Cereplast Inc (OTCMKTS:CERP)’s Q1 revenue exceeds the total revenue of 2012, Lake Shore Gold Corp (TSE:LSG)

Posted by Lynn Eisler May 23, 2013 0 Comment 1137 views


Cereplast Inc (OTCMKTS:CERP):In Wednesday’s trading session, Cereplast Inc (OTCMKTS:CERP) dipped 12.90%. It opened at $0.03 per share, which was also the intraday high, before dropping down to close at $0.0270 per share. Over 31.14 million shares were traded in Wednesday’s trading session. This number stood above the average volume of 15.38 million that was measured over a 30-day period.

The CERP stock’s 52-week high was 0.07. However it had risen 360.00% on the 52-week low of 0.01. Recently, the company had made certain announcements about positive developments. The most noteworthy one was that the CERP has begun majorly reorganizing its global operations as a cost-cutting measure. According to Cereplast Inc (OTCMKTS:CERP), this reorganization would bring it in line with opportunities that exist in the market. It is also expecting to reduce its operating- expenses by $600,000 and bring it down to around $800,000 per year.

The company had recently announced that its 2013 Q1 revenue was around $900,000-$1 million, which exceeded the total revenue for the 2012 financial year. Cereplast develops and commercializes bio-based resins via two product families- Cereplast Compostables Resins and Cereplast Sustainables resins.

Lake Shore Gold Corp (TSE:LSG): In Wednesday’s trading session, Lake Shore Gold Corp (TSE:LSG) rose 1.67% and closed at $0.305. It opened at $0.31 per share, touched an intraday high of $0.34, before dropping down to close at $0.31 per share. More than 1.70 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 2.00 million that was measured over a 30-day period.

The stock’s 52-week range is $0.28 and $1.17. It stands below its 20-days simple moving average by around 18.16% and 40.11% below its 50-days simple moving average. LSG is around 61.68% below its 200-days moving average. This in an indication that the future of the stock is bright.  The relative strength index has risen to 34.37. This is a reflection that it is heading for the oversold zone and that it might face some support at certain levels. The Lake Shore Gold Corp (TSE:LSG) stock has seen minimal growth over the past five trading sessions. It has also lost around 24.44% in the last month when its volatility was 9.16%.


About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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