Could Minerco Resources Inc(OTCMKTS:MINE), Resolute Energy Corp(NYSE:REN), and Baltic Trading Ltd(NYSE:BALT) Break Out?

Posted by admin November 19, 2014 0 Comment 701 views


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.

Should You Invest In Minerco? Receive A Free MINE Analysis.

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.

Could Resolute Energy Be The Next Big Thing? View Our Free REN Analysis.

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.

Is Now The Time To Invest In Baltic Trading? Take A Look At Our Free BALT Analysis.

About HotStockGains

HotStockGains.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word BREAKOUT to 555888 from your cell phone.

Additionally, HotStockGains free newsletter provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.

Disclosure:  HotStockGains is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://hotstockgains.com/disclaimer/ for complete risks and disclosures.


Write Your Comment