Castle Brands Inc. (NYSEMKT:ROX), a developer and international marketer of premium and super-premium branded spirits, reported financial results for the three and nine month periods ended December 31, 2013. Castle Brands Inc. (NYSEMKT:ROX) shares after opening at $1.21 moved to $1.41 on last trade day and at the end of the day closed at $1.38. Company price to sales ratio in past twelve months was calculated as 4.46 and price to cash ratio as 230.25. Mines Management, Inc. (NYSEMKT:MGN) showed a positiveweekly performance of 17.95%.
Stanley Furniture Co. (NASDAQ:STLY) shares declined 1.84% to touch a new 52-week low of $2.68 after the company reported that it will cease domestic production in Robbinsville, NC. Stanley Furniture Co. (NASDAQ:STLY) shares advanced 8.06% in last trading session and ended the day on $2.95. Stanley Furniture Co. (NASDAQ:STLY) return on equity ratio is recorded as -15.70% and its return on assets is -12.50%. Stanley Furniture Co. (NASDAQ:STLY) yearly performance is -32.18%.
The tag of war between equity and debt holders over profit escalates at Verso Paper Corp. (NYSE:VRS). Yet shares of the coated paper company continue to hold on positively. The story goes that as the company gears up for a merger with another coated paper producer NewPage Holdings, a lot seems to be at stake for creditors and shareholders. VRS is seeking to add NewPage, a privately-held company, to its portfolio, at least to turn a new page in its business. However, for the deal to go through, NewPage has asked that bondholders at Verso take a haircut. But that is not going down well with the creditors, yet talks over a debt exchange terms seem to be yielding very little as well. Nobody can tell for sure how things are going to unfold in the coming days or weeks, however, with value creation in the deal being compelling as it looks, a compromised may be in the works. Verso Paper Corp. (NYSE:VRS) shares moved down 1.63% in last trading session and was closed at $3.02, while trading in range of $ 2.90 – 3.20. Verso Paper Corp. (NYSE:VRS) year to date (YTD) performance is 379.37%.
China New Borun Corp. (NYSE:BORN) is a leading producer & a distributor of corn-based edible- alcohol in China. The company announced the unaudited fiscal results for Its Q4 & the full year that ended Dec 31, 2013. For the Q4 of 2013, the company’s revenue rose by 30.7% y- o- to RMB657.8M ($107.9 million) from RMB503.4M in that same period of 2012. This increase in revenue was primarily attributable to the higher production-volume and the higher sales volumes for all the company’s products.China New Borun Corp. (NYSE:BORN) weekly performance is 10.86%. On last trading day company shares ended up $3.37. China New Borun Corp. (NYSE:BORN) distance from 50-day simple moving average (SMA50) is 23.28%.
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