ECOtality Inc (NASDAQ:ECTY)’s shares declined by 7.49%, Brigus Gold Corp (NYSEMKT:BRD)

Posted by George Brook May 23, 2013 0 Comment 1257 views


ECOtality Inc (NASDAQ:ECTY): In Wednesday’s trading session, ECOtality Inc (NASDAQ:ECTY) dipped 7.49% and closed at $1.73. It opened at $1.83 per share, which was also the intraday high, before dropping down to close at $1.72 per share. More than 0.582 million shares were traded in Wednesday’s trading session. This number stood below the average volume of 0.887 million that was measured over a 30-day period.

ECTY is a company that provides electric transportation as well as storage technologies. ECOtality Inc (NASDAQ:ECTY) provides electric-vehicle infrastructure products. The solutions it provides are used in grid-connected vehicles (these include battery electric vehicles and plug-in hybrid electric vehicles), on-road, airport electric ground-support applications and material handling. Via Electric Transportation Engineering Corporation (eTec), its main operating subsidiary, ECOtality Inc (NASDAQ:ECTY)’s main product offerings are the advanced battery fast-charge systems, which are part of the Minit-Charger line. These are designed for use in different automotive applications. Apart from this, Ecotality, Inc, its electric transportation focus, is involved in developing, manufacturing, assembling and commercializing advanced battery systems, specialty solar products and fuel and hydrogen cell systems.

Brigus Gold Corp (NYSEMKT:BRD): In Wednesday’s trading session, Brigus Gold Corp (NYSEMKT:BRD) dipped 0.92% and closed at $0.590. It opened at $0.60 per share, touched the intraday high at $0.63, before dropping down to close at $0.56 per share. More than 1.26 million shares were traded in Wednesday’s trading session. This number stood above the average volume of 0.989 million that was measured over a 30-day period.

BRD is a mining company. It is involved in extracting, processing, and the refining of gold deposits. It also engages in related activities which include acquiring, exploring and developing mineral properties which are largely situated in North America. The only mining operation that the company has is the Black Fox Mine. As of 31 December  2011, Brigus Gold Corp (NYSEMKT:BRD) was in the process of evaluating the Goldfields Project. This project has the Athona and Box gold deposits. The Black Fox Mine is wholly-owned and operated by the company. It is an open-pit with underground mining operation which is situated in the Ontario region in the Timmins Mining District. In the year that ended 31 December 2011, BRD sold 57,001 ounces of gold, processed 725,541 tons of ore.

 


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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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