Boston, MA -- (SBWIRE) -- 08/15/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (GT Advanced Technologies Inc(NASDAQ:GTAT), Halcon Resources Corp(NYSE:HK), Harmony Gold Mining Co. (ADR) (NYSE:HMY), ARMOUR Residential REIT, Inc.(NYSE:ARR)
GT Advanced Technologies Inc(NASDAQ:GTAT) shares increased 1.05% to $5.80. The company on August 5 reported results for the second quarter of fiscal year 2013, which ended June 29, 2013. Revenue for the second quarter came in at $168.3 million including $150.7 million in polysilicon, $11.4 million in photovoltaic (PV), and $6.2 million in sapphire. Non-GAAP net income was $18.1 million in the second quarter, compared to a non-GAAP net loss of $8.9 million in the first quarter and non-GAAP net income of $19.3 million for the second quarter of calendar 2012.
Is GTAT A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Halcon Resources Corp(NYSE:HK) shares dropped 2.39% to $5.30. The company on August 8 announced that it has priced an underwritten public offering of 38,000,000 shares of its common stock at a price of $5.10 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 shares of common stock. The offering is expected to settle and close on August 13, 2013, subject to customary closing conditions.
Is HK A Good Buy After The Recent Price Movement? Find Out Here
Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares gained 9.81% and closed at $4.14. The Board of Harmony Gold Mining Company Limited ("Harmony") on May 6 announced the appointment of Karabo Nondumo as Director of the Company, effective 3 May 2013. The company is engaged in conducting underground and surface gold mining and related activities, including exploration, processing and smelting.
How Should Investors Trade HMY After The Recent Volatility? Get Free Report Here
ARMOUR Residential REIT, Inc.(NYSE:ARR) shares fell 0.23% and closed at $4.38. The company on August 7 announced that, on August 5, 2013, the Company received a letter from the New York Stock Exchange ("NYSE") notifying the Company that it is deficient in meeting Section 303A.01 of the NYSE Listed Company Manual, which requires a majority of independent directors on the board of directors. The Company is deficient in meeting this standard as a result of Jordan Zimmerman's resignation as a director of the Company, effective August 2, 2013. Mr. Zimmerman had no disagreements with the Company on any matter relating to the Company's operations, policies or practices.
How Should Investors Trade ARR After The Recent Volatility? Get Free Report Here
Here at Winston we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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