On June 10, Shares of Quicksilver Resources Inc (NYSE:KWK) were the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 38,421,265 shares, a drop of 11.3% from the April 30th total of 43,338,312 shares, AmericanBankingNews.com reports. Currently, 30.7% of the company’s shares are short sold. Based on an average daily volume of 3,782,658 shares, the short-interest ratio is currently 10.2 days. Quicksilver Resources Inc (NYSE:KWK) net profit margin is 18.40% and weekly performance is -4.80%. On last trading day company shares ended up $2.38. Analysts mean target price for the company is $3.75. Quicksilver Resources Inc (NYSE:KWK) distance from 50-day simple moving average (SMA50) is -12.98%.
June 10, 2014 Endeavour International Corporation (NYSE:END) announced that it has received numerous calls from analysts and investors making inquiries regarding recent market activity in the Company’s stock. Management of the Company is unaware of any reason why recent trading of the stock has resulted in a significant decrease in its price over the last few days. Endeavour International Corporation (NYSE:END) shares fell -9.43% in last trading session and ended the day on $1.44. Gross Margin is 69.20% and its return on assets is -8.40%. Endeavour International Corporation (NYSE:END) quarterly performance is -57.27%.
June 11, 2014 — Mexco Energy Corporation (NYSEMKT:MXC) announced that in view of the unusual market activity in the Company’s stock, the NYSE MKT (“the Exchange”) has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activity. Mexco Energy Corporation (NYSEMKT:MXC) shares moved down -5.53% in last trading session and was closed at $8.72 , while trading in range of $8.29 – $9.50. Mexco Energy Corporation (NYSEMKT:MXC) year to date (YTD) performance is 26.38%.
On May 15, New Concept Energy, Inc. (NYSEMKT:GBR) a Dallas- based oil and gas company, reported net loss for the three months ended March 31, 2014 of $40,000 or $0.02 per share, compared to a net income of $31,000 or $(0.02) per share for the three months ended March 31, 2013. The Company recorded revenues of $725,000 for the three months ended March 31, 2014 from its retirement property compared to $680,000 for the comparable period in 2013. The increase was due principally due to rate increases. For the three months ended March 31, 2014, the Company recorded oil and gas operating expenses of $483,000 as compared to $456,000 for the comparable period of 2013. Included in operating expenses are $166,000 and $207,000 for the three months ended March 31, 2014 and 2013 respectively of depreciation and depletion which are non-cash expenses. New Concept Energy, Inc. (NYSEMKT:GBR) ended the last trading day at $2.71 . Company weekly volatility is calculated as 10.74% and price to cash ratio as 3.32. New Concept Energy, Inc. (NYSEMKT:GBR) showed a positive weekly performance of 6.69%.