Basic Material Top Losers: Rare Element Resources (NYSEMKT:REE), USEC (NYSE:USU), China Gerui Adv Mtals (NASDAQ:CHOP), Mines Management (NYSEMKT:MGN)

Rare Element Resources Ltd (NYSEMKT:REE), which is US-based, has a market of $80.97 million and currently trades on market floors at infra-high of 1.72 and infra-low of 1.62. Among these players in the recent weeks, Rare Element Resources has been seeing great movement on the stock market. Besides, Rare Element has been successful in building itself as a national player, being part of the Environmental Impact Statement (EIS) along with a lead contractor at US Forest Service, Tetra Tech.  Rare Element Resources Ltd (NYSEMKT:REE)  shares after opening at $1.65 moved to $1.68 on last trade day and at the end of the day closed at $1.59. Company showed a negative weekly performance of -3.05%.

USEC Inc. (NYSE:USU) filed for Chapter 11 protection as the uranium supplier moves forward with a prepackaged restructuring agreement reached with some creditors last year. USEC Inc. (NYSE:USU) shares fell -12.70% in last trading session and ended the day on $3.78. USU return on equity ratio is recorded as 256.90% and its return on assets is -66.90%.  USEC Inc. (NYSE:USU) yearly performance is -60.21%.

China Gerui Advanced Materials Group Limited (NASDAQ:CHOP), a leading high-precision, cold-rolled steel producer in China, announced unaudited financial results for the three months and twelve months ended December 31, 2013. China Gerui Adv Mtals Grp Ltd (NASDAQ:CHOP) shares moved down -5.65% in last trading session and was closed at $1.17 while trading in range of $1.13 – $1.23 – China Gerui Adv Mtals Grp Ltd (NASDAQ:CHOP),year to date (YTD) performance is -6.40%.

Mines Management, Inc. (NYSEMKT:MGN) stock has been pushing ahead at the stock market ever since the company reported that the U.S. Fish and Wildlife Service has submitted its final opinion on the proposed “Montanore Silver-Copper Project”. This final approval, if and when granted would mean the last regulatory hurdle with regards to the project going forward would be removed. Mines Management, Inc. (NYSEMKT:MGN) weekly performance is -5.11%. On last trading day company shares ended up $1.30.  Mines Management, Inc. (NYSEMKT:MGN) distance from 50-day simple moving average (SMA50) is 25.73%. Analysts mean target price for the company is $4.00.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *