China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ) down by 19.29%, NewLead Holdings Ltd (NASDAQ:NEWL)

Posted by George Brook May 23, 2013 0 Comment 601 views


Miami, FL 05/23/2013 (GDPInsider) –China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ) is now down by 19.29% to currently trade at $0.139 as compared to previous close of $0.17. The stock hit its intraday low of $0.12 and hit an Intraday high of $0.17. At present levels the stock is 13.19% above its 52-week low of $28.91 and about 89.80% below its previous 52-week high of $1.39. The relative strength index of the stock is 40.87 giving an indication that the stock is trading in an oversold zone. The stock’s long moving average is above the short moving average giving a bearish sign. The share price is about 56.81% below the Simple Moving average of 200 days and is 37.59% below the Simple Moving average of 50 days. The volatility experienced by the stock over the last five trading session was 15.64%, and over the previous one month is 12.26%. The share has given a return of 13.33% in the last week.

The company has received a delisting notice from the staff of NYSE Regulation, stating the company’s inability to regain compliance with Sections 1003(a) (iv) of the Exchange’s Co Guide. The company is also not in compliance with Sections 134 and 1101 of the Co Guide for not filing its annual report on Form 10-K for the FY12.

Is SHZ a solid investment at these levels? Get valuable updates and exclusive insights here.

NewLead Holdings Ltd (NASDAQ:NEWL) is now down by 8.08% to currently trade at $0.225 as compared to previous close of $0.24. The stock hit its intraday low of $0.22 and hit an Intraday high of $0.26. At present levels the stock is 8.00% above its 52-week low of $0.22 and about 91.30% below its previous 52-week high of $2.73. The relative strength index of the stock is 27.41 giving an indication that the stock is trading in oversold zone. The stock’s long moving average is above the short moving average giving a bearish sign. The share price is about 63.84% below the Simple Moving average of 200 days and is 45.90% below the Simple Moving average of 50 days. The volatility experienced by the stock over the last five trading session was 25.15%, and over the previous one month is 17.30%. The share has given a return of -11.11% in the last week.

The company received a notice from NASDAQ Stock Market indicating that the company is not in compliance NASDAQ Listing Rule 5250(c)(1), since the company could not timely file its Annual Report on Form 20-F for the FY12.

How Should Investors Trade NEWL Now? Get the latest trends and data here.

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About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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