Basic Material Losers: Avino Silver & Gold Mines (NYSEMKT:ASM), Rare Element Resources (NYSEMKT:REE), USEG, General Steel Holdings (NYSE:GSI)

Posted by on Mar 28, 2014

Avino Silver and Gold Mines Ltd. (NYSEMKT:ASM) is pleased to announce the February 2014 production results from its San Gonzalo mine and Avino Mine surface stockpile operations located on the Avino property near Durango, Mexico. Avino Silver & Gold Mines Ltd (USA) (NYSEMKT:ASM) shares after opening at $1.69 moved to $1.72 on last trade day and at the end of the day closed at $1.48. Company price to sales ratio in past twelve months was calculated as 3.15 and price to cash ratio as 10.41. Avino Silver & Gold Mines Ltd (USA) (NYSEMKT:ASM) showed a negative weekly performance of -23.32%.

Rare Element Resources Ltd (NYSEMKT:REE) to Participate in the John Tumazos Very Independent Research 13th Metals and Natural Resources Conference. Rare Element Resources Ltd (NYSEMKT:REE) shares fell -5.84% in last trading session and ended the day on $1.45. Rare Element Resources Ltd (NYSEMKT:REE) yearly performance is -36.96%.

US Energy Corp. (NASDAQ:USEG) was a big mover last session, as the company saw its shares rise almost 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. U.S. Energy Corp. (NASDAQ:USEG) shares moved down -5.84% in last trading session and was closed at $4.68, while trading in range of $4.56 – $5.00. U.S. Energy Corp. (NASDAQ:USEG) year to date (YTD) performance is 24.47%.

General Steel Holdings (NYSE:GSI) reported that for Q4, it narrowed its loss year over year but missed Street estimates, while revenue decreased, also falling short of analysts’ expectations. General Steel Holdings Inc. (NYSE:GSI) weekly performance is -15.65%. On last trading day company shares ended up $1.24. General Steel Holdings Inc. (NYSE:GSI) distance from 50-day simple moving average (SMA50) is 6.35%. Analysts mean target price for the company is $4.00.

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