Allied Nevada Gold Corp. (NYSEMKT:ANV), has entered into an agreement with West Kirkland Mining Inc whereby it is divesting 75% of its stake in its non-core Three Hills and Hasbrouck properties. This deal has been made with a total consideration of $20 million. The three Hills property comprises 100 unpatented mining claims and 6 patented mining claims whereas the Hasbrouck property comprises 583 unpatented mining claims and 28 patented mining claims. These properties are situated in Esmeralda County and Nye County in Nevada. Allied Nevada Gold Corp. (NYSEMKT:ANV), shares after opening at $3.74 moved to $3.82 on last trade day and at the end of the day closed at $3.70. Company price to sales ratio in past twelve months was calculated as 1.44 and price to cash ratio as 4.63. Allied Nevada Gold Corp. (NYSEMKT:ANV), showed a positive weekly performance of 1.93%.
Rare Element Resources Ltd (NYSEMKT:REE) is working to develop the first rare earths mine to open in the United States for over 60 years. Rare Elements is working to advance the Bear Lodge project in northeastern Wyoming, on a site located 12 miles northwest of the town of Sundance. The company said geological work in the past decade has outlined one of the largest disseminated rare earth deposits in North America. Rare Element Resources Ltd (NYSEMKT:REE), shares fell 3.57% in last trading session and ended the day on $1.35. Rare Element Resources Ltd (NYSEMKT:REE), yearly performance is -27.42%.
On April 15, 2014, Quicksilver Resources Inc (NYSE:KWK), announced first-quarter 2014 earnings are expected to be released on Tuesday, May 6, 2014, before the market opens. The company will host a conference call the same day at 10:00 a.m. Central time to discuss financial and operating results. In order to access the conference call through a phone line, participants must first register via the Events and Presentations page on Quicksilver’s website at http://investors.qrinc.com. Quicksilver Resources Inc (NYSE:KWK), shares moved up 3.72% in last trading session and was closed at $3.07, while trading in range of $ 2.88 – 3.14.
Basic Energy Services, Inc (NYSE:BAS) reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04, Stock Ratings Network reports. The company had revenue of $336.76 million for the quarter, compared to the consensus estimate of $328.04 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Basic Energy Services, Inc (NYSE:BAS), weekly performance is -7.50%. On last trading day company shares ended up $26.03. Basic Energy Services, Inc (NYSE:BAS), distance from 50-day simple moving average (SMA50) is 4.42%. Analysts mean target Price for the company is $22.71.
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