On May 20, 2014, Uranium Energy Corp. (NYSEMKT:UEC), acquired the Longhorn Project in central Live Oak County, Texas, on trend between two former US Steel production areas, the Boots and the Pawlik. It is believed that at least five separate roll-fronts exist across the project area. Uranium Energy Corp. (NYSEMKT:UEC), weekly performance is 0.65%. On last trading day company shares ended up $1.54. Analysts mean target price for the company is $2.54. Uranium Energy Corp. (NYSEMKT:UEC), distance from 50-day simple moving average (SMA50) is 18.85%.
Rio Alto Mining Ltd (NYSE:RIOM), said on Wednesday it would buy Sulliden Gold Corp Ltd for about C$300 million ($275 million) in an all-stock deal to create a Peru-focused gold miner. Rio Alto Mining Ltd (NYSE:RIOM), fell 7.65% in last trading session and ended the day on $1.81. Rio Alto Mining Ltd (NYSE:RIOM), quarterly performance is -24.27%.
Methes Energies International Ltd. (NASDAQ:MEIL), announced the pricing of its previously announced underwritten public offering. The Company is offering 2,500,000 registered shares of its common stock, par value $0.001 per share, at a price to the public of $2.00 per share. In connection with the offering, the Company has also granted the underwriter a 30-day option to purchase up to an additional 375,000 shares of common stock from the Company to cover over-allotments, if any. Methes Energies International Ltd. (NASDAQ:MEIL), shares moved down 27.11% in last trading session and was closed at $2.07, while trading in range of $1.93 – 2.15. Methes Energies International Ltd. (NASDAQ:MEIL), year to date (YTD) performance is -36.11%.
Whiting USA Trust (NYSE:WHX)’s shares decreased 11.11% to $2.32. The company on May 7 ) announced the second Trust distribution in 2014, which relates to net profits generated during the first quarterly payment period of 2014. Unitholders of record on May 20, 2014 will receive a distribution of $0.468402 per unit, which is payable on or before May 30, 2014. The net profits interest will terminate when 9.11 MMBOE (which amount is equivalent to 8.20 MMBOE attributable to the net profits interest) have been produced and sold from the underlying properties, and the Trust will soon thereafter wind up its affairs and terminate, after which it will pay no further distributions. Whiting USA Trust (NYSE:WHX), ended the last trading day at $2.18. Company weekly volatility is calculated as 10.12% and price to cash ratio as 301.93. Whiting USA Trust (NYSE:WHX), showed a negative weekly performance of 10.66%.
On May 06, 2014, Oxford Resource Partners, LP (NYSE:OXF), announced first quarter 2014 financial results. Adjusted EBITDA was $9.2 million for the first quarter of 2014 compared to $9.0 million for the first quarter of 2013. The increase was driven by a 20.0 percent increase in cash margin to $7.68 per ton for the first quarter of 2014 from $6.40 per ton for the first quarter of 2013. Oxford Resource Partners, LP (NYSE:OXF), net profit margin is -7.00% and weekly performance is -9.92%. On last trading day company shares ended up $1.09. Oxford Resource Partners, LP (NYSE:OXF), distance from 50-day simple moving average (SMA50) is -16.21%.