Could Glencore International Plc, St. Helier (GLNCY), Medical Marijuana Inc(MJNA) and Gevo, Inc.(GEVO) Be Hidden Gems Or Fool’s Gold?
New York, NY – GDP INSIDER – 02/16/2015.
This article discusses three companies Glencore International Plc, St. Helier (OTCMKTS:GLNCY), Medical Marijuana Inc(OTCMKTS:MJNA) and Gevo Inc.(NASDAQ:GEVO).
Glencore International Plc, St. Helier(OTCMKTS:GLNCY) managed to reverse the downward trend of its stock price by announcing last week that it was cutting its planned capital expenditure for 2015 by 18% or over $1 billion. In addition it is going to get rid of its stake in a South African platinum producer for approximately $367 million. Since the announcement the price has risen from $7.42 and continued to rise by 3.51% on Friday to close at $8.85. However, with commodity prices predicted to continue to fall, this gain may not last for long.
Medical Marijuana Inc(OTCMKTS:MJNA) stock has been following the example of most stocks connected to legal marijuana related products by trending downwards. Even after last week’s announcement that Medical Marijuana was moving production of its top brand Dixie Botanicals from Colorado to California the stock continued to trade downwards. It close on Friday down 1.75% at $0.1120 with trading volume of 4.2 million shares, 600,000 above its 3 month average of 3.6 million. There is still optimism that marijuana restrictions could be loosened this year which could make this a good, if very risky, long term investment.
Gevo, Inc.(NASDAQ:GEVO) the biofuel company focused on developing next generation petrol based propellants received very positive news on Friday sending the stock soaring. Gevo was testing its new marine gas product Isobutanol and received positive results from the tests that it would not cause a reduction in performance or damage marine engines in any way. After this announcement, trading was very active with more than 21.5 million shares changing hands compared to the 3 month average of 2.3 million causing the stock to close up 15.95% at $0.2290 and could climb further this week.
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