Basic Material Losers: Gastar Exploration (NYSEMKT:GST), Ceres Inc (NASDAQ:CERE), Mines Management (NYSEMKT:MGN), Almaden Minerals (NYSEMKT:AAU)

Gastar Exploration INC. (NYSEMKT:GST) was falling 11.3% to $5.34 following fourth-quarter results that missed analysts’ expectations for earnings. GASTAR EXPLORATION, INC. (NYSEMKT:GST) shares after opening at $5.35 moved to $5.51 on last trade day and at the end of the day closed at $5.17. Company price to sales ratio in past twelve months was calculated as 3.78 and price to cash ratio as 13.86. GASTAR EXPLORATION, INC. (NYSEMKT:GST)showed a negative weekly performance of -16.75%.

Ceres Inc (NASDAQ:CERE) announced the pricing of an underwritten public offering of 20 million shares of common stock at a public offering price of $1.00 per share. Ceres also granted the underwriters a 45-day option to purchase up to 3 million additional shares of common stock to cover over-allotments, if any. Ceres expects to receive approximately $20 million in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the company. Ceres Inc (NASDAQ:CERE) shares fell -7.97% in last trading session and ended the day on $0.920. CERE return on equity ratio is recorded as -111.20% and its return on assets is -98.10%.  Ceres Inc (NASDAQ:CERE) yearly performance is -73.33%.

Mines Management Inc (NYSEMKT:MGN) is engaged in the business of acquiring and exploring, and developing mineral properties, primarily those containing silver and associated base and precious metals. The Company acquires, explores, and develops mineral properties in North America. Mines Management, Inc. (NYSEMKT:MGN) shares moved down -5.84% in last trading session and was closed at $1.29 while trading in range of $1.12 – $1.44 – Mines Management, Inc. (NYSEMKT:MGN) year to date (YTD) performance is 115.00%.

Almaden Minerals Ltd. (NYSEMKT:AAU) is pleased to announce the completion and filing of the National Instrument 43-101 Independent Technical Report for the Company’s Tuligtic Gold-Silver Project, Mexico. Almaden Minerals Ltd. (USA) (NYSEMKT:AAU) weekly performance is -1.92%. On last trading day company shares ended up $1.53.  Almaden Minerals Ltd. (USA) (NYSEMKT:AAU) distance from 50-day simple moving average (SMA50) is 2.29%.

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