Miller Energy Resources, Incorporated (NYSE:MILL) on 24 June formally announced plans to divest its Tennessee assets, & has engaged in strategic discussions to in that end. In addition, the – Company has commenced implementation of an internal restructuring & cost reduction program designed to reduce annual yearly general & administrative expenses by $3 to $5 million. Miller Energy Resources Inc. (NYSE:MILL) net profit margin is -67.10% and weekly performance is 16.15%. On last trading day company shares ended up $6.40. Analysts mean target price for the company is $8.07. Miller Energy Resources Inc. (NYSE:MILL) distance from 50-day simple moving average (SMA50) is 25.88%.
Alderon Iron Ore Corp. (NYSEMKT:AXX) reported that The Kami Mine Limited Partnership, an affiliate of Alderon, has finished the engineering work needed in order to commence construction at the Kami Iron Ore Project in western Labrador. The commencement of construction will still be subject to the completion of Alderon’s financing plan as well as to project sanction by the Board of Directors of Alderon. Alderon Iron Ore Corp. Ordinary Shares (Canada) (NYSEMKT:AXX) shares advanced 4.31% in last trading session and ended the day on $1.21. Alderon Iron Ore Corp. Ordinary Shares (Canada) (NYSEMKT:AXX) quarterly performance is -17.69%.
Investment analysts at Dundee Securities upped their target price on shares of Timmins Gold Corp (NYSEMKT:TGD) from C$2.00 to C$2.25 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Timmins Gold Corp (NYSEMKT:TGD) shares moved up 5.42% in last trading session and was closed at $1.75, while trading in range of $1.64 – $1.80. Timmins Gold Corp (NYSEMKT:TGD) year to date (YTD) performance is 56.25%.
Genie Energy Ltd., (NYSE:GNE) on 24 June announced the expiration of its previously disclosed exchange offer of shares of its Class B Common Stock for shares of Series 2012-A Preferred Stock on a one-for-one basis. The exchange offer expired, as scheduled, at 5:00 p.m., EDT, on Monday, June 23, 2014. All shares that were validly tendered and not properly withdrawn have been accepted by Genie for exchange. Genie Energy Ltd (NYSE:GNE) ended the last trading day at $7.87. Company weekly volatility is calculated as 4.02% and price to cash ratio as 3.49.Genie Energy Ltd (NYSE:GNE) showed a positive weekly performance of 2.21%.
Aemetis, Inc. (NASDAQ:AMTX) on 6 June announced that its common stock began trading today on The NASDAQ Stock Market LLC under the ticker symbol AMTX. Aemetis, Inc. (NASDAQ:AMTX) net profit margin is -3.20% and weekly performance is -6.19%. On last trading day company shares ended up $9.54. Aemetis, Inc. (NASDAQ:AMTX) distance from 50-day simple moving average (SMA50) is 9.11%.