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