Stocks Under $2: Quicksilver, Inc.(NYSE:ZQK), Molycorp Inc(NYSE:MCP), and Curry Gold Corp.(OTCBB:VOIL)
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Quicksilver, Inc.(NYSE:ZQK) lost $0.70 during Friday’s trading, a 24.73% decrease in value that left the stock at a closing price of $2.13. The stock traded for as little as $1.88 during the day, a new 52 week low for the California-based branded apparel company. On Sept. 4th, Quicksilver, Inc.(NYSE:ZQK) announced its fiscal third quarter financial results. The figures included a $92 million revenue loss from the same period during the previous fiscal year.
Molycorp Inc(NYSE:MCP) suffered a 5.23% decrease in value on Friday as the stock lost $0.09 to fall to a new closing price of $1.63. The Colorado-based company also traded for as little as $1.61 during the day, a new 52 week low. Molycorp Inc(NYSEM:MCP) currently has a bid price of $1.64 x 2,500 and an offer price of $1.71 x 1,800. The company has a market capitalization of $421.01 million and 244.77 million tradeable shares.
Curry Gold Corp.(OTCBB:VOIL) gained three cents to move to a new closing price of $1.53, a 2.% increase in value from the closing price recorded on Sept. 4th. The company, which is now known as Virtus Oil and Gas, has traded within a range of $0.55 to $1.74 over the past 52 weeks. Curry Gold Corp.(OTCBB:VOIL) announced that its 47 miles of 2D seismic data is currently being reprocessed using advanced software.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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