Can Coeur Mining Inc(CDE), Paramount Gold and Silver Corp.(PZG) and Netlist Inc.(NLST) Boost Their Revenue Enough To Cause A Storm On the Market?
New York, NY – GDP INSIDER – 02/20/2015.
This article discusses three companies: Coeur Mining Inc (NYSE:CDE), Paramount Gold and Silver Corp.(NYSEMKT:PZG) and Netlist Inc.(NASDAQ:NLST)
Coeur Mining Inc(NYSE:CDE) revealed its fourth quarter and full year financial reports yesterday showing a loss of $1.08 billion and an adjusted loss of $0.37 cents per share for Q4. This drove the price of the stock down 12.55% or $0.87 to close at $6.06 on higher than average trading of 5 million shares. This came after Wednesday’s announcement that its proven reserves of silver had a net gain of 32.2 million ounces in 2014. The stock is now below its 50 day moving average of $6.26 making it a good potential hold.
Paramount Gold and Silver Corp.(NYSEMKT:PZG) closed down 11.19% or $0.16 at $1.27 yesterday on average trading volume of 1.24 million shares. This brings the stock close to its 50 day moving average of $1.26 and well above its 200 day moving average of $0.94. The stock has been trading up since the beginning of this year when it was at $1.02. Paramount Gold and Silver Corp. has made a loss the past four quarters but has a one year target estimate of $1.44 which is achievable if silver prices rise.
Netlist, Inc.(NASDAQ:NLST) the provider of high performance cloud computing and storage memory solutions closed down 8.97% at $1.42 on heavy trading of 2.56 million shares compared to its three month average of 0.57 million shares. This followed its announcement yesterday that was publicly offering 7.692 million shares of common stock priced at $1.30 per share totaling $10 million. This should net Netlist Inc around $9 million to increase its working capital. The stock has almost doubled since it opened at $0.76 at the beginning of this year and this temporary drop could be a good opportunity to buy.
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