Hyperdynamics Corporation (NYSE:HDY) stock is exploding Monday on the news Tullow Oil, a drilling partner, had lifted its force majeure on a joint project in Guinea.Hyperdynamics Corporation (NYSE:HDY) shares after opening at $2.09 moved to $4.57 on last trade day and at the end of the day closed at $4.46. Company price to sales ratio in past twelve months was calculated as – and price to cash ratio as 2.83. Hyperdynamics Corporation (NYSE:HDY) showed a positive weekly performance of 248.44%.
Rio Tinto Plc has sued Vale SA (ADR) (NYSE:VALE) & the Israeli billionaire-Beny Steinmetz & his BSG Resources Ltd. They have alleged that they conspired to steal the rights to the biggest untapped iron-ore deposit in the world, by bribing the officials in Guinea.Rio has also accused VALE of having passed confidential information that it had acquired during the discussions that the 2 companies had about the latter acquiring a stake in this Guinea property to Steinmetz & BSGR. Steinmetz, and BSGR and Vale had then used the information to advance the bid they put forth, for the mining rights, said Rio in the complaint that was filed in the federal court in NY.Vale SA (ADR) (NYSE:VALE) shares fell -1.47% in last trading session and ended the day on $13.37. VALE return on equity ratio is recorded as 7.10% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE) yearly performance is -16.23%.
Alcoa Inc. (NYSE:AA) CEO Klaus Kleinfeld isn’t going to the International Economic Forum later this month due to the U.S. sanctions against Russia. The Wall Street Journal said Alcoa (NYSE: AA) confirmed Kleinfeld wouldn’t be a part of the forum, which is being hosted by Russian President Vladimir Putin.Alcoa Inc. (NYSE:AA) shares moved down -1.38% in last trading session and was closed at $13.53, while trading in range of $13.48 – $13.67. Alcoa Inc. (NYSE:AA) year to date (YTD) performance is 27.64%.
On May 1, 2014, Kodiak Oil & Gas Corp. (NYSE:KOG) issued a press release entitled “Kodiak Oil & Gas Corp. Announces First Quarter 2014 Results and Provides Operations Update.Kodiak Oil & Gas Corp (USA) (NYSE:KOG) weekly performance is -7.86%. On last trading day company shares ended up $12.43. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) distance from 50-day simple moving average (SMA50) is 3.85%. Analysts mean target price for the company is $15.03.