On 14 MAY Forbes Energy Services Ltd. (NASDAQ:FES) announced financial and operating results for the three months ended March 31, 2014 Gross profit increased to $27.1 million, or 24.7% of revenues, in the first quarter of 2014, compared to $25.3 million, or 23.1%, in the fourth quarter of 2013.GAAP net loss attributable to common shares was $1.5 million, or $0.07 per diluted share, for the first quarter of 2014, compared to net loss attributable to common shares of $4.1 million, or $0.19 per diluted share for the fourth quarter of 2013. Forbes Energy Services Ltd. (NASDAQ:FES) net profit margin is -3.30% and weekly performance is 9.87%. On last trading day company shares ended up $4.34. Analysts mean target price for the company is $4.50. Forbes Energy Services Ltd. (NASDAQ:FES) distance from 50-day simple moving average (SMA50) is 8.12%.
On 30 MAY Equities researchers at HC Wainwright initiated coverage on shares of Avino Silver & Gold Mines Ltd (USA) (NYSEMKT: ASM) in a research report issued. The firm set a “buy” rating and a $2.10 price target on the stock. HC Wainwright’s price objective indicates a potential upside from the company’s current price. Avino Silver & Gold Mines Ltd (USA) (NYSEMKT: ASM) shares advanced 7.84% in last trading session and ended the day on $1.65. ASM Gross Margin is 48.80% and its return on assets is 5.70%. Avino Silver & Gold Mines Ltd (USA) (NYSEMKT: ASM) quarterly performance is -21.05%.
On 29 MAY Superior Drilling Products, Inc. (NYSEMKT: SDPI) announced that it has acquired Hard Rock Solutions, LLC for $12.5 million in conjunction with the closing of its initial public offering. Superior Drilling Products, Inc. (NYSEMKT: SDPI) shares moved up 10.48% in last trading session and was closed at $5.80, while trading in range of $5.31 – $6.45. Superior Drilling Products, Inc. (NYSEMKT:SDPI) year to date (YTD) performance is 30.04%.
Sesa Sterlite Ltd (ADR) (NYSE:SSLT) announces that Mr. P Elango, Interim CEO & Whole time Director has decided to step down for personal reasons. The Board has accepted his resignation. Mr. Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organization in the interim. Tom Albanese, CEO Vedanta Resources plc and Mike Yeager, Chairman, Operations Review Board, Cairn India, will continue to work closely with the leadership team in managing the business under the guidance of the Board. Sesa Sterlite Ltd (ADR) (NYSE:SSLT) ended the last trading day at $19.86. Company weekly volatility is calculated as 1.40% .Sesa Sterlite Ltd (ADR) (NYSE:SSLT) showed a positive weekly performance of 7.00%
On 29 MAY Timmins Gold Corp (NYSEMKT: TGD) announced a US$5 million exploration program for 2014. The objective is to probe three high potential targets near the Company’s San Francisco gold mine in Mexico. Timmins Gold Corp (NYSEMKT: TGD) weekly performance is 12.50%. On last trading day company shares ended up $1.44. Analysts mean target price for the company is $2.05. Timmins Gold Corp (NYSEMKT: TGD) distance from 50-day simple moving average (SMA50) is 6.45%.