Archive for the ‘Materials Stocks’ Category

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The lithium battery may be out of juice – LEXG, LTUM, AMLM nosedive after huge runs

Friday, April 29th, 2011

Who would think that an OTCBB-listed company could ever a bellwether for other companies in its industry?

That certainly appeared to be the case this week.

Lithium Exploration Group (OTCBB: LEXG) had everyone buzzing about lithium over the past week.

Shares of LEXG opened at $4.05 on Monday, and ran as high as $10.68 on Thursday, according to historical data on Yahoo Finance.  LEXG had a nearly 800 percent run in the past month — fueled by a huge advertising budget and herd mentality. Shares rocketed from $1.20 on March 29, 2011 to a 52-week high of $10.68 a share on Thursday.

Other OTC-listed lithium companies experienced a heavy tailwind, as well.  Lithium Corp. (OTCBB: LTUM), which opened at 19 cents on Wednesday, surged to a high of $1.35 on Thursday, and more than 3.7 million shares of  American Lithium Minerals (OTCBB: AMLM) traded on Thursday. Shares of AMLM were up 120 percent between April 27th and April 28th.

The run-ups came to an abrupt end on Friday.

LEXG plunged more than 50 percent at mid-day. LTUM and AMLM followed suit.

LTUM fell as much 54 percent at mid-day on Friday, and AMLM was down more than 20 percent, according to historical data from Yahoo Finance.

The biggest players in the space include: FMC Corporation (NYSE: FMC), and Rockwood Holdings (NYSE: ROC), neither of which have anywhere near the same volatility as the smaller companies.

On a more positive note, one of the companies featured in our mid-day update from Thursday, Orofino Gold Corp. (ORFG) saw gains of as much as 20 percent on Friday.

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Posted in Industrial Stocks, Materials Stocks, Penny Stocks | No Comments »

TIGE is a tiger, DTRO makes dent, DGNG in the dust

Thursday, January 20th, 2011

Tigrent Inc. (OTCBB: TIGE) zoomed 150 percent higher in price Thursday to 20 cents, making it one of the improvement leaders among micro-caps. Volume for the stock was 29,700 shares, more than double its daily average. TIGE is a provider of educational training seminars, conferences and services across multiple delivery channels that help students become financially literate.

Deltron Inc. (OTCBB: DTRO) bought and sold 57 million shares Thursday, or better than triple its daily average. Its price hike was impressive, too; 54.6 percent to 17-100ths of a cent. DTRO acquires profitable businesses with strong management teams, substantial revenue and established market positions.

Diguang International Development Co. Ltd. (OTCBB: DGNG) capsized 72.7 percent in price to 12 cents. Volume for the stock was 30,000; its usual daily average is around 11,000. Chna-based DGNG is a developer and producer of CCFL and LED backlights for a wide range of TFT-LCD products.

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Posted in Consumer Discretionary Stocks, Materials Stocks, Technology Stocks | No Comments »

DYP surges, LVLT busy in trading, TRIT drops

Monday, November 15th, 2010

Duoyuan Printing Company (NYSE: DYP) picked up 8.15 percent in price late Monday to $2.92. Volume was 1,000,507 shares, trumping its usual volume around 700,000.

Level 3 Communications Inc. (NasdaqGS: LVLT) traded in 43,562,750 shares Monday, compared to its usual trading volume of 30,782,200. LVLT stock gained 2.19 percent to $1.165. LVLT today announced that it has signed an agreement with the National Museum of American Jewish History, a Philadelphia-based museum dedicated to chronicling the American Jewish experience, to provide the museum with dedicated Internet access (DIA) service in support of the museum’s new interactive digital exhibits and online content.

Tri-Tech Holding. Inc. (NasdaqGS: TRIT) took a tumble of 23.19 percent in price late Monday to $9.77. Volume in TRIT was 568,717 shares, or about seven times its normal daily average. The Chinese company that provides leading turn-key solutions for water resources, water and wastewater treatment, industrial safety and the pollution control markets, announced today that revenue for the third fiscal quarter ended September 30, 2010increased 244% to $16.9 million from $4.9 million in Q3 2009. Net income for the quarter was $2.2 million, or a 109% improvement over net income of $1.1 million in Q3 2009.

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UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

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Alcoa, Inc. (AA) – Buzz Stock of the Day

Thursday, October 7th, 2010

Alcoa, Inc. (NYSE: AA), the largest U.S. aluminum increased its outlook for global aluminum demand as markets appear to be strengthening, sending its shares up more than 3 percent in after-hours trading on Thursday.

Alcoa increased its 2010 global aluminum consumption forecast to 13 percent from 12 percent, and noted growing demand for the metal in the BRIC nations (Brazil, Russia, India, and China), among others.

Alcoa boasted third quarter profit of $61 million, or 6 cents per share, compared with $77 million or 8 cents per share in the same quarter last year, citing a drop in the price of aluminum and a weaker dollar. Revenue in the quarter rose 15 percent to $5.3 billion on higher volumes in aerospace and increased market share in the building and construction market.
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Analysts on average were expecting earnings of 5 cents per share, according to Thomson Reuters I/B/E/S.

Analyst Charles Bradford of Affiliated Research Group in New York, told Reuters that the results were better than expected because of cost reductions. “But the metal’s price was pretty obvious. The fourth-quarter metals price ought to be a fair bit better,” he told the news agency.

“One thing that’s important to note, even though the aluminum price has gone up in the last weeks, you typically have lag time until it hits our bottom line, which is typically two weeks,” Alcoa CEO, Klaus Kleinfeld said in an interview with Maria Bartiromo. “We didn’t get much — actually almost nothing of that increase into the third quarter. You would see that coming through in the fourth quarter.”

Watch the full interview below:

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