Basic Material Bullish Stocks: Harmony Gold Mining (NYSE:HMY), Newpark Resources (NYSE:NR), Tanzanian Royalty Exploration (NYSEMKT:TRX), Platinum Group Metals (NYSEMKT:PLG)

The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for HMY. Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares after opening at $3.25 moved to $3.35 on last trade day and at the end of the day closed at $3.34. Company price to sales ratio in past twelve months was calculated as 0.95 and price to cash ratio as 6.65. Harmony Gold Mining Co. (ADR) (NYSE:HMY) showed a positive weekly performance of 8.79%.

Newpark Resources, Inc. (NYSE:NR) announced results for its first quarter ended March 31, 2014. Total revenues for the first quarter of 2014 were $242.8 million compared to $246.9 million in the fourth quarter of 2013 and $267.9 million in the first quarter of 2013. Newpark Resources Inc (NYSE:NR) shares advanced 5.52% in last trading session and ended the day on $12.24. Newpark Resources Inc (NYSE:NR) return on equity ratio is recorded as 11.70% and its return on assets is 6.50%. Newpark Resources Inc (NYSE:NR) yearly performance is 42.99%.

Tanzanian Royalty Exploration Corporation US) (NYSEMKT:TRX) released an update regarding re-development activities at its gold mine project located in Tanzania. The company’s project will be undertaken in two phases, the first heap leach phase, for the preparation of sketch designs, structural designs, obtaining permits and approvals from the relevant authorities and institutions. Tanzanian Royalty Exploration Corp. (US) (NYSEMKT:TRX) shares moved up 5.69% in last trading session and was closed at $2.23 while trading in range of $2.07 – $2.27 year to date (YTD) performance is 27.43%.

The following month, battery technology specialists Primus Power raised $20 million from the Platinum Group Metals Limited (USA) (NYSEMKT:PLG) Development Fund, part of Anglo American Platinum. Andrew Hinkly, Executive Head of Marketing at Anglo American Platinum Limited (USA) (NYSEMKT:PLG), said that “This is a strategic investment for Anglo American Platinum. It is both good for business and for the environment.” Platinum Group Metals Limited (USA) (NYSEMKT:PLG) weekly performance is 8.00%. On last trading day company shares ended up $1.08. Platinum Group Metals Limited (USA) (NYSEMKT:PLG) distance from 50-day simple moving average (SMA50) is -2.23%. Analysts mean target price for the company is $1.32.

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