Stocks To Avoid: Wet Seal Inc(WTSL), Allied Nevada Gold Corp.(ANV) and EXCO Resources Inc(XCO)
New York, NY – GDP INSIDER – 01/26/2015.
This article discusses three companies: Wet Seal Inc(NASDAQ:WTSL), Allied Nevada Gold Corp.(NYSEMKT:ANV) and EXCO Resources Inc(NYSE:XCO)
Wet Seal Inc(NASDAQ:WTSL) currently stands at a weekly performance of -57.62%, monthly performance of -57.62%, quarterly performance of -92.30% and an year-to-date performance of -43.50%. Not only that but the company also has a poor earnings per share of $-1.21, which could easily scare off potential investors. Wet Seal Inc had a trading volume of 3.56 million during Friday’s trading, which is lower than its 3-month average trading volume of 4.17 million. The stock closed its Friday’s trading at a new 52-week low of $0.03, a 6.09% loss in value.
Allied Nevada Gold Corp.(NYSEMKT:ANV) released its full year preliminary production and sales results for 2014, according to which the gold production jumped 10.7% to 214,000 oz. in 2014 compared with 191,000 oz in 2013, while silver production surged 104% to 1.82 million oz. from 0.88 million oz. The stock fell 8.73% during Friday’s trading session and closed its day at a new closing price of $1.15. This mark places the stock 59.72% above its 52-week high of $0.72 and -82.94% below its 52-week high of $6.70. Analysts at HC Wainright hold a buy rating on the shares of Allied Nevada Gold Corp.
EXCO Resources Inc(NYSE:XCO) traded within a range of $1.78 to $1.94 after opening the day at $1.90 and slid 5.13% to close its trading session on Friday at a new closing price of $1.85. The $506.50 million market cap company had a trading volume of 3.60 million, which is lower than its 30-day average trading volume of 3.97 million. Not only that, but the company also has a poor earnings per share (ttm) of $-0.43, which could scare off potential investors. Simply put, EXCO Resources Inc is on the decline.
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