Las Vegas, NV -- (SBWIRE) -- 08/17/2013 -- Value Stock Pick is a leading Investment Newsletter. Our Research Team conducts research on different stocks, doing their due diligence to provide a detailed report, including both technical and fundamental analysis, on NYSE, NASDAQ, AMEX, OTCBB and Pink Sheet Stocks. Let’s have a brief look at: Ring Energy Inc (OTCMKTS:RNGE), Xhibit Corp (OTCBB:XBTC), Infinity Energy Resources Inc. (OTCMKTS:IFNY), Pershing Gold Corp (OTCMKTS:PGLC)
Ring Energy Inc (OTCMKTS:RNGE) gained 3.22%, trading on 16,625 shares, to end the trade at $13.80. The stock changed hands in a range of $13.50 to $15.00, bringing its market capitalization to about $245.66 million. If we look at its trading history of the past 52 weeks, the share price suffered a low of $5.68 and was moved to the maximum level of $15.00. Ring Energy, Inc. is a development-stage company. On September 28, 2011, the Company entered into a Letter of Intent (LOI) with Stanford Energy, Inc. (Stanford Energy) and two of its shareholders to acquire all of the interest in Stanford Energy. The LOI expired on January 15, 2012. On March 1, 2012, the Company entered into a letter agreement with Patriot Royalty & Land, LLC to purchase a 100% working interest, with a corresponding 75% net revenue interest in leases contain approximately 161.4 acres located in Andrews County, Texas. As of December 31, 2011, the Company had no operations.
Why Should Investors Buy RNGE After The Recent Gain? Just Go Here and Find Out
Xhibit Corp (OTCBB:XBTC) declined -4.85%, to complete the trading session at $1.57, with a total volume of 139,715 shares. The stock, on average, trades on a volume of 50,651shares. It floated in a range of $1.44 to $1.95 during the last trading session, with a beta value of -3.45. Its market capitalization now moved to about $175.66 million. In the past 52 weeks, the share price has not declined below $0.90 and above $10.01. Xhibit Corp., an online marketing and digital advertising company, provides targeted and measurable online advertising campaigns and programs for a base of advertisers and advertising agency customers in the United States.
Has XBTC Found The Bottom and Ready To Move Up? Find Out Here
Infinity Energy Resources Inc. (OTCMKTS:IFNY) added 3.88% and was in a range of $3.55-$3.52 before closing at $3.48. The stock completed the day with a total volume of 64,562shares, versus an average volume of 52,599 shares. The share price hit its 52-week low of $1.17 and $3.52 was the best price. Infinity Energy Resources, Inc., an independent energy company, engages in the acquisition, exploration, and development of natural gas, condensate, and crude oil properties in the United States.
What was the Moving Force behind IFNY on Bullish Run? Read This Research Report
Pershing Gold Corp (OTCMKTS:PGLC) declined -0.83% yesterday, bringing its market capitalization around $97.57 million. The share price, after opening at $0.37, made a high of $0.37 and hovered above $0.35 to end the day at $0.357. The total number of shares that changed hands during the session was 610,736 shares, as compared to average trading volume of 400,290 shares. Pershing Gold Corporation (PGLC) announced that it has raised approximately $9.0 million through the sale of Series E Convertible Preferred Stock and warrants pursuant to subscription agreements with certain accredited investors.
Has PGLC Found The Bottom And Ready To Gain Momentum? Find Out Here
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