Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: YGE) Yingli Green Energy Holding Co. Ltd. $2.19 $2.25 $3.67 $3.69 $5.29 $6.67 Wk-H: $6.82
- world's largest vertically integrated photovoltaic manufacturer, Leads to Promote Clean Production of Chinese PV Industry
(NYSE: TSL) Trina Solar Ltd. $5.73 $7.38 $7.65 $12.63 Wk-H: $15.24
- a global leader in photovoltaic modules, solutions and services, Sept. 3 Annual General Meeting of Shareholders Held
(NYSE: ANW) Aegean Marine Petroleum Network Inc. $7.62 $9.69 $11.81 Wk-H: $12.00
- supplies fuel to ships in port and at sea, Signs USD $1B Secured Borrowing Base Multicurrency Revolving Credit Facilities
(NYSE: GTN) Gray Television Inc. $5.34 $6.13 $8.05 Wk-H: $8.17
- Atlanta based TV broadcaster with stations in 30 markets, 46 Big-4 network channels and 42 others, Launches On Syncbak Internet Platform
(NYSE: HCI) HCI Group Inc. $32.05 $40.11 Wk-H: $42.17
- Florida property/casualty insurance, plus info. tech., real estate and reinsurance, Named to Fortune's List of 100 Fastest-Growing Companies
(NYSE: ECOM) ChannelAdvisor Corp. $27.71 $35.74 Wk-H: $41.25
- cloud-based e-commerce solutions for retailers and manufactures to increase sales, Sponsors/Participates in CED Tech Venture Conf. 2013
(NYSE: MHR) Magnum Hunter Resources Corp. $2.82 $6.30 Wk-H: $6.39
- into 4 prolific shale plays: Marcellus, Utica, Pearsall, Williston Basin/Bakken, Aug. 26 Declared a Warrant Dividend on Common Stock
(NYSE: SSNI) Silver Spring Networks Inc. $17.80 Wk-H: $18.09
- networking platform and solutions provider for smart energy networks, Expands Smart Grid Project With EDP Distribuição in Portugal
NYSE MKT AMEX
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 $12.65 $14.07 $15.15 $19.26 Wk-H: $21.47
- founded in 1942, a generic pharmaceutical co. for a wide range of medical indications, Sept. 10 F-2013 Q4/FY Results
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 $2.36 $2.72 Wk-H: $2.97
- patented technology for neural stem cells of human brain/spinal cord, CEO To Present At Stem Cells & Regenerative Medicine Congress
(AMEX: NNVC) NanoViricides Inc. (pre 3.5:1 R-Split: $0.84 $1.01 $1.32 $1.45) $6.82 Wk-H: $7.59
- focused on nanomaterials for viral therapy, Begins Trading on NYSE MKT National Exchange; CEO Invited to Speak at Duke's Business School
(AMEX: FU) FAB Universal Corp. $3.31 $4.15 $5.05 $9.49 Wk-H: $11.48
- worldwide distribution of digital media, Signs Distribution Agreement with Future TV Co. Ltd.
(AMEX: REE)(TSX: RES) Rare Element Resources Ltd. $2.33 $2.39 $2.98 Wk-H: $3.50
- Closes $8M Offering; Enters into MOU with US Forest Service to Prepare an Environmental Impact Statement on the Bear Lodge Project NE-Wy
(AMEX: ROX) Castle Brands Inc. $0.585 $0.72 $0.78 Wk-H: $0.99
- developer and intl. marketer of premium+ branded spirits, Aug. 14 Q1-14 Net Sales +7.2% Driven by Strong Growth of Whiskies and Rums
(AMEX: AVL)(TSX: AVL) Avalon Rare Metals Inc. $1.00 Wk-H: $1.07
- focused on its 100% owned Nechalacho HREE Deposit in Thor Lake NWT, At-The-Market Issuance Program & Filing of Prospectus Supplement
NASDAQ
(NASDAQ: BEAT) BioTelemetry Inc. $4.75 $7.56 $10.47 Wk-H: $10.63
- was called CardioNet, is a leading wireless medical technology co. that diagnoses and monitors cardiac arrhythmias
(NASDAQ: ZIOP) ZIOPHARM Oncology Inc. $2.00 $3.69 Wk-H: $4.04
- focused on the development of new cancer therapies, CEO to Present at BioCentury's 2013 NewsMakers in Biotech Industry Conf. Sept. 27
(NASDAQ: CBAK) China BAK Battery Inc. $1.34 $2.42 Wk-H: $2.57
- manufactures lithium-based battery cells: cellular/smart phones, notebooks/electronics, e-bikes/vehicles, power tools, power supplies etc.
(NASDAQ: ZLCS) Zalicus Inc. $0.82 $0.93 Wk-H: $1.05
- biopharm that develops treatments for pain, Z160 Receives Orphan Drug Designation for the Management of Postherpetic Neuralgia
(NASDAQ: FREE) FreeSeas Inc. $1.34 $0.87 Wk-H: $0.93
- owns and operates a fleet of Handysize and Handymax dry-bulk cargo vessels, Assignment of the Debt Purchase and Settlement Agreement
(NASDAQ: UNXL) Uni-Pixel Inc. (Mar-Apr $23.23 $27.22 $37.27) $18.34 Wk-H: $19.59
- UniPixel and Kodak Report Significant Progress in Commercialization and Manufacturing of Next Generation Touch-Screen Sensors
(NASDAQ: TKMR)(TSX: TKM) Tekmira Pharmaceuticals Corp. $6.88 Wk-H: $7.72
- Presents New Anti-Viral Efficacy Data Against the Marburg Hemorrhagic Fever Virus; Launches Marqibo and Ships First Commercial Orders
(NASDAQ: PACB) Pacific Biosciences of California Inc. $5.94 Wk-H: $6.50
- provides the PacBio RSII DNA Sequencing System, Agreement with Roche Diagnostics to Develop and Supply DNA Sequencing-Based Products
(NASDAQ: CRME)(TSX: COM) Cardiome Pharma Corp. $3.49 Wk-H: $4.05
- Approval for BRINAVESS in Turkey; Partnership with LifePharma in Cyprus; Publication Of Positive Data From A Comparative Study
(NASDAQ: KIOR) KiOR Inc. $2.89 Wk-H: $3.10
- a global leader in cellulosic gasoline and diesel transportation fuels, Announces Project to Double Columbus Production Capacity
(NASDAQ: AEHR) Aehr Test Systems $2.38 Wk-H: $2.70
- worldwide supplier of semiconductor test and burn-in equipment, Chinese Semiconductor Foundry Order; Q1-14 Financial Results
(NASDAQ: ONTY) Oncothyreon Inc. $2.18 Wk-H: $2.43
- focused on synthetic cancer vaccines, Merck Serono to Continue the Development of Tecemotide in Stage III Non-Small Cell Lung Cancer
(NASDAQ: KGJI) Kingold Jewelry Inc. $1.73 Wk-H: $1.74
- one of China's leading makers of 24-karat gold jewelry, ornaments & investments, Aug 13 Q2: Net sales $367M +36.7%, Reiterates Guidance
OTCBB
(OTCBB: NNRX) Nutranomics Inc. $1.02 Wk-H: $1.45
- focused on R&D of nutritional food products with its own brand line and for other co.'s, Engages VP of Sales for Asian Expansion
TSX (quote T. and ticker symbol)
(TSX: LUC) Lucara Diamond Corp. $1.02 $1.05 Wk-H: $1.12
- 100% owned Karowe Mine in Botswana and 75% owned Mothae Project in Lesotho, Recovers Exceptional 257 Carat Diamond
(TSX: SUE) Sulliden Gold Corporation Ltd. $0.81 $0.99 Wk-H: $1.00
- owns 100% of the Shahuindo Au-Ag Project in N-Peru, $40M bought deal financing at $1.02/share; Ministry of Energy and Mines Approval
(TSX: STP) Southern Pacific Resource Corp. $0.55 $0.65 Wk-H: $0.66
- O&G producer in Alberta's Athabasca oil sands and in Senlac Saskatchewan, $18.8M Non-Core Asset Disposition
(TSX: EFL) Electrovaya Inc. $1.03 Wk-H: $1.21
- Receives Initial Purchase Order for Lithium Ion SuperPolymer 2.0 Batteries from OEM for the United Arab Emirates; UK Smart Grid Order
(TSX: ETX) Etrion Corporation $0.73 Wk-H: $0.73
- Secures Financing From Major Shareholder; Total and Etrion to Build World's Largest Solar Merchant Project in Chile
TSX Venture (quote V. and ticker symbol)
(TSXV: GPS) BSM Technologies Inc. $1.42 $1.86 $2.18 $2.80 Wk-H: $2.86
- awarded MTA of NY contract to provide fleet management service to the Long Island Rail Road, Metro-North Railroad and Bridges & Tunnels
(TSXV: AYA) Amaya Gaming Group Inc. $5.08 $6.48 $6.95 Wk-H: $7.10
- full suite of online, mobile and land-based gaming products/services, to provide real money online gaming to CaesarsCasino.com in N.J.
(TSXV: RPL) Renegade Petroleum Ltd. $1.75 $1.10 Wk-H: $1.13
- high dividend yielding O&G co. focused on sustainable light oil in SK-AB-MB-ND, Provides Drilling and Operational Update
(TSXV: TXR) Terrax Minerals Inc. $0.23 $0.49 Wk-H: $0.69
- 3,562-ha on the prolific Yellowknife belt, Assays 20.66 g/t Au over 5.00 m (Hole 85-187) Near Surface at Northbelt property, NWT Canada
(TSXV: CKR) Caribou King Resources Ltd. $0.065 $0.085 Wk-H: $0.09
- several new graphite projects, Addl. Claims at Mulloy and ups Acreage 50% Near Zenyatta's Albany; 7 Conductors Now Identified
(TSXV: AOT) Ascot Resources Ltd. $1.04 Wk-H: $1.04
- drilling continues at its Premier and Dilworth Au-Ag U.S. properties, Intersects 23.72 Meters of 5.09 Grams Per Tonne Gold at Martha Ellen
(TSXV: ASC) Athabasca Nuclear Corp. $0.26 Wk-H: $0.27
- Western Athabasca Syndicate Discovers Strong Radon Anomalies at Preston Lake Uranium Property in the Patterson Lake Region Sask.
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Saturday, September 28, 2013
Sunday, September 22, 2013
InvestorsGuru.com 41 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 $9.30 $11.78 $13.85 $15.74 $18.20 Wk-H: $19.87
- a global PV solar power manufacturer in China, $16.25 Pricing of Follow-on Public Offering of 3.8M American Depositary Shares
(NYSE: RAD) Rite Aid Corp. $2.12 $3.03 $3.50 $4.49 Wk-H: $4.79
- one of the largest U.S. drugstore chains with 4,600+ stores, Reports Net Income of $32.8M and Adj. EBITDA of $341.6M for Q2 Fiscal 2014
(NYSE: GCAP) Gain Capital Holdings Inc. $6.99 $8.95 $11.06 Wk-H: $11.42
- with FOREX.com provides global online trading services, August Metrics; New CFO; TradeKing Acquisition of GAIN Securities Set for Oct.
(NYSE: MUX)(TSX: MUX) McEwen Mining Inc. $1.88 $2.55 Wk-H: $2.92
- high growth producer: San José/Los Azules Argentina, El Gallo Mexico, Gold Bar Nevada, Added NYSE Arca Gold Miners Index; New President
(NYSE: TXTR) Textura Corp. $41.57 Wk-H: $44.17
- a leading provider of collaboration and productivity tools for the construction industry, Prices Follow-on Offer of Common Stock at $38/sh.
(NYSE: DQ) Daqo New Energy Corp. $16.50 Wk-H: $22.10
- China based manufacturer of high-quality polysilicon and wafers for photovoltaics, Signs Long-Term Contracts of Polysilicon Supply
(NYSE: AKS) AK Steel Holding Corp. $4.37 Wk-H: $4.65
- flat-rolled carbon, stainless & electrical steels for auto, infrastructure, manufacture, construction, electrical, Q3 Guidance; Earnings Oct. 22
NYSE MKT AMEX
(AMEX: MCZ)(TSX: MCZ) Mad Catz Interactive Inc. $0.455 $0.51 $0.59 $0.67 $0.80 Wk-H: $0.85
- makes video games and flight simulation software, Sep. 13 Annual and Special Meeting of Shareholders Voting Results
(AMEX: PCYG) Park City Group Inc. $3.92 $4.37 $5.99 $8.94 Wk-H: $10.75
- cloud-based software that uses big data mgmt. to help retailers/suppliers sell more, 3rd Member of Supermarket Group Adopts ReposiTrak
(AMEX: TPLM) Triangle Petroleum Corp. $6.60 $8.82 $9.80 Wk-H: $10.01
- focused on the Bakken Shale/Three Forks formations in Williston Basin N. Dakota/Montana, Expansion of Caliber Infrastructure System
(AMEX: FU) FAB Universal Corp. $3.31 $4.15 $5.05 Wk-H: $9.00
- Secures Music Dist. Rights from Top 3 Mobile Phone Service Providers in China; to Present at Fall Investor Conf.; New Kiosk Ad Agreement
(AMEX: AMPE) Ampio Pharmaceuticals Inc. $6.15 $7.70 Wk-H: $7.88
- developing compounds to decrease inflammation, Aug. 14 Positive Results for Ampion in Osteoarthritis of the Knee Clinical Trial
(AMEX: WTT) Wireless Telecom Group Inc. $1.65 $2.00 Wk-H: $2.18
- Aug. 14 Q2 Financial Results Include Net Sales +22.7%, Net Income +61.4% and Contract Award of $1.1M with the FAA
(AMEX: GIG) GigOptix Inc. $1.43 $1.33 Wk-H: $1.44
- a leading supplier of advanced semiconductor and optical communications components, Final Settlement of All Pending Suits with MACOM
(AMEX: FRS) Frischs Restaurants Inc. $24.75 Wk-H: $25.25
- full service family-style Big Boy's in Ohio, Kentucky and Indiana, Declares 12.5% Increase in Its 211th Consecutive Quarterly Dividend
(AMEX: RVP) Retractable Technologies Inc. $3.35 Wk-H: $4.10
- a leading maker of safety medical devices, Texas jury awards $113M+ after 6-year legal battle, subject to being trebled
(AMEX: NBY) NovaBay Pharmaceuticals Inc. $1.64 Wk-H: $1.96
- Positive Results from Phase 2 Clinical Study of Auriclosene to Reduce Urinary Catheter Blockage and Encrustation
NASDAQ
(NASDAQ: CLDX) Celldex Therapeutics Inc. $12.04 $18.16 $28.60 Wk-H: $29.31
- focused on devastating diseases with a pipeline of cancer drug candidates, Aug. 12 Expands Phase 2 ReACT Study; Q2 Results; Patent Issued
(NASDAQ: EGLE) Eagle Bulk Shipping Inc. $3.87 $5.48 $6.96 Wk-H: $7.29
- has 50-60K ton Supramax dry bulk vessels that ship iron ore, coal, grain, cement, fertilizer etc. worldwide, Aug. 7 Q2-2013 Results
(NASDAQ: KNDI) Kandi Technologies Group Inc. $5.87 $7.79 $6.67 Wk-H: $7.33
- maker of pure electric Go-Karts, tricycles and utility vehicles, Chinese Gov't Issued 2013-2015 Subsidy Policy for New Energy Vehicles
(NASDAQ: ERII) Energy Recovery Inc. $4.92 $7.61 Wk-H: $7.75
- leader in harnessing reusable energy, Longest Running Hybrid Seawater Desalination Plant in Middle East to Use company's Technology
(NASDAQ: ATOS) Atossa Genetics Inc. $7.40 $6.34 Wk-H: $7.75
- The Breast Health Co. has patented medical devices/lab-tests to detect breast cancer, Signs Dist. Agr. With McKesson Medical-Surgical
(NASDAQ: OMER) Omeros Corp. $8.11 Wk-H: $8.64
- clinical-stage biopharmaceutical co. targeting disorders of the central nervous system, Additional Positive Results from OMS824 Program
(NASDAQ: CYCC) Cyclacel Pharmaceuticals Inc. $4.79 Wk-H: $5.50
- developing oral therapies to treat serious diseases, Sapacitabine Reported to Have Anti-Tumor Activity Against Ovarian Cancer
(NASDAQ: GERN) Geron Corp. $2.61 Wk-H: $2.75
- developing telomerase inhibitor in hematologic myeloid malignancies, presented at the Stifel Nicolaus 2013 Healthcare Conference in Boston
OTCBB
(OTCBB: SNGX) Soligenix Inc. $1.94 Wk-H: $2.20
- focused on inflammatory diseases & biodefense (MCMs), Awarded BARDA Contract Valued up to $26.3M for Adv. Dev. OrbeShield in GI ARS
(OTCBB: DECN) Decision Diagnostics Corp. $0.44 Wk-H: $0.745
- new low-cost alternative for glucose meters, Completion and Airing of Its New Genstrip Video Titled "A Patchwork of Life"
(OTCBB: ELTP) Elite Pharmaceuticals Inc. $0.119 Wk-H: $0.168
- assists partners in developing and manufacturing off-patent drugs, First Shipment of Generic Naltrexone Hydrochloride
TSX (quote T. and ticker symbol)
(TSX: AC.B)(TSX: AC.A) Air Canada $1.43 $2.90 $2.65 $3.43 Wk-H: $3.51
- largest Canadian airline serving 175+ destinations on 5 continents, Early Tender & Prices $1.4B Refinancing, Added S&P/TSX Index Sept. 20
(TSX: SW)(NASDAQ: SWIR) Sierra Wireless Inc. $13.99 $14.47 Wk-H: $15.34
- global leader in M2M devices and cloud services, Launches M2M Solution Exchange - Connecting Customers with Best-of-Breed Solutions
(TSX: DCI) DirectCash Payments Inc. $16.03 Wk-H: $19.88
- a leading provider of ATMs, debit terminals and prepaid products in Canada and other countries, Responds to Trading Activity
(TSX: STE) Santonia Energy Inc. $2.08 Wk-H: $2.14
- focused on the Cardium Formation in WC-Alberta, Closes ($15M + royalty) Clive Asset Sale and Announces Executive Appointment
(TSX: RDI) Rockwell Diamonds Inc. $0.495 Wk-H: $0.56
- two developing and three producing alluvial diamond deposits/projects, recovers four rough diamonds exceeding 100 carats
(TSX: AXL) Anderson Energy Ltd. $0.17 Wk-H: $0.22
- Provides Strategic Alternatives Update, to sell its Garrington and Ferrier Cardium O&G properties (34% of Q2 production) for $82M
TSX Venture (quote V. and ticker symbol)
(TSXV: KLH) Stellar Biotechnologies Inc. $0.54 $0.64 $0.82 $1.07 $1.32 $2.04 Wk-H: $2.15
- world leader in sustainable (KLH) manufacture (an important immune-stimulating protein), Sep. 10 Raises US$10M in Initial Closing of P.P.
(TSXV: PHM) Patient Home Monitoring Corp. $0.175 $0.19 $0.31 Wk-H: $0.335
- consolidator of highly fragmented monitoring of chronically ill patients, Closing of Florida-based Hollywood Healthcare Acquisition
(TSXV: BOE) Americas Petrogas Inc. $1.25 $1.20 Wk-H: $1.27
- focused on Argentina's Neuquen Basin, Strat. Review; Aug 30 Q2: Op Netback +$13.7M +234%, Net Rev +75%, Net Inc +$5.1M, $36.7M cash
(TSXV: PRD) PRD Energy Inc. $0.68 $0.92 Wk-H: $1.01
- focused on the development of O&G resources in onshore Germany, Operational Update - for the drilling of the Boerger 7A well
(TSXV: CGT) Columbus Gold Corp. $0.385 $0.395 Wk-H: $0.45
- Options 50.01% of Montagne d'Or Gold Project to Nordgold; Deal Valued at $30 Million Minimum
(TSXV: SBM) Sirona Biochem Corp. $0.135 $0.17 Wk-H: $0.18
- develops diabetes therapeutics, skin depigment and anti-aging agents, Closes Oversubscribed $0.12/share Private Placement
(TSXV: USO) US Oil Sands Inc. $0.15 Wk-H: $0.20
- focused on oil sands exploration and production in the State of Utah, Announces $80M Strategic Financing, LOI at $0.15/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: JKS) JinkoSolar Holding Co. Ltd. $4.98 $6.35 $9.30 $11.78 $13.85 $15.74 $18.20 Wk-H: $19.87
- a global PV solar power manufacturer in China, $16.25 Pricing of Follow-on Public Offering of 3.8M American Depositary Shares
(NYSE: RAD) Rite Aid Corp. $2.12 $3.03 $3.50 $4.49 Wk-H: $4.79
- one of the largest U.S. drugstore chains with 4,600+ stores, Reports Net Income of $32.8M and Adj. EBITDA of $341.6M for Q2 Fiscal 2014
(NYSE: GCAP) Gain Capital Holdings Inc. $6.99 $8.95 $11.06 Wk-H: $11.42
- with FOREX.com provides global online trading services, August Metrics; New CFO; TradeKing Acquisition of GAIN Securities Set for Oct.
(NYSE: MUX)(TSX: MUX) McEwen Mining Inc. $1.88 $2.55 Wk-H: $2.92
- high growth producer: San José/Los Azules Argentina, El Gallo Mexico, Gold Bar Nevada, Added NYSE Arca Gold Miners Index; New President
(NYSE: TXTR) Textura Corp. $41.57 Wk-H: $44.17
- a leading provider of collaboration and productivity tools for the construction industry, Prices Follow-on Offer of Common Stock at $38/sh.
(NYSE: DQ) Daqo New Energy Corp. $16.50 Wk-H: $22.10
- China based manufacturer of high-quality polysilicon and wafers for photovoltaics, Signs Long-Term Contracts of Polysilicon Supply
(NYSE: AKS) AK Steel Holding Corp. $4.37 Wk-H: $4.65
- flat-rolled carbon, stainless & electrical steels for auto, infrastructure, manufacture, construction, electrical, Q3 Guidance; Earnings Oct. 22
NYSE MKT AMEX
(AMEX: MCZ)(TSX: MCZ) Mad Catz Interactive Inc. $0.455 $0.51 $0.59 $0.67 $0.80 Wk-H: $0.85
- makes video games and flight simulation software, Sep. 13 Annual and Special Meeting of Shareholders Voting Results
(AMEX: PCYG) Park City Group Inc. $3.92 $4.37 $5.99 $8.94 Wk-H: $10.75
- cloud-based software that uses big data mgmt. to help retailers/suppliers sell more, 3rd Member of Supermarket Group Adopts ReposiTrak
(AMEX: TPLM) Triangle Petroleum Corp. $6.60 $8.82 $9.80 Wk-H: $10.01
- focused on the Bakken Shale/Three Forks formations in Williston Basin N. Dakota/Montana, Expansion of Caliber Infrastructure System
(AMEX: FU) FAB Universal Corp. $3.31 $4.15 $5.05 Wk-H: $9.00
- Secures Music Dist. Rights from Top 3 Mobile Phone Service Providers in China; to Present at Fall Investor Conf.; New Kiosk Ad Agreement
(AMEX: AMPE) Ampio Pharmaceuticals Inc. $6.15 $7.70 Wk-H: $7.88
- developing compounds to decrease inflammation, Aug. 14 Positive Results for Ampion in Osteoarthritis of the Knee Clinical Trial
(AMEX: WTT) Wireless Telecom Group Inc. $1.65 $2.00 Wk-H: $2.18
- Aug. 14 Q2 Financial Results Include Net Sales +22.7%, Net Income +61.4% and Contract Award of $1.1M with the FAA
(AMEX: GIG) GigOptix Inc. $1.43 $1.33 Wk-H: $1.44
- a leading supplier of advanced semiconductor and optical communications components, Final Settlement of All Pending Suits with MACOM
(AMEX: FRS) Frischs Restaurants Inc. $24.75 Wk-H: $25.25
- full service family-style Big Boy's in Ohio, Kentucky and Indiana, Declares 12.5% Increase in Its 211th Consecutive Quarterly Dividend
(AMEX: RVP) Retractable Technologies Inc. $3.35 Wk-H: $4.10
- a leading maker of safety medical devices, Texas jury awards $113M+ after 6-year legal battle, subject to being trebled
(AMEX: NBY) NovaBay Pharmaceuticals Inc. $1.64 Wk-H: $1.96
- Positive Results from Phase 2 Clinical Study of Auriclosene to Reduce Urinary Catheter Blockage and Encrustation
NASDAQ
(NASDAQ: CLDX) Celldex Therapeutics Inc. $12.04 $18.16 $28.60 Wk-H: $29.31
- focused on devastating diseases with a pipeline of cancer drug candidates, Aug. 12 Expands Phase 2 ReACT Study; Q2 Results; Patent Issued
(NASDAQ: EGLE) Eagle Bulk Shipping Inc. $3.87 $5.48 $6.96 Wk-H: $7.29
- has 50-60K ton Supramax dry bulk vessels that ship iron ore, coal, grain, cement, fertilizer etc. worldwide, Aug. 7 Q2-2013 Results
(NASDAQ: KNDI) Kandi Technologies Group Inc. $5.87 $7.79 $6.67 Wk-H: $7.33
- maker of pure electric Go-Karts, tricycles and utility vehicles, Chinese Gov't Issued 2013-2015 Subsidy Policy for New Energy Vehicles
(NASDAQ: ERII) Energy Recovery Inc. $4.92 $7.61 Wk-H: $7.75
- leader in harnessing reusable energy, Longest Running Hybrid Seawater Desalination Plant in Middle East to Use company's Technology
(NASDAQ: ATOS) Atossa Genetics Inc. $7.40 $6.34 Wk-H: $7.75
- The Breast Health Co. has patented medical devices/lab-tests to detect breast cancer, Signs Dist. Agr. With McKesson Medical-Surgical
(NASDAQ: OMER) Omeros Corp. $8.11 Wk-H: $8.64
- clinical-stage biopharmaceutical co. targeting disorders of the central nervous system, Additional Positive Results from OMS824 Program
(NASDAQ: CYCC) Cyclacel Pharmaceuticals Inc. $4.79 Wk-H: $5.50
- developing oral therapies to treat serious diseases, Sapacitabine Reported to Have Anti-Tumor Activity Against Ovarian Cancer
(NASDAQ: GERN) Geron Corp. $2.61 Wk-H: $2.75
- developing telomerase inhibitor in hematologic myeloid malignancies, presented at the Stifel Nicolaus 2013 Healthcare Conference in Boston
OTCBB
(OTCBB: SNGX) Soligenix Inc. $1.94 Wk-H: $2.20
- focused on inflammatory diseases & biodefense (MCMs), Awarded BARDA Contract Valued up to $26.3M for Adv. Dev. OrbeShield in GI ARS
(OTCBB: DECN) Decision Diagnostics Corp. $0.44 Wk-H: $0.745
- new low-cost alternative for glucose meters, Completion and Airing of Its New Genstrip Video Titled "A Patchwork of Life"
(OTCBB: ELTP) Elite Pharmaceuticals Inc. $0.119 Wk-H: $0.168
- assists partners in developing and manufacturing off-patent drugs, First Shipment of Generic Naltrexone Hydrochloride
TSX (quote T. and ticker symbol)
(TSX: AC.B)(TSX: AC.A) Air Canada $1.43 $2.90 $2.65 $3.43 Wk-H: $3.51
- largest Canadian airline serving 175+ destinations on 5 continents, Early Tender & Prices $1.4B Refinancing, Added S&P/TSX Index Sept. 20
(TSX: SW)(NASDAQ: SWIR) Sierra Wireless Inc. $13.99 $14.47 Wk-H: $15.34
- global leader in M2M devices and cloud services, Launches M2M Solution Exchange - Connecting Customers with Best-of-Breed Solutions
(TSX: DCI) DirectCash Payments Inc. $16.03 Wk-H: $19.88
- a leading provider of ATMs, debit terminals and prepaid products in Canada and other countries, Responds to Trading Activity
(TSX: STE) Santonia Energy Inc. $2.08 Wk-H: $2.14
- focused on the Cardium Formation in WC-Alberta, Closes ($15M + royalty) Clive Asset Sale and Announces Executive Appointment
(TSX: RDI) Rockwell Diamonds Inc. $0.495 Wk-H: $0.56
- two developing and three producing alluvial diamond deposits/projects, recovers four rough diamonds exceeding 100 carats
(TSX: AXL) Anderson Energy Ltd. $0.17 Wk-H: $0.22
- Provides Strategic Alternatives Update, to sell its Garrington and Ferrier Cardium O&G properties (34% of Q2 production) for $82M
TSX Venture (quote V. and ticker symbol)
(TSXV: KLH) Stellar Biotechnologies Inc. $0.54 $0.64 $0.82 $1.07 $1.32 $2.04 Wk-H: $2.15
- world leader in sustainable (KLH) manufacture (an important immune-stimulating protein), Sep. 10 Raises US$10M in Initial Closing of P.P.
(TSXV: PHM) Patient Home Monitoring Corp. $0.175 $0.19 $0.31 Wk-H: $0.335
- consolidator of highly fragmented monitoring of chronically ill patients, Closing of Florida-based Hollywood Healthcare Acquisition
(TSXV: BOE) Americas Petrogas Inc. $1.25 $1.20 Wk-H: $1.27
- focused on Argentina's Neuquen Basin, Strat. Review; Aug 30 Q2: Op Netback +$13.7M +234%, Net Rev +75%, Net Inc +$5.1M, $36.7M cash
(TSXV: PRD) PRD Energy Inc. $0.68 $0.92 Wk-H: $1.01
- focused on the development of O&G resources in onshore Germany, Operational Update - for the drilling of the Boerger 7A well
(TSXV: CGT) Columbus Gold Corp. $0.385 $0.395 Wk-H: $0.45
- Options 50.01% of Montagne d'Or Gold Project to Nordgold; Deal Valued at $30 Million Minimum
(TSXV: SBM) Sirona Biochem Corp. $0.135 $0.17 Wk-H: $0.18
- develops diabetes therapeutics, skin depigment and anti-aging agents, Closes Oversubscribed $0.12/share Private Placement
(TSXV: USO) US Oil Sands Inc. $0.15 Wk-H: $0.20
- focused on oil sands exploration and production in the State of Utah, Announces $80M Strategic Financing, LOI at $0.15/share
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Saturday, September 14, 2013
InvestorsGuru.com 32 Filtered Mid-Day Market Movers Recap
Mid-Day Market Movers focus on above average volume, price action, breakout chart trends and news - posted throughout the day live at the top of InvestorsGuru.com and on our Hot Sheet. Below recaps last week's movers, posted prices, week high price Wk-H:, and recent news. Submit any ticker symbol to our Detailed Quote Portal (top-left of all pages) for quotes, java charts, research and news, or to comment/share.
NYSE
(NYSE: NQ) NQ Mobile Inc. $8.10 $10.00 $19.51 $21.73 Wk-H: $22.52
- global mobile Internet services, "Music Radar" App Revolutionizes Music Search in China
(NYSE: RALY) Rally Software Development Corp. $22.30 $30.66 Wk-H: $31.62
- cloud-based solutions to manage Agile software, to Present at Deutsche Bank Technology Conference; Q2-F14 Record Total Revenue +45%
(NYSE: ANFI) Amira Nature Foods Ltd. $8.79 $11.51 Wk-H: $11.88
- a leading global provider of packaged Indian specialty rice, Aug. 26 Q1 F-2014 Finl. Results: $110.3M Rev. +37.6%, $14.5M EBITDA +42.4%
(NYSE: HNR) Harvest Natural Resources Inc. $3.58 $5.16 Wk-H: $5.60
- O&G co. with Venezuela operations, Indonesia, West Africa and China exploration, Negotiations to Sell Company with Assets Spin-off
(NYSE: MPO) Midstates Petroleum Company Inc. $5.61 Wk-H: $5.98
- focused on underdeveloped hydrocarbon trends in Oklahoma, Texas and La., Operational Update: Total Production Now Approx. 30K BOEPD
NYSE MKT AMEX
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 $12.65 $14.07 $15.15 Wk-H: $18.20
- founded in 1942, a generic pharmaceutical co. for a wide range of medical indications, to Report F-2013 Q4/FY Results & Conf. Call Sept. 10
(AMEX: GST) Gastar Exploration Ltd. $1.59 $1.97 $2.55 $3.50 $3.94 Wk-H: $4.39
- focused on U.S. O&G shale plays, to Present at the Euro Pacific Capital Global Investment Conference in New York
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 $2.36 Wk-H: $2.81
- patented technology for neural stem cells of human brain/spinal cord, First Patient Treated In Phase II Of Neuralstem ALS Stem Cell Trial
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 $6.82 $7.16 Wk-H: $7.45
- O&G co. focused in Alta., B.C. & Sask., Commits $100M to $244M JV in Notikewin/Falher in Willesden Green Area & Cardium in Brazeau Area
(AMEX: UQM) UQM Technologies Inc. $1.31 $1.31 $1.67 Wk-H: $1.89
- makes efficient electric motors, generators and power controllers for vehicles, marine/military, to Present at Global Investment Conference
(AMEX: TPLM) Triangle Petroleum Corporation $6.60 $8.82 Wk-H: $9.10
- 86K net acres in the Bakken Shale/Three Forks formations in Williston Basin N. Dakota/Montana, Financial Results & Oper. Updates Q2 FY-14
(AMEX: CAK) CAMAC Energy Inc. $0.915 Wk-H: $0.99
- offshore O&G leases in deep water Nigeria, Kenya and The Gambia, Commencement of Drilling Operations at Oyo-7 Well
NASDAQ
(NASDAQ: GRPN) Groupon Inc. $5.00 $6.23 $7.73 $9.13 $10.60 $11.75 Wk-H: $12.17
- a global leader in local commerce at unbeatable prices, Acquires Last-Minute Travel App Blink, a leading European destination for hotel deals
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 $4.98 $6.78 $10.85 Wk-H: $13.21
- focused on liver disease and cancer, Receives US Patent for Potential Ground-Breaking Treatment for Fatty Liver Disease
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 $1.51 $2.96 $3.58 Wk-H: $3.66
- a global leader in FTTx network access solutions, Telecom Namibia Leverages Zhone Technologies for Advanced Broadband Services
(NASDAQ: DRYS) DryShips Inc. $2.29 $3.03 Wk-H: $3.22
- operates drybulk carriers/tankers worldwide plus offshore deepwater drilling services, Ocean Rig Financing, Fleet & Contract Developments
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 Wk-H: $1.74
- developer of oxygen-carrying therapeutics, Issued U.S. Patent for Dermatologic Indications, Marks Company's 9th Patent Issued
(NASDAQ: VTUS) Ventrus Biosciences Inc. $2.97 Wk-H: $3.75
- focused on gastrointestinal products, Positive Results From Clinical Dermal Safety and Pharmacokinetic Studies of Diltiazem (VEN 307)
(NASDAQ: OCLR) Oclaro Inc. $1.46 Wk-H: $1.71
- optical communications solutions, Q4/FY13 Results Mon.; Sells Zurich Gallium Arsenide Laser Diode Business to (NASDAQ: IIVI) for $115M
OTCBB
(OTCBB: LBMH) Liberator Medical Holdings Inc. $1.59 $1.95 Wk-H: $2.10
- direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors, 3rd Consecutive $0.03/share Cash Dividend Sept. 26
(OTCBB: WTER) The Alkaline Water Company Inc. $0.77 $0.91 Wk-H: $1.31
- proprietary electrolysis beverage process, LOI to Purchase North Carolina Bottling Plant to Meet Production for a Growing Marketplace
TSX (quote T. and ticker symbol)
(TSX: TRZ.B)(TSX: TRZ.A) Transat A.T. Inc. $8.24 $9.90 Wk-H: $11.15
- one of the world's largest tour co's, Canada's holiday travel leader, Q3-13 Stronger margin & net income, on its way to return to profitability
(TSX: AIF) Altus Group Limited $11.91 Wk-H: $12.36
- world's leader in real estate software solutions, ARGUS Software Launches the Next Generation of ARGUS Enterprise & ARGUS Valuation DCF
(TSX: IAE) Ithaca Energy Inc. $2.35 Wk-H: $2.43
- North Sea O&G operator focused on lower risk growth via UK undeveloped discoveries, Stella Development Well - Successful Test Results
(TSX: STP) Southern Pacific Resource Corp. $0.55 Wk-H: $0.60
- in-situ thermal heavy oil and bitumen production in Alberta's Athabasca oil sands and Senlac Sask., July Operational Update
(TSX: OMI) Orosur Mining Inc. $0.28 Wk-H: $0.28
- gold producer/exploration co. focused on South America with the only producing gold mine in Uruguay, Q1 Production (up) & Costs (down)
TSX Venture (quote V. and ticker symbol)
(TSXV: CCB) Canada Carbon Inc. $0.145 $0.16 $0.215 $0.27 Wk-H: $0.30
- VTEM Survey Identifies 300 Metre Long Electromagnetic Anomaly on Miller Hydrothermal Lump/Vein Graphite Property
(TSXV: RFC) RIFCO Inc. $5.01 $5.99 Wk-H: $6.22
- provides automobile loans through its dealership network across Canada, Announces Election of Directors; Record Q1 Results
(TSXV: FLY) FLYHT Aerospace Solutions Ltd. $0.255 $0.38 Wk-H: $0.39
- a leading provider of real-time data communications technology for the aviation industry, Stock Options; AFIRS 228 certification
(TSXV: XOP) Canadian Overseas Petroleum Limited $0.23 $0.295 Wk-H: $0.33
- O&G co. focused on offshore Liberia, to present at the FirstEnergy/Societe Generale Global Energy Conference in London
(TSXV: CKR) Caribou King Resources Ltd. $0.065 Wk-H: $0.09
- 7 newly-acquired graphite projects, Multiple EM Conductors Identified at Mulloy Graphite Near (V.ZEN) Zenyatta Ventures' Albany Project
(TSXV: BG) Barisan Gold Corporation $0.08 Wk-H: $0.08
- two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, Begins Drilling at Upper Tengkereng
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NYSE
(NYSE: NQ) NQ Mobile Inc. $8.10 $10.00 $19.51 $21.73 Wk-H: $22.52
- global mobile Internet services, "Music Radar" App Revolutionizes Music Search in China
(NYSE: RALY) Rally Software Development Corp. $22.30 $30.66 Wk-H: $31.62
- cloud-based solutions to manage Agile software, to Present at Deutsche Bank Technology Conference; Q2-F14 Record Total Revenue +45%
(NYSE: ANFI) Amira Nature Foods Ltd. $8.79 $11.51 Wk-H: $11.88
- a leading global provider of packaged Indian specialty rice, Aug. 26 Q1 F-2014 Finl. Results: $110.3M Rev. +37.6%, $14.5M EBITDA +42.4%
(NYSE: HNR) Harvest Natural Resources Inc. $3.58 $5.16 Wk-H: $5.60
- O&G co. with Venezuela operations, Indonesia, West Africa and China exploration, Negotiations to Sell Company with Assets Spin-off
(NYSE: MPO) Midstates Petroleum Company Inc. $5.61 Wk-H: $5.98
- focused on underdeveloped hydrocarbon trends in Oklahoma, Texas and La., Operational Update: Total Production Now Approx. 30K BOEPD
NYSE MKT AMEX
(AMEX: LCI) Lannett Company Inc. $8.20 $11.00 $12.65 $14.07 $15.15 Wk-H: $18.20
- founded in 1942, a generic pharmaceutical co. for a wide range of medical indications, to Report F-2013 Q4/FY Results & Conf. Call Sept. 10
(AMEX: GST) Gastar Exploration Ltd. $1.59 $1.97 $2.55 $3.50 $3.94 Wk-H: $4.39
- focused on U.S. O&G shale plays, to Present at the Euro Pacific Capital Global Investment Conference in New York
(AMEX: CUR) Neuralstem Inc. $1.13 $1.32 $1.45 $1.82 $2.36 Wk-H: $2.81
- patented technology for neural stem cells of human brain/spinal cord, First Patient Treated In Phase II Of Neuralstem ALS Stem Cell Trial
(AMEX: BXE)(TSX: BXE) Bellatrix Exploration Ltd. $5.74 $6.82 $7.16 Wk-H: $7.45
- O&G co. focused in Alta., B.C. & Sask., Commits $100M to $244M JV in Notikewin/Falher in Willesden Green Area & Cardium in Brazeau Area
(AMEX: UQM) UQM Technologies Inc. $1.31 $1.31 $1.67 Wk-H: $1.89
- makes efficient electric motors, generators and power controllers for vehicles, marine/military, to Present at Global Investment Conference
(AMEX: TPLM) Triangle Petroleum Corporation $6.60 $8.82 Wk-H: $9.10
- 86K net acres in the Bakken Shale/Three Forks formations in Williston Basin N. Dakota/Montana, Financial Results & Oper. Updates Q2 FY-14
(AMEX: CAK) CAMAC Energy Inc. $0.915 Wk-H: $0.99
- offshore O&G leases in deep water Nigeria, Kenya and The Gambia, Commencement of Drilling Operations at Oyo-7 Well
NASDAQ
(NASDAQ: GRPN) Groupon Inc. $5.00 $6.23 $7.73 $9.13 $10.60 $11.75 Wk-H: $12.17
- a global leader in local commerce at unbeatable prices, Acquires Last-Minute Travel App Blink, a leading European destination for hotel deals
(NASDAQ: GALT) Galectin Therapeutics Inc. $3.97 $4.98 $6.78 $10.85 Wk-H: $13.21
- focused on liver disease and cancer, Receives US Patent for Potential Ground-Breaking Treatment for Fatty Liver Disease
(NASDAQ: ZHNE) Zhone Technologies Inc. $1.01 $1.51 $2.96 $3.58 Wk-H: $3.66
- a global leader in FTTx network access solutions, Telecom Namibia Leverages Zhone Technologies for Advanced Broadband Services
(NASDAQ: DRYS) DryShips Inc. $2.29 $3.03 Wk-H: $3.22
- operates drybulk carriers/tankers worldwide plus offshore deepwater drilling services, Ocean Rig Financing, Fleet & Contract Developments
(NASDAQ: OXBT) Oxygen Biotherapeutics Inc. $1.78 $1.45 Wk-H: $1.74
- developer of oxygen-carrying therapeutics, Issued U.S. Patent for Dermatologic Indications, Marks Company's 9th Patent Issued
(NASDAQ: VTUS) Ventrus Biosciences Inc. $2.97 Wk-H: $3.75
- focused on gastrointestinal products, Positive Results From Clinical Dermal Safety and Pharmacokinetic Studies of Diltiazem (VEN 307)
(NASDAQ: OCLR) Oclaro Inc. $1.46 Wk-H: $1.71
- optical communications solutions, Q4/FY13 Results Mon.; Sells Zurich Gallium Arsenide Laser Diode Business to (NASDAQ: IIVI) for $115M
OTCBB
(OTCBB: LBMH) Liberator Medical Holdings Inc. $1.59 $1.95 Wk-H: $2.10
- direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors, 3rd Consecutive $0.03/share Cash Dividend Sept. 26
(OTCBB: WTER) The Alkaline Water Company Inc. $0.77 $0.91 Wk-H: $1.31
- proprietary electrolysis beverage process, LOI to Purchase North Carolina Bottling Plant to Meet Production for a Growing Marketplace
TSX (quote T. and ticker symbol)
(TSX: TRZ.B)(TSX: TRZ.A) Transat A.T. Inc. $8.24 $9.90 Wk-H: $11.15
- one of the world's largest tour co's, Canada's holiday travel leader, Q3-13 Stronger margin & net income, on its way to return to profitability
(TSX: AIF) Altus Group Limited $11.91 Wk-H: $12.36
- world's leader in real estate software solutions, ARGUS Software Launches the Next Generation of ARGUS Enterprise & ARGUS Valuation DCF
(TSX: IAE) Ithaca Energy Inc. $2.35 Wk-H: $2.43
- North Sea O&G operator focused on lower risk growth via UK undeveloped discoveries, Stella Development Well - Successful Test Results
(TSX: STP) Southern Pacific Resource Corp. $0.55 Wk-H: $0.60
- in-situ thermal heavy oil and bitumen production in Alberta's Athabasca oil sands and Senlac Sask., July Operational Update
(TSX: OMI) Orosur Mining Inc. $0.28 Wk-H: $0.28
- gold producer/exploration co. focused on South America with the only producing gold mine in Uruguay, Q1 Production (up) & Costs (down)
TSX Venture (quote V. and ticker symbol)
(TSXV: CCB) Canada Carbon Inc. $0.145 $0.16 $0.215 $0.27 Wk-H: $0.30
- VTEM Survey Identifies 300 Metre Long Electromagnetic Anomaly on Miller Hydrothermal Lump/Vein Graphite Property
(TSXV: RFC) RIFCO Inc. $5.01 $5.99 Wk-H: $6.22
- provides automobile loans through its dealership network across Canada, Announces Election of Directors; Record Q1 Results
(TSXV: FLY) FLYHT Aerospace Solutions Ltd. $0.255 $0.38 Wk-H: $0.39
- a leading provider of real-time data communications technology for the aviation industry, Stock Options; AFIRS 228 certification
(TSXV: XOP) Canadian Overseas Petroleum Limited $0.23 $0.295 Wk-H: $0.33
- O&G co. focused on offshore Liberia, to present at the FirstEnergy/Societe Generale Global Energy Conference in London
(TSXV: CKR) Caribou King Resources Ltd. $0.065 Wk-H: $0.09
- 7 newly-acquired graphite projects, Multiple EM Conductors Identified at Mulloy Graphite Near (V.ZEN) Zenyatta Ventures' Albany Project
(TSXV: BG) Barisan Gold Corporation $0.08 Wk-H: $0.08
- two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, Begins Drilling at Upper Tengkereng
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Friday, September 13, 2013
HEU Has Ended—What Now? Uranium Shorts Potential Squeeze - InvestorsGuru.com
Where's The U.S.' U3O8—Now That Russia's Down-Blend Is Complete?
A recent World Nuclear News article—Russia completes Megatons to Megawatts work—appears to answer any doubts whether the long-standing uranium down-blend program between the U.S. and Russia is really ending this year. When I say really ending this is just my suspicious side wondering if I'm missing something with the U3O8 spot price now at 8-year lows as it hovers around $34/lb.
The market has known for a while that the end of this utility supply program may significantly boost both near and long-term uranium prices—removing ~24M lbs. per year from an already tight market that annually consumes more than it mines. To make supply matters worse, mines have been deferred due to low prices while demand is expected to rise as Japan's reactors start coming back online later this year, and with the number of reactors worldwide set to more than double by 2030.
The August 29 article says that the final shipment of low-enriched uranium (LEU) from TVEL's JSC Electrochemical Plant (ECP) marks the completion of Russia's 20-year commitment to down-blend weapons-grade uranium. An August 21 picture shows the final canisters of LEU leaving the ECP plant by rail on route to St. Petersburg, to then be shipped to the USA.
Formally known as the HEU Agreement—contracted in 1994 between the US Enrichment Corp. (later privatized as USEC Inc. which I'll mention later) and Techsnabexport (Tenex)—since 2000 the program has been under the U.S. National Nuclear Security Administration (NNSA). To date 500 tonnes of Russian weapons-grade HEU—equivalent to 20,000 warheads—have been down-blended into 15,259 tonnes of LEU, and has provided about 10% of U.S. electricity over the past two decades.
This short article should beg investors to start asking how U.S. nuclear utilities intend to make this up? If you are thinking 10% doesn't seem like that big of a shortfall, then start thinking 50% as the total percentage of U.S. electricity supplied by nuclear power is about 20%. In other words the HEU program fuelled 10% of all U.S. electricity, which is half of the amount supplied by nuclear power.
The United States has the worlds largest fleet of nuclear power reactors with 100 operable, 3 under construction, 9 planned and 15 proposed, as of July 2013. Nuclear power plants provide reliable low-cost electricity with no greenhouse gas emissions, but they are multi-decade capital projects costing billions per reactor that are dependent on long-term uranium supplies—there is no fuel substitute!
With the HEU program almost done, nuclear utilities will have to buy more U3O8 on the open market or enter into more off-take supply agreements with uranium miners—both could spell substantially higher uranium prices. When you have an already tight market, with supply shrinking even as demand is growing, at some point the market's pricing mechanism has to kick in to find its equilibrium.
If uranium prices don't rise soon, not only will it be next to impossible to fund new discoveries or to develop deposits, more producing mines will close. Uranium is radioactive and highly regulated, meaning that this mining supply tap takes substantially longer to turn back on than for other mines.
This begs the question how many uranium miners have already committed their future production to a nuclear utility—to secure financing, or to avoid falling prices? This might explain why there is such a large $20 gap between the U3O8 spot price and long-term prices which are still around $55/lb.
Another question is how do the Russian's intend to replace the $13 billion in HEU revenues that Tenex has brought into Russia's federal budget? And what will become of Tenex's four ECP plants?
Nuclear power and uranium are important markets for Russia and for some of its nearby former soviet nations. The most recent uranium production table at world-nuclear.org shows that the top 7 out of 37 nations produced about 90% of the world's uranium last year. Kazakhstan was by far the largest producer with more than the next three—Canada, Australia and Niger—combined. Russia was only 7th, but with Kazakhstan and Uzbekistan these three alone represent 46%+ of world production.
I mention this just as an interesting observation; I have no idea if these countries even get along, let alone have any cartel-like ambitions. In any event Russia has been investing more, not less, in uranium production—soon to complete its takeout of the rest of (TSX: UUU) Uranium One Inc..
Russia needs all the uranium it can get as it expands its own fleet of nuclear power reactors with 33 operable, 10 under construction, 24 planned and 20 proposed. In addition Rosatom—Russia's state owned nuclear company—is promoting a special package deal to finance, build, supply and operate even more nuclear power plants worldwide.
Russia's nuclear power technology full-meal-deal with batteries-included is attractive to emerging nations like Turkey, Egypt, South Korea and others who have already signed long-term agreements. At $5B to $8B a pop per reactor, Russia might care less about the current low U3O8 price and any Rubles it might lose to the cost of mining—further straining future global uranium supplies.
Then there's China, which has been stockpiling uranium and securing its own supply—state-owned China Guangdong Nuclear Power Group bought Extract Resources last year for its rights to the Husab uranium deposits in Namibia, reputedly the fourth-largest in the world. China is the world's driver of future reactor builds with 17 operable, 28 under construction, 53 planned and 118 proposed.
The U.S. still has the world's largest fleet of nuclear power reactors that will require 18,983 tonnes of uranium this year—again to produce around 20% of its total electricity output. Uranium mining in the U.S. last year totalled 1,596 tonnes—only about 8% of its needs. Over half, around 11k tonnes, of the U.S.' uranium came from the HEU program—with its final delivery any day now!
With uranium prices still this low, there obviously was a bigger short-term supply overhang than at least I expected after Japan and Germany shut down its reactors after Fukushima. However with more reactors in the works today than ever before, and with countries like Russia and China tying up and needing large percentages of the world's uranium for themselves, how and where will the 100 U.S. nuclear power reactors source their own future uranium supplies starting next year—without driving prices considerably higher?
Uranium Miners' Potential Melt-Up
We all know that most metals and mining stocks—including uranium—sold off with gold earlier this year. Gold dropped sharply by around 15% to $1321.50/oz. in mid April, then bounced to the high $1,400s, flat-lined for a month just under $1,400, dropped sharply again in June by around 15% to $1,200, and has built back up to the low $1,300s since then. Uranium's slide was less dramatic than gold's in April, with its largest decline of 13% happening in July from around $40/lb. to $35/lb.
My point is that earlier this year most uranium mining stocks drifted in sync with falling U3O8, gold and other metals prices. However unlike gold and gold stocks which sank even further, uranium stocks stopped losing ground around mid to late April—even as the U3O8 spot price saw its biggest drop late in July. Why didn't uranium mining shares sell-off again?
When a mining group bases despite its underlying commodity price falling, this is often a key signal that market sentiment has finally swung the other way in anticipation of an upswing. This is not surprising in light of uranium's various positive catalyst events that have been playing out on cue.
Another key point is that after Fukushima, market sentiment for anything nuclear was so dismal that the whole uranium mining group got slaughtered to the point of becoming one of the most heavily shorted sectors—nuclear power growth and safety facts didn't matter. Shares of major producers are still down over 50%, with most smaller uranium miners down by up to 90%—or gone altogether.
The surprising part here is that despite the industry's fundamentals never looking better, most of these shorts seem to still be in place. When comparing these huge short positions to the total number of shares outstanding and the average daily trading volume, it appears that short covering rallies could become another potentially explosive upside catalyst—they have to cover sometime!
One specific example may have been (NYSE: USU) USEC Inc., which operates the only U.S.-owned uranium enrichment facility in the United States. We mentioned USU in our May 12 Filtered Mid-Day Market Movers Recap weekend newsletter after picking up on its trading action earlier that week at our website's daily Hot Sheet at $0.43.
The only news I could find to explain the action was their Q1-2013 Results—showing more losses—and that their American Centrifuge achieved two RD&D Program Milestones. USEC's stock was not even in compliance with the exchange's $1 minimum bid requirement at that time.
The NYSE asked the company multiple times about USU's trading, but USEC's policy is not to comment on unusual market activity. This was after USU's early July 1-for-25 reverse stock split—converting our earlier $0.43 post to $10.75. As a follow-up we posted USU again the last week of July and in our August 4 newsletter at $26.64, before it topped out at $29.12.
USU is now around $11/share and shows a split-adjusted 52-week low of $0.27 on July 1, and a high of $29.12 exactly four weeks later on July 29. NASDAQ shows 13,694,085 shares as the USU Short Interest on the June 28 Settlement Date, and 25.7 Days To Cover. The most recent August 30 report shows 963,856 shares short, taking 3.3 days to cover. If not a short-squeeze, then what am I missing?
The table below shows small-cap uranium miners with sizeable short interests and at least one mine in production or in development. Short data is from NASDAQ.com, stock prices are from our website.
With uranium stocks technically basing and starting to respond positively to news again, it will be interesting to see where these short positions eventually cover—will we see more USU style rockets?
Uranerz Energy Closes US$10 Million Bought Deal Financing
URZ traded up from $1.17 to as high as $1.64/share in July as construction advanced at Uranerz Energy's first ISR mine—located in the prolific Powder River Basin (PRB) of Wyoming; and on news that drilling of the company's first of two Deep Disposal Wells (DDW) had been completed.
Then after flatlining at the $1.30 level for a few weeks, the market didn't seem to like Uranerz' August 27 news release of a $10M financing at $1.17—taking URZ down to just over $1/share. Half-warrants attached allow the purchase of additional URZ stock at $1.60/share—potentially providing the company up to another $6.84M if exercised within 30-months after last Friday's closing.
While it's natural to hope for equity raises only at high prices, companies have to strike the best deal available to keep advancing their projects. Equity financing—if even available—is usually preferred because unlike debt it's not repayable, nor secured by assets. The alternative—especially in a weak market—is often exorbitant high-cost debt, which is just another form of shareholder dilution.
Uranerz' low-cost $20M state loan is still pending—queued with similar loans applied for before theirs. On June 7 URZ announced a $6M short-term note financing as a bridge to commence drilling of the DDWs at Nichols Ranch. Uranerz obviously thought their state loan would be processed by August 15—with the short-term note repaid—as the interest rate bumps up from 6% to 10% then.
Uranerz' news releases anticipate uranium production to commence around the end of this year. Now that this equity financing has closed, I wouldn't be surprised to see URZ start to trend higher again on construction updates, and as their last DDW gets completed—as their mine approaches the finish line.
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A recent World Nuclear News article—Russia completes Megatons to Megawatts work—appears to answer any doubts whether the long-standing uranium down-blend program between the U.S. and Russia is really ending this year. When I say really ending this is just my suspicious side wondering if I'm missing something with the U3O8 spot price now at 8-year lows as it hovers around $34/lb.
The market has known for a while that the end of this utility supply program may significantly boost both near and long-term uranium prices—removing ~24M lbs. per year from an already tight market that annually consumes more than it mines. To make supply matters worse, mines have been deferred due to low prices while demand is expected to rise as Japan's reactors start coming back online later this year, and with the number of reactors worldwide set to more than double by 2030.
The August 29 article says that the final shipment of low-enriched uranium (LEU) from TVEL's JSC Electrochemical Plant (ECP) marks the completion of Russia's 20-year commitment to down-blend weapons-grade uranium. An August 21 picture shows the final canisters of LEU leaving the ECP plant by rail on route to St. Petersburg, to then be shipped to the USA.
Formally known as the HEU Agreement—contracted in 1994 between the US Enrichment Corp. (later privatized as USEC Inc. which I'll mention later) and Techsnabexport (Tenex)—since 2000 the program has been under the U.S. National Nuclear Security Administration (NNSA). To date 500 tonnes of Russian weapons-grade HEU—equivalent to 20,000 warheads—have been down-blended into 15,259 tonnes of LEU, and has provided about 10% of U.S. electricity over the past two decades.
This short article should beg investors to start asking how U.S. nuclear utilities intend to make this up? If you are thinking 10% doesn't seem like that big of a shortfall, then start thinking 50% as the total percentage of U.S. electricity supplied by nuclear power is about 20%. In other words the HEU program fuelled 10% of all U.S. electricity, which is half of the amount supplied by nuclear power.
The United States has the worlds largest fleet of nuclear power reactors with 100 operable, 3 under construction, 9 planned and 15 proposed, as of July 2013. Nuclear power plants provide reliable low-cost electricity with no greenhouse gas emissions, but they are multi-decade capital projects costing billions per reactor that are dependent on long-term uranium supplies—there is no fuel substitute!
With the HEU program almost done, nuclear utilities will have to buy more U3O8 on the open market or enter into more off-take supply agreements with uranium miners—both could spell substantially higher uranium prices. When you have an already tight market, with supply shrinking even as demand is growing, at some point the market's pricing mechanism has to kick in to find its equilibrium.
If uranium prices don't rise soon, not only will it be next to impossible to fund new discoveries or to develop deposits, more producing mines will close. Uranium is radioactive and highly regulated, meaning that this mining supply tap takes substantially longer to turn back on than for other mines.
This begs the question how many uranium miners have already committed their future production to a nuclear utility—to secure financing, or to avoid falling prices? This might explain why there is such a large $20 gap between the U3O8 spot price and long-term prices which are still around $55/lb.
Another question is how do the Russian's intend to replace the $13 billion in HEU revenues that Tenex has brought into Russia's federal budget? And what will become of Tenex's four ECP plants?
Nuclear power and uranium are important markets for Russia and for some of its nearby former soviet nations. The most recent uranium production table at world-nuclear.org shows that the top 7 out of 37 nations produced about 90% of the world's uranium last year. Kazakhstan was by far the largest producer with more than the next three—Canada, Australia and Niger—combined. Russia was only 7th, but with Kazakhstan and Uzbekistan these three alone represent 46%+ of world production.
I mention this just as an interesting observation; I have no idea if these countries even get along, let alone have any cartel-like ambitions. In any event Russia has been investing more, not less, in uranium production—soon to complete its takeout of the rest of (TSX: UUU) Uranium One Inc..
Russia needs all the uranium it can get as it expands its own fleet of nuclear power reactors with 33 operable, 10 under construction, 24 planned and 20 proposed. In addition Rosatom—Russia's state owned nuclear company—is promoting a special package deal to finance, build, supply and operate even more nuclear power plants worldwide.
Russia's nuclear power technology full-meal-deal with batteries-included is attractive to emerging nations like Turkey, Egypt, South Korea and others who have already signed long-term agreements. At $5B to $8B a pop per reactor, Russia might care less about the current low U3O8 price and any Rubles it might lose to the cost of mining—further straining future global uranium supplies.
Then there's China, which has been stockpiling uranium and securing its own supply—state-owned China Guangdong Nuclear Power Group bought Extract Resources last year for its rights to the Husab uranium deposits in Namibia, reputedly the fourth-largest in the world. China is the world's driver of future reactor builds with 17 operable, 28 under construction, 53 planned and 118 proposed.
The U.S. still has the world's largest fleet of nuclear power reactors that will require 18,983 tonnes of uranium this year—again to produce around 20% of its total electricity output. Uranium mining in the U.S. last year totalled 1,596 tonnes—only about 8% of its needs. Over half, around 11k tonnes, of the U.S.' uranium came from the HEU program—with its final delivery any day now!
With uranium prices still this low, there obviously was a bigger short-term supply overhang than at least I expected after Japan and Germany shut down its reactors after Fukushima. However with more reactors in the works today than ever before, and with countries like Russia and China tying up and needing large percentages of the world's uranium for themselves, how and where will the 100 U.S. nuclear power reactors source their own future uranium supplies starting next year—without driving prices considerably higher?
Uranium Miners' Potential Melt-Up
We all know that most metals and mining stocks—including uranium—sold off with gold earlier this year. Gold dropped sharply by around 15% to $1321.50/oz. in mid April, then bounced to the high $1,400s, flat-lined for a month just under $1,400, dropped sharply again in June by around 15% to $1,200, and has built back up to the low $1,300s since then. Uranium's slide was less dramatic than gold's in April, with its largest decline of 13% happening in July from around $40/lb. to $35/lb.
My point is that earlier this year most uranium mining stocks drifted in sync with falling U3O8, gold and other metals prices. However unlike gold and gold stocks which sank even further, uranium stocks stopped losing ground around mid to late April—even as the U3O8 spot price saw its biggest drop late in July. Why didn't uranium mining shares sell-off again?
When a mining group bases despite its underlying commodity price falling, this is often a key signal that market sentiment has finally swung the other way in anticipation of an upswing. This is not surprising in light of uranium's various positive catalyst events that have been playing out on cue.
Another key point is that after Fukushima, market sentiment for anything nuclear was so dismal that the whole uranium mining group got slaughtered to the point of becoming one of the most heavily shorted sectors—nuclear power growth and safety facts didn't matter. Shares of major producers are still down over 50%, with most smaller uranium miners down by up to 90%—or gone altogether.
The surprising part here is that despite the industry's fundamentals never looking better, most of these shorts seem to still be in place. When comparing these huge short positions to the total number of shares outstanding and the average daily trading volume, it appears that short covering rallies could become another potentially explosive upside catalyst—they have to cover sometime!
One specific example may have been (NYSE: USU) USEC Inc., which operates the only U.S.-owned uranium enrichment facility in the United States. We mentioned USU in our May 12 Filtered Mid-Day Market Movers Recap weekend newsletter after picking up on its trading action earlier that week at our website's daily Hot Sheet at $0.43.
The only news I could find to explain the action was their Q1-2013 Results—showing more losses—and that their American Centrifuge achieved two RD&D Program Milestones. USEC's stock was not even in compliance with the exchange's $1 minimum bid requirement at that time.
The NYSE asked the company multiple times about USU's trading, but USEC's policy is not to comment on unusual market activity. This was after USU's early July 1-for-25 reverse stock split—converting our earlier $0.43 post to $10.75. As a follow-up we posted USU again the last week of July and in our August 4 newsletter at $26.64, before it topped out at $29.12.
USU is now around $11/share and shows a split-adjusted 52-week low of $0.27 on July 1, and a high of $29.12 exactly four weeks later on July 29. NASDAQ shows 13,694,085 shares as the USU Short Interest on the June 28 Settlement Date, and 25.7 Days To Cover. The most recent August 30 report shows 963,856 shares short, taking 3.3 days to cover. If not a short-squeeze, then what am I missing?
The table below shows small-cap uranium miners with sizeable short interests and at least one mine in production or in development. Short data is from NASDAQ.com, stock prices are from our website.
| Company (click to research) | August 30 Short Interest |
Daily Volume |
Time To Cover |
52-Week High |
52-Week Low |
Last Price |
2007 High |
| (AMEX: UEC) Uranium Energy Corp. |
13,558,921 | 422,065 | 32-Days | $3.02 | $1.40 | $2.33 | $9.35 |
| (AMEX: URG)(TSX: URE) Ur-Energy Inc. |
4,990,303 | 252,143 | 20-Days | $1.39 | $0.70 | $1.04 | $5.45 |
| (AMEX: URZ)(TSX: URZ) Uranerz Energy Corp. |
6,689,889 | 569,277 | 12-Days | $1.89 | $0.88 | $1.07 | $7.65 |
| (AMEX: DNN)(TSX: DML) Dennison Mines Corp. |
7,007,816 | 651,616 | 11-Days | $1.72 | $1.03 | $1.16 | $15.01 |
| (NASDAQ: URRE) Uranium Resources Inc. |
2,179,660 | 228,960 | 10-Days | $6.30 | $1.75 | $2.73 | $14.99 |
With uranium stocks technically basing and starting to respond positively to news again, it will be interesting to see where these short positions eventually cover—will we see more USU style rockets?
Uranerz Energy Closes US$10 Million Bought Deal Financing
URZ traded up from $1.17 to as high as $1.64/share in July as construction advanced at Uranerz Energy's first ISR mine—located in the prolific Powder River Basin (PRB) of Wyoming; and on news that drilling of the company's first of two Deep Disposal Wells (DDW) had been completed.
Then after flatlining at the $1.30 level for a few weeks, the market didn't seem to like Uranerz' August 27 news release of a $10M financing at $1.17—taking URZ down to just over $1/share. Half-warrants attached allow the purchase of additional URZ stock at $1.60/share—potentially providing the company up to another $6.84M if exercised within 30-months after last Friday's closing.
While it's natural to hope for equity raises only at high prices, companies have to strike the best deal available to keep advancing their projects. Equity financing—if even available—is usually preferred because unlike debt it's not repayable, nor secured by assets. The alternative—especially in a weak market—is often exorbitant high-cost debt, which is just another form of shareholder dilution.
Uranerz' low-cost $20M state loan is still pending—queued with similar loans applied for before theirs. On June 7 URZ announced a $6M short-term note financing as a bridge to commence drilling of the DDWs at Nichols Ranch. Uranerz obviously thought their state loan would be processed by August 15—with the short-term note repaid—as the interest rate bumps up from 6% to 10% then.
Uranerz' news releases anticipate uranium production to commence around the end of this year. Now that this equity financing has closed, I wouldn't be surprised to see URZ start to trend higher again on construction updates, and as their last DDW gets completed—as their mine approaches the finish line.
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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