Could Minerco Resources Inc(OTCMKTS:MINE), Resolute Energy Corp(NYSE:REN), and Baltic Trading Ltd(NYSE:BALT) Break Out?
New York, NY – GDP INSIDER – 11/19/2014.
This article discusses three companies: Minerco Resources Inc(OTCMKTS:MINE), Resolute Energy Corp(NYSE:REN), and Baltic Trading Ltd(NYSE:BALT)
Minerco Resources Inc(OTCMKTS:MINE)is a Texas-based company that develops, produces, and provides commodities solutions. The company, which specializes in the retail beverages and renewable energy sectors in Central America.Minerco Resources, owns a 100% interest in the 6 mega-watt per hour Intibuca-based Chiligatoro hydro-electric project. The company, which has a market capitalization of $10.47 million, had a trading volume of 58.77 million yesterday. This figure is 20.65 million higher than Minerco Resources’s three month average volume of 38.12 million.
Resolute Energy Corp(NYSE:REN)announced its third quarter financial results on Nov. 10th, 2014. The Denver-based company’s financial figures included a net income of $15 million, or $0.20 per share. This marks a substantial increase from the $2.7 million, or $0.04 per share, loss recorded during third quarter 2013. The stock has traded within a range of $2.42 to $9.65 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $2.47. These figures suggest that Resolute Energy Corp. is trending downward.
Baltic Trading Ltd(NYSE:BALT)also recently reported its third quarter financial results. The figures included a net loss of $5.5 million and an EBITDA of $1.2 million. Baltic Trading Limited operates a fleet of dry bulk ships that transport iron ore, coal, grain, and steel. The stock traded within a range of $3.27 to $3.47 during yesterday’s trading, finishing at a price of $3.28. These figures, along with Baltic Trading’s 52 week low of $2.95, suggest that the trading day was nothing but a disappointment for the company.
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