Hecla Mining Company (NYSE:HL) Closed flat, SemiLEDs Corporation (NASDAQ:LEDS)

Posted by Michael Korte May 15, 2013 0 Comment 9227 views


Hecla Mining Company (NYSE:HL): Tuesday’s trading session saw Hecla Mining Company (NYSE:HL) shares traded flat. The opening price of $3.14 touched an intraday high of $3.24 per share before setting down to $3.17. A total of around 3.08 million shares were traded in Tuesday’s trading session. This was below the average volume of 6.63 million, measured over a period of 30 days.

Just last weekend, the company reported its Q1 profit of $10.95 million. This had dropped from $12.43 million that it stood at in 2012. The earnings per share plateaued at $0.04. Hecla Mining Company (NYSE:HL) posted EPS of $0.01 on an adjusted basis, for the quarter. The average analysts projection had been $0.0.4 per share. The company clocked $76.45 million worth of revenue which had dropped from the $91.15 million that it stood at, a year ago. For the same period, the analyst revenue projection had been $94.78 million.

Hecla Mining Company is involved in the discovery, acquisition, development, production and marketing of gold, silver, zinc and lead. HL operates in two distinct segments: The Lucky Friday unit and the Greens Creek unit.

SemiLEDs Corporation (NASDAQ:LEDS): Tuesday’s trading session saw SemiLEDs Corporation (NASDAQ:LEDS) shares headed 1.31% downward. The opening price of $1.54 touched an intraday high of $1.67 per share before setting down to $1.50. A total of around 1.88 million shares were traded in Tuesday’s trading session. This was above the average volume of 0.825 million, measured over a period of 30 days.

The Taiwan-based SemiLEDs Corporation manufactures ultra high-brightness LED chips. It has top-of-the-line fabrication facilities situated in Hsinchu Science Park, Taiwan. LEDS specially develops and manufactures metal-alloy vertical LED chips. These are in green, blue (white), and UV. The patented MvpLED™ technology is used in the manufacture of these chips. This technology affords the chips higher performance as well as extended lumen maintenance. They are primarily sold to customers in Taiwan, China and other regions in Asia. SemiLEDs Corporation (NASDAQ:LEDS)’s  products are mostly used in general lighting applications such as residential, industrial and commercial lighting and street lights. The chips that are manufactured by the company may also be used in different specialty industry applications.


About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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