According to Alderon Iron Ore Corp. Ordinary Shares (Canada) (NYSEMKT:AXX)’s statements, the Kami Mine Limited Partnership, which is an affiliate of the company, has successfully completed all the engineering requirements of Kami Iron Ore Project, and it is now ready to embark upon the task of constructing and completing the project, which is sited near Western Labrador. However, the construction is put on hold until the directors of Alderon sanction the project and finance plan. The company’s shares, on the last trading day, closed at $1.21 with an increase of 4.31%. The price range was $1.15 to $1.46.
For the month of June, a growth in the short interest of Ur-Energy Inc. (USA) (NYSE:URG) recently was recorded on June 24, 2014. According to the reports submitted by RN, a financial analyst company, the Ur-Energy Inc. (USA) (NYSE:URG)’s short interest was increased from 8,475,006 shares to 9,976,819 during the time period of May 30th to June 13th, 2014. Moreover, 8.6 percent of the company’s stocks have been sold short. The Days-to-Cover Ratio of the company is currently 10.2 days; this ratio is based on 979,457 shares’ average trading volume. As far as the closing price of the company’s shares are concerned, the company was able to close them at $1.14, with the highest price hitting $1.15 and the lowest one touching $1.07. Moreover, the company’s gross profit was recorded to be at 76.80%.
USEC Inc. (NYSE:USU), on June 27, 2014, through Amendment no. 003 in the previous contract, agreed to let UT-Battelle act as the operator and administrator of Oak Ridge National Laboratory. Both the companies had signed an agreement on 1st of May, 2014, whereby UT-Battelle was assigned the tasks of demonstration, research and development of the American Centrifuge technology keeping in view the national security purposes of U.S. Department of Energy.
The share price of USEC Inc. (NYSE:USU) increased by 9.78% and reached the closing value of $3.03 per share. Moreover, the company was able to trade a total of 111,400 shares with a market capitalization of 14.99 million; approximately 2.70% of the company’s shares were bought by insiders. As far as the quarterly and year to date performance of the company is concerned, it was recorded to be at -24.63% and -54.23% respectively.
Coming to Golden Minerals Co (NYSEMKT:AUMN), the company, on June 18, announced that it will restart mining activities in the company’s Velardena Properties, Durango. According to the company, the mining of sulfide ore will reach a value of 285 tonnes a day by the mid of 2015. Moreover, the silver and gold output will reach around 1.0 to 1.2 million ounces an annum, excluding the zinc and lead production. The company estimated costs to be around $12 to $15 / silver ounce.
Golden Minerals Co (NYSEMKT:AUMN) shares were opened on Monday at the price of $1.02 whereas they were closed at a value of $1.15. As far as the growth in company’s EPS is concerned, it is reported to be at -129 percent, with the Beta of 2.10. Whereas, the next year’s EPS figures are predicted to reach the value of 53.70%.
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