Small Caps Trading Up: Uranerz Energy Corp. (NYSEMKT:URZ), Accuray Incorporated (NASDAQ:ARAY)
Northern, WI 05/08/2013 (GDPInsider) – Uranerz Energy Corp. (NYSEMKT:URZ) is up 11.56% after starting the day at 1.20. The stock has a range of 1.18 and 1.41 and volume is 834.38K—nearly three times the average volume of 309.23K.
Uranerz is a uranium company which is heavily focused on production and commercial recovery. The company recently got a shot in the arm after it was announced that its loan application for $20 million has received support from the Wyoming Business Council. The application was made under the Wyoming Industrial Development Revenue Bond Program and so far the State Treasurer, Governor and Attorney General have rallied behind Uranerz.
There have been some developments in the company’s operations too. Uranerz announced recently that it is busy completion of a processing facility for its operations at Nichols Ranch. Investors have all taken these developments as a good sign and the stock is now up 13.69% on its 50-day simple moving average. Analysts have set a target price of 2.62 and the stock has a RSI of 67.61.
Is URZ a solid investment at these levels? Get exclusive data and trends here.
Accuray Incorporated (NASDAQ:ARAY) opened trading at 5.02 having closed previously at 4.99. The stock is up 9.78% on volume of 2.55 million and has a range of 4.86 and 5.15. ARAY is trading 32.93% below its 52-week high of 7.44 and up 32.71% on its 52-week low of 3.76.
Accuray Incorporated is a United States based company which specializes in image-guided radio surgery devices. The company recently released earnings for the fiscal quarter ending March 31, 2013. The results were not what Wall Street expected and Accuray reported an adjusted EPS loss of $0.37—Wall Street had estimated loss of $-0.22. Revenues slumped 30.71% to $70.55 million.
Management was upbeat despite the shortfall in expectations and the company’s president and CEO, Joshua Levine expressed in sentiments as such. “I am encouraged by the noticeable improvement in new order volume during the third quarter and the positive reception for our new products,” Levine.
ARAY is currently up 11.08% on its 50-day simple moving average and the stock has a RSI of 68.41 with a 7.60 target price.
Should Investors Trade ARAY Now? Get exclusive insights and updates here.
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