Orlando, FL -- (SBWIRE) -- 09/12/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cereplast Inc(PINK:CERP), Prospect Global Resources Inc(NASDAQ:PGRX).
Cereplast Inc(PINK:CERP) shares fell 0.62% to $0.0159. The company on Sept. 4 announced that it received five purchase orders totaling $450,000 from an existing customer in India for Cereplast Compostables(R) blown film resins. Each purchase order totals $90,000 and will be delivered throughout the remainder of 2013. The bioplastic resins will be used for the manufacturing of single-use disposable bags for distribution in the Sri Lankan and Middle Eastern markets.
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Additionally, the company on August 14 announced $1.7 million in net revenues during the first half of 2013 compared to $305,000 for the same period the prior year and $911,000 for all of 2012. Net sales for the six months ended June 30, 2013 were approximately $1.7 million, compared to $0.3 million in the same period in 2012. Net loss for the six months ended June 30, 2013 was $26.8 million, as compared to $6.3 million in the same period in 2012.
Prospect Global Resources Inc(NASDAQ:PGRX) shares fell 0.70% to $4.38. The company on Sept. 4 provide an update on its previously announced in-fill drilling program. As of the date of this announcement, the Company has successfully completed 7 drill holes, three of which were "step-outs" targeted to expand the existing resource base. All four in-fill drilling holes completed during the current campaign have hit visible KR-2 seam potash and two out of the three step-out drill holes hit visible KR-2 seam potash, thus expanding the resource base.
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Additionally, the company on August 7 announce the commencement of the Company's previous announced drilling program. The company is targeting 16 to 17 holes to be drilled in the campaign. The drilling is primarily infill drilling and the holes have been selected to maximize the potential conversion of inferred resources to measured and indicated resources.
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