North American Palladium Ltd (USA) (NYSEMKT:PAL) Down 17.65%, Westinghouse Solar Inc. (OTCMKTS:WEST) Down 3.03%

Posted by Ryan Mandell May 6, 2013 0 Comment 1280 views


Northern, WI 05/06/2013 (GDPInsider) –  North American Palladium Ltd (USA) (NYSEMKT:PAL) is down 17.65% in today’s trading. The stock opened at 1.24 and has a range of 1.05 and 1.23 with volume of 7.16 million. The activity in PAL is high relative to average trading volume of 2.13 million. North American Palladium Ltd (USA) recently released Q1 earnings. According to the earnings report, revenue of $47.1 million and adjusted EBITDA of $7.5 million was recorded. The company invested $38.1 million in capital expenditure for its Lac des Iles (“LDI”) mining operations. Of that amount, $31.7 million was pumped in directly to expanding the mine. Phil du Toit, President and CEO, believes that this latest round of capital expenditure will yield positive results. “There is significant value to be unlocked at LDI, and I am encouraged by LDI’s future cash generation potential,” said Phil du Toit.

PAL is trading 23.56% below its 50-day simple moving average and 22.94% below its 20-day simple moving average. The stock has a target price of 2.14 and a RSI of 25.32 suggesting the stock is oversold at this time.

Is PAL a solid investment at these levels? Get exclusive data and trends here.

Westinghouse Solar Inc. (OTCMKTS:WEST) is trading down 3.03% on volume of 495.08K. The stock has a range of 0.03 and 0.04 and is trading down 94.23% on its 52-week high of 0.52. The stock is oversold at present trading levels and has a RSI of 20.49.

Interest from investors seemed to have cooled since the announcement of a sub-licence granted to CBD Energy Limited for use in Australia. The sub-licence agreement is part of a move to create synergy between the two operations as they move closer towards a merger. Westinghouse announced previously that there’s a pending merger agreement between the two companies awaiting shareholder approval. If successful the merger should be completed by the end of Q3 2013. Solar has been quite an energetic sector in recent months and many analyst see huge gains ahead. WEST, however has been lagging in trading and the stock is down 40.59% on its 50-day simple moving average.

How Should Investors Trade WEST Now? Get exclusive insights and updates here.

 

 

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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