Analysts at SunTrust downgraded shares of Endeavour International Corporation (NYSE:END) from a “buy” rating to a “neutral” rating in a research note on Tuesday May 13th. Endeavour International Corporation (NYSE:END) net profit margin is -34.30% and weekly performance is -38.00%. On last trading day company shares ended up $1.24. Analysts mean target price for the company is $3.94. Endeavour International Corporation (NYSE:END) distance from 50-day simple moving average is -54.29%.
On May 20, 2014 Tasman Metals Ltd (NYSEMKT:TAS) and Flinders Resources Limited (TSX VENTURE:FDR) (“Flinders”) announce that negotiations with regard to the previously disclosed potential merger of the two companies (see joint press release dated 12 December 2013) has concluded, with a decision to not proceed. This decision not to proceed with the merger was taken mutually by the Boards of Directors of both companies, after discussion with various stakeholders including shareholders and customers. Tasman Metals Ltd (NYSEMKT:TAS) shares fell -7.62% in last trading session and ended the day on $0.970. Tasman Metals Ltd (NYSEMKT:TAS) quarterly performance is -23.62%.
Timmins Gold Corp (NYSEMKT:TGD) said it had set up a special committee of independent directors to oversee the company’s response to a proxy fight launched by a major shareholder to overhaul the gold miner’s board. Timmins Gold Corp (NYSEMKT:TGD) shares moved down -6.92% in last trading session and was closed at $1.48, while trading in range of $1.42-$1.60. Timmins Gold Corp (NYSEMKT:TGD) year to date performance is 32.14%.
On May 15, 2014 New Concept Energy, Inc. (NYSEMKT:GBR) a Dallas- based oil and gas company, reported net loss for the three months ended March 31, 2014 of $40,000 or $0.02 per share, compared to a net income of $31,000 or $(0.02) per share for the three months ended March 31, 2013. New Concept Energy, Inc. (NYSEMKT:GBR) ended the last trading day at $2.40. Company weekly volatility is calculated as 8.26% and price to cash ratio as 2.96. New Concept Energy, Inc. (NYSEMKT:GBR) showed a positive weekly performance of 2.56%.
On 30 May 2014 MagneGas Corporation (NASDAQ:MNGA), a frontrunner technology and energy company that works on fructifying righteous conversion of liquid waste materials into hydrogen based fuel reserve, announced recently that it had filed a regulatory provisional patent to exquisitely blend myriad existing cutting fuels with MNGA to benefit the Metal Works Industry.MagneGas Corporation (NASDAQ:MNGA) weekly performance is 2.68%. On last trading day company shares ended up $1.53. Analysts mean target price for the company is $0.95. MagneGas Corporation (NASDAQ:MNGA) distance from 50-day simple moving average is 9.72%.
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