Orlando, FL -- (SBWIRE) -- 08/16/2013 -- 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 Novavax, Inc. (NASDAQ:NVAX), Hecla Mining Company (NYSE:HL).
Novavax, Inc. (NASDAQ:NVAX) shares gained 7.57% to $2.70 in the last trading session. The company on August 8 announced its financial results for the second quarter and six months ended June 30, 2013. The company reported a net loss of $12.6 million, or $0.08 per share, for the second quarter of 2013, compared to a net loss of $5.9 million, or $0.05 per share, for the second quarter of 2012. Novavax had revenue in the second quarter of 2013 of $3.5 million as compared to $7.1 million for the same period in 2012.
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Additionally, Equities research analysts at Lazard Capital Markets boosted their target price on shares of Novavax from $4.00 to $11.00 in a research note issued to investors on August 15. Lazard Capital Markets’ price target would suggest a potential upside of 338.25% from the stock’s previous close.
Hecla Mining Company(NYSE:HL) shares gained 5.92% to $3.76 in the previous trading session. The on August 8 announced a second quarter net loss applicable to common shareholders of $25.0 million, or $0.08 per basic share, and a loss after adjustments applicable to common shareholders of $10.2 million, or $0.03 per basic share. Second quarter silver production was 2.2 million ounces at a Total Cash Cost, Net of By-product Credits, per Silver Ounce of $5.56.
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Additionally, the company on August 9 said it has started to hedge its precious metal shipments after a drastic fall in spot prices pushed the company to report a surprise loss. The company said it sold 40 percent of its silver production of 2.2 million ounces only in June and at prices much below the average price for the quarter.
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