres in the PRB.
Uranerz' management has a history of financing, finding, permitting, building, operating and even selling uranium mines. Nichols Ranch is now in the final stages of construction, with production expected to commence sometime this year. Last October the company received its Deep Disposal Well permit—the last authorization required to begin operations and commercial uranium production.
Since that release, the company's news flow has been somewhat quiet and URZ' shares have sagged with most uranium stocks—from around $1.70 then, to around $1.00 today. The only other announcements have been administrative, being their Q3-2012 financial results, and an accounting adjustment in how certain construction costs were treated as an expense rather than capitalized—restated in their 2012 year-end financial results that were released on March 28, 2013.
Uranerz' year-end financial summary shows $7M cash and $5.7M working capital. Last November the Wyoming Business Council (WBC) recommended approval of the company's application for a $20M low-interest loan under the state's Industrial Development Bond financing program. Final approval is subject to the completion of due diligence and satisfaction of various state approvals.
Based mainly on digging around the WBC's website: http://WyomingBusiness.org, my understanding is that this loan has been approved by the WBC, Johnson and Campbell Counties Wyoming—where URZ' mine operations are located, and by an independent consultant—Behre Dolbear & Company—which has completed its assessment to validate the economics of the Nichols Ranch mine.
Unless I'm missing something, the only other approvals are for Wyoming's governor, attorney general and state treasurer to sign-off. Perhaps an update or some other type of financing announcement might be in the works soon—as it has been five months since Uranerz' last new release about this loan.
Now that winter is over, we might also see URZ' news-flow heat up again with mine construction updates, and when the company expects to be drilling its deep disposal wells. I'd also like to know how they plan to follow-up on last year's discovery of a new uranium trend at their Monument Project, and any other drilling plans for this year.
Several reports suggest that URZ is an attractive takeover candidate for uranium mining companies already producing around Uranerz' properties—or by other majors looking to enter the PRB. We remain focused on the company's potential value as mine construction completes—as analysts start to re-rate URZ as a producer—and as additional feedstock resources are explored and developed.
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.
Evidence supporting uranium's imminent revival continues to build. You wouldn't know this by looking at the U3O8 spot price—still barely above its November lows—currently at $42.25 per pound. However, longer-term uranium prices and forecasts tell a different story of robust fundamentals, reflecting both growing demand and tightening supplies worldwide.
We have written about several large uranium developments that have been deferred and likely not going ahead until prices double. A recent 28-page Uranium Market Outlook analysts' report seems to support this view. They also see China's rapidly growing nuclear industry as the main uranium demand driver through 2020, and that the existing production base is insufficient to satisfy demand growth without substantially higher prices—needed to motivate more exploration and production.
In addition to the many new mines already mothballed or delayed due to low prices, supply will further tighten materially—around 24Mlbs. or 13%+ of the 180Mlbs. consumed worldwide in 2012—as the Megatons to Megawatts HEU program ends in 2013. The only major incremental new supply expected is (NYSE: CCJ)(TSX: CCO) Cameco Corp.'s Cigar Lake mine that is ramping up this year—but this will only partially offset the impending uranium supply gap.
The report forecasts uranium prices improving later this year—more than 14% over the current spot price. In 2014 this moves up to $65lb., for 2015-2016 they estimate $75lb., and $80lb. for 2017-2020. For U3O8 term prices they estimate $75lb. next year, $80lb. in 2015-2016, and $85lb. in 2017-2020. For the market to balance, by 2017 they expect $80-$85lb.—about double today's spot, like we said.
Uranium Drivers
From a timing perspective, our February 4th and March 10th newsletters outlined eight potential uranium catalysts. On the supply-side, these range from uneconomic prices causing additional mine delays and deferments, to the world's current 40Mlb. uranium mining deficit widening 60% after Russia is done with HEU down-blending.
Two events that haven't impacted spot prices as much as I expected were when Kazakhstan—world's largest uranium producing country—experienced severe damage to power lines over the winter that some thought could impact supply by as much as 2.4-3.2Mlbs. this year. Then there's the intensifying military actions in Mali, West Africa, with France's involvement—presumably to protect Areva's mines next-door in Niger that will produce close to 11Mlbs of uranium in 2013.
On the demand side, catalysts range from nuclear power growth—435 operable reactors, increasing to 983 including those under construction, planned and proposed, to stockpiling—major producers, utilities, China and others, to increased M&A activity—(NYSE: RIO) Rio Tinto's CA$654M takeover battle for Hathor Exploration, this year's ARMZ buyout of the rest of (TSX: UUU) Uranium One, and (TSX: DML)(AMEX: DNN) Denison Mines buying (TSXV: FIS) Fission Energy.
Japan, Uranium's Surprise—Again
Japan's March 11, 2011 record earthquake and tsunami caused the Fukushima power plant accident—the primary catalyst that turned a then hot uranium market instantly on its ear. Uranium investments have suffered since, as have the Japanese people with frequent power blackouts, higher energy prices, trade deficits replacing surpluses, and more pollution—from importing and burning more fossil fuels.
We've been bullish on uranium since before Fukushima, and continue to see the resulting sell-off as a deep dip within a long-term up-trend. The market seems more acceptable to this thesis now, although it continues to hesitate—regardless of how many catalysts there are—perhaps because nuclear power plants take years to approve and construct.
However, perhaps they are also forgetting that the 2011 uranium boom-bust—and I believe soon to boom again—cycle may have completed last December. Japan again has a pro-nuclear government, with 50 operable reactors, 3 under construction, 9 planned and 3 more proposed, as of April 2013. With only two of their large fleet of operable reactors back online, Japan has the potential to spike the uranium market instantly with a simple policy change statement.
Think about the market impact of Japan—where the current uranium bear-market started—totally changing tack to allow these 48 idle but operable nuclear reactors to restart faster. Stricter regulations with safety upgrades are to be expected, but the point is to picture how long it takes to build a nuclear reactor from scratch compared to turning a switch on again.
This type of speculation can't accurately—or likely at all—be factored into analysts' uranium price forecasts, as nobody knows when or how this may play out. It's a wildcard that on its own could turn the uranium market around in a heartbeat. Watch closely for any indications of Japan putting more of their reactors back online faster than expected—and how uranium spot prices react.
Fukushima—What Radiation?
Opponents of allowing Japan's reactors to be put back online faster—or at all—will continue to raise fears of radiation. They will point to the almost 20,000 lives lost, including 3,000 missing—though most of these deaths were from drowning. The fact is that not a single person died from radiation.
Here's the link and a few snippets from a Stars and Stripes article published last month on the two-year anniversary titled, "Fukushima radiation proves less deadly than feared": http://www.stripes.com/opinion/fukushima-radiation-proves-less-deadly-than-feared-1.211328
... "Even considering the upper boundary of estimated effects, there is unlikely to be any detectable increase in cancers in Japan, Asia or the world except close to the facility, according to a World Health Organization report. There will almost certainly be no increase in birth defects or genetic abnormalities from radiation.
... Rather than stand as a warning of the radiation danger posed by nuclear power, in other words, Fukushima has become a reminder that uninformed fears aren’t the same as actual risks.
... People naturally worried about eating fish from the ocean around Fukushima, and stringent mitigation actions were taken. Bluefin tuna caught off California six months later were found to have traces of cesium-137 from Fukushima, though less ounce for ounce than the amount of radioactive potassium-40 found in a banana.
... Japan has few domestic energy resources and depends on imports for about 85 percent of its energy. What price will the country pay if it abandons nuclear energy and uses only fossil fuels? Air pollution from coal-fired power plants causes about 500 times more deaths per unit of electricity produced than radiation from nuclear plants does. Electricity produced from oil isn’t much safer. Even natural gas causes about 60 times more deaths than nuclear does because of pollution. And consider that more than 100,000 coal miners died in the U.S. in the past century and more than 6,000 die every year in China.
If, in response to Fukushima, Japan switches to more fossil fuels, the resulting carbon dioxide emissions, greenhouse gases and global warming could affect all of us. Already, because of the nuclear shutdown since the accident, there is no longer any chance Japan will meet its commitments in the 2009 Copenhagen Accord to cut greenhouse-gas emissions from 1990 levels by 25 percent by 2020. The country’s 2012 estimate for greenhouse gases is about 1.3 billion tons, the most since 2007, making Japan the fifth top emitter worldwide." ...
Why Wait Until After Uranium Spikes?
By looking at most mining share prices and trading volumes these days, it seems there's no rush and that investors are content to wait and watch for higher commodities prices to lead—not just for uranium but also other precious, base and rare earth metals. But what if any of uranium's catalyst events intensify and shoot up U3O8 prices before 2014? Why miss uranium's next big move?
While I agree that timing any absolute bottom is usually a mugs game, for uranium it has to be close. Even if you discount all of the above as already in-the-market—with prices staying where they are for another year—this would then likely lead to even more consolidation, even fewer players, with even tighter supplies. More M&A activity alone tends to ignite investor interest.
The bottom line is, how long can spot prices remain this low—with such a tight uranium market? While these catalysts are starting to be recognized and worked into analysts' 2014 forward U3O8 projections, anyone looking at the huge spikes in past uranium price charts might also be asking if they should wait or act now?
As a side-note about Fission Energy, and as a wakeup to those convinced that junior mining is dead money—regardless of the news—the hottest play on the TSX Venture Exchange this year has been uranium exploration. Fission—and it's 50% JV-partner (TSXV: AMW) Alpha Minerals—has reported several holes with off-scale radioactivity at their PLS uranium discovery in the Athabasca Basin.
Alpha has been the most posted stock on our homepage's live Filtered Mid-Day Market Movers area, with both stocks posted regularly from mid-February to the end of March—and in our Weekend Recap newsletters. V.AMW has come from its $0.40 November low to a high of $5.10—more than a 12-bagger in less than 5-months. V.FIS—added to our Top 30 Small-Caps in November at $0.35—recently traded as high as $1.26, up 260%. Both stocks are respectively 28%-23% off their March 26th-25th highs, and their current 9-10,000 meter winter PLS drill program is winding down.
Strategic Value Positioning
While momentum players continue to chase the major markets' next higher-highs ledge—like lemmings, contrarian investors of beaten-up uranium and other mining companies need to focus on value. However in any downtrend—like mining since 2011—finding undervalued stocks is usually not enough as they often get even cheaper. As they say it's like catching a falling knife, so you need to be patient and prepared to pick even lower spots when to nibble again—over time.
Slowly building positions in a downtrend may provide levered returns later as the mining cycle finally turns higher again. The objective is to then have a meaningful position at as low an average cost as possible. To instead wait for the market to turn higher-first usually means paying more for fewer shares—as the first move is often fast and the biggest in percentage terms.
Stock picking is especially important during a downtrend. Investors need to be as concerned with Return-of-Capital as with Return-on-Capital. For balance and liquidity, never over commit to any single investment—no matter how cheap it seems—and always keep some powder dry.
Pure exploration plays can be exciting for a while, but when talking about value in a down-market you need to consider all the time and costs involved to turn a discovery into a National Instrument 43-101 Resource, and through the Preliminary Economic Assessment, Bankable Feasibility and Regulatory Permits stages. For me—to qualify as value—a company should have a qualified resource at the permitting stage, with management experienced in building mines and not desperate for cash.
Major producers qualify and seem attractive as they are close to their 5-year lows. However quality development stage uranium companies have been beaten-up significantly more and may offer even greater value. For safety's sake, focus on companies in an established mining district, with a fully permitted mine that is in construction and expected to be producing in the near-term.
Uranerz Energy
We have mentioned some of these companies before, including our featured uranium stock (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp. URZ' first ISR mine—Nichols Ranch—is located in the prolific Central Powder River Basin of Wyoming—WY and the PRB produces more uranium than any other U.S. state. Uranerz' last NI 43-101 resource report shows over 19Mlbs. U3O8—from only 7 out of 30 projects explored so far, on the company's 80k acres in the PRB.
Uranerz' management has a history of financing, finding, permitting, building, operating and even selling uranium mines. Nichols Ranch is now in the final stages of construction, with production expected to commence sometime this year. Last October the company received its Deep Disposal Well permit—the last authorization required to begin operations and commercial uranium production.
Since that release, the company's news flow has been somewhat quiet and URZ' shares have sagged with most uranium stocks—from around $1.70 then, to around $1.00 today. The only other announcements have been administrative, being their Q3-2012 financial results, and an accounting adjustment in how certain construction costs were treated as an expense rather than capitalized—restated in their 2012 year-end financial results that were released on March 28, 2013.
Uranerz' year-end financial summary shows $7M cash and $5.7M working capital. Last November the Wyoming Business Council (WBC) recommended approval of the company's application for a $20M low-interest loan under the state's Industrial Development Bond financing program. Final approval is subject to the completion of due diligence and satisfaction of various state approvals.
Based mainly on digging around the WBC's website: http://WyomingBusiness.org, my understanding is that this loan has been approved by the WBC, Johnson and Campbell Counties Wyoming—where URZ' mine operations are located, and by an independent consultant—Behre Dolbear & Company—which has completed its assessment to validate the economics of the Nichols Ranch mine.
Unless I'm missing something, the only other approvals are for Wyoming's governor, attorney general and state treasurer to sign-off. Perhaps an update or some other type of financing announcement might be in the works soon—as it has been five months since Uranerz' last new release about this loan.
Now that winter is over, we might also see URZ' news-flow heat up again with mine construction updates, and when the company expects to be drilling its deep disposal wells. I'd also like to know how they plan to follow-up on last year's discovery of a new uranium trend at their Monument Project, and any other drilling plans for this year.
Several reports suggest that URZ is an attractive takeover candidate for uranium mining companies already producing around Uranerz' properties—or by other majors looking to enter the PRB. We remain focused on the company's potential value as mine construction completes—as analysts start to re-rate URZ as a producer—and as additional feedstock resources are explored and developed.
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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