Cereplast Inc (OTCMKTS:CERP) is engaged in developing and commercializing bio-based resins through two product families: Cereplast Compostables Resins, which are compostable, renewable, ecologically sound substitutes for petroleum-based plastics, and Cereplast Sustainables resins (including the Cereplast Hybrid Resins product line), which replaces up to 90% of the petroleum-based content of traditional plastics with materials from renewable resources. Cereplast Inc (OTCMKTS:CERP) stock closed at $0.0021 in last trading session. The stock showed a negative weekly performance of -60.38%.
Barrick Gold Corporation (USA) (NYSE:ABX) adjusted earnings (excluding one-time items) for the fourth quarter of 2013 plummeted to 37 cents per share from $1.16 in the year-ago quarter and missed the Zacks Consensus Estimate of 42 cents. Lower realized gold and copper prices and a decline in gold and copper sales volumes led to the decline in earnings. On a reported basis, net loss in the fourth quarter was $2.83 billion or $2.61 per share, compared with a net loss of $3.01 billion or $3.01 per share in the prior-year quarter. The loss includes $2.82 billion in impairment charges, mainly associated with Pascua-Lama, Porgera and Veladero mines and the Australia Pacific gold segment; and $176 million in costs associated with temporary suspension of construction at Pascua-Lama. Barrick Gold Corporation (USA) (NYSE:ABX) shares closed at $20.34 on last trade day, by gaining 1.24%. Stock 52 week range is $13.43 – $33.36. Company’s market capitalization is $23.69 billion.
Vale SA (ADR) (NYSE:VALE) average recommendation is overweight with average Target Price of $8.41. Vale SA (ADR) (NYSE:VALE) stock advanced 1.81% and finished the last session at $14.66. The EPS of the stock remained 1.17. Company’s market capitalization is $75.55 billion.
Exxon Mobil Corporation (NYSE:XOM) announces the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project. The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have planned a total of 16 development wells for the platform. Damar was developed under a gas production sharing contract between ExxonMobil, Petronas Carigali and Petronas. ExxonMobil is the operator of the Damar field and Petronas Carigali holds a 50% interest. Exxon Mobil Corporation (NYSE:XOM) stock opened at $91.81 in last trading session and closed at $94.11. The 52 week range of the stock is $84.79 – $101.74 and the day range was $91.60 – $94.43.