The Shareholders Foundation announces that an investor, who purchased shares of Allied NevadaGold Corp. (NYSEMKT:ANV), filed a lawsuit in the U.S. District Court for the District of Nevada over alleged violations of Federal Securities Laws by Allied Nevada Gold Corp. in connection with certain allegedly false and misleading statements made between January 18, 2013 and August 5, 2013. Allied Nevada Gold Corp. (NYSEMKT:ANV) shares after opening at $4.33 moved to $4.43 on last trade day and at the end of the day closed at $4.09. Company price to sales ratio in past twelve months was calculated as 1.59 and price to cash ratio as 5.11. Allied Nevada Gold Corp. (NYSEMKT:ANV) showed a negative weekly performance of -5.10%.
Mechel (NYSE:MTL) had its target price cut by Credit Suisse from $1.90 to $1.60 in a report issued on Monday, Stock Ratings News reports. Mechel OAO (ADR) (NYSE:MTL) shares fell -7.50% in last trading session and ended the day on $1.85. MTL return on equity ratio is recorded as -211.10% and its return on assets is -26.10%. Mechel OAO (ADR) (NYSE:MTL) yearly performance is -58.61%.
Ur-Energy Inc. (USA) (NYSEMKT:URG) is pleased to announce that James A. Bonner has joined Ur-Energy as the Company’s Vice President, Geology. He will be located in our Casper, Wyoming office. Ur-Energy Inc. (USA) (NYSEMKT:URG) shares moved down -5.77% in last trading session and was closed at $1.47, while trading in range of $1.41-$1.58. Ur-Energy Inc. (USA) (NYSEMKT:URG) year to date performance is 6.52%.
The week has so far been positive for MagneGas Corporation (NASDAQ:MNGA) as early this week the company has been granted with the NASDAQ OMX compliance status regarding the fulfillment of minimum bid requirement to continue to list on the stock exchange. In its notice to the company, NASDAQ mentioned that it has shut down its review for the company as it now complies with the mandatory listing requirements of the exchange.MagneGas Corporation (NASDAQ:MNGA) weekly performance is -11.73%. On last trading day company shares ended up $1.43. MagneGas Corporation (NASDAQ:MNGA) distance from 50-day simple moving average is 36.76%. Analysts mean target price for the company is $0.95.