Mississauga, ON -- (SBWIRE) -- 10/10/2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “NovaCopper Narrows Losses in Q3 as Chart Tries to Hold Support.”
Companies mentioned in this article include NovaCopper Inc. (TSX:NCQ) (AMEX:NCQ).
Earnings season is back underway with Alcoa, Inc. releasing its results on Tuesday, surprising analysts with an adjusted profit of 11 cents per share, versus the 5 cents per share that analysts expected. In a typical scenario, the markets likely would have reacted favorably to the Alcoa report, however, as every investor realizes, there is nothing typical going on in the markets at this moment with the U.S. government shutdown and posturing over the debt ceiling and budget.
The nine days of a partial shutdown and ongoing rhetoric in Washington, D.C. has impacted commodities as investors fret over potential long-term impact on the U.S. economy and the manufacturing industry. On those points, investors are looking for bottomed stocks that have been held down under slipping commodity prices, financials that are moving the right direction and technicals that support a decent upside.
NovaCopper Inc. (TSX:NCQ) (AMEX:NCQ) announced on Wednesday its financial results for the third quarter and nine months ended August 31. As with nearly all developmental firms – especially miners – NovaCopper posted a net loss, but cut its net losses on lower general and administrative fees and mineral property expenses. Net loss for the quarter was $6.9 million, or 13 cents per share, compared to $12.6 million, or 27 cents per share, in last year’s third quarter.
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