China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ) up by 18.33%, Globalstar Inc. (OTCMKTS:GSAT)

Posted by admin May 21, 2013 0 Comment 792 views


Miami, FL 05/21/2013 (GDPInsider) – China Shen Zhou Mining & Resources Inc. (NYSEMKT:SHZ) is up by 18.33% from its previous close of $0.12 to currently trade at $0.142. The stock hit a high of $0.14 and a low of $0.12 during the day. The 52-week range of the stock is $0.11 and $1.39. The stock is below its 20 days simple moving average by about 17.40%, it is 40.32% below its 50 days simple moving average and about 57.95% below its 200 days moving average. We get a sense of pessimism from these indicators, but we can get some relief since the relative strength index has moved to 37.15 reflecting that it is trading in an overbought zone and might get a support at some levels. The stock has lost a significant amount in the past five trading session which is about 25.00% growth, it has also lost about 40.00% in the past month when it faced a volatility of 12.20%.

Mr. Shing Mun Wong departed from the Board On May 19, on personal grounds.

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

Globalstar, Inc. (OTCMKTS:GSAT) is up by 10.00% from its previous close of $0.40 to currently trade at $0.44. The stock hit a high of $0.47 and a low of $0.41 during the day. The 52-week range of the stock is $0.25 and $0.60. The stock is above its 20 days simple moving average by about 23.56%, it is 31.74% above its 50 days simple moving average and about 16.77% above its 200 days moving average. We get a sense of optimism from these indicators, but we need to be cautious since the relative strength index has moved to 70.83 reflecting that it is trading in an oversold zone and might face a resistance at some levels. The stock has gained a significant amount in the past five trading session which is about 11.11% growth, it has also gained about 33.33% in the past month when it faced a volatility of 8.33%.

The company yesterday announced that it has successfully completed the 5.75% Convertible Senior Unsecured Notes Exchange.

SPOT a wholly owned subsidiary of Globalstar announced the launch of new SPOT Global Phone. The phone is portable, easy to use and data-enabled satellite phone, which provides a good voice quality in areas where other cell services are not available.

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

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