Boston, MA -- (SBWIRE) -- 08/27/2013 -- 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: (Nuverra Environmental Solutions Inc (NYSE:NES), MannKind Corporation(NASDAQ:MNKD), Alpha Natural Resources, Inc. (NYSE:ANR), American Equity Investment Life Holding (NYSE:AEL)
Nuverra Environmental Solutions Inc (NYSE:NES) stock decreased 11.76% to $2.40. The company on August 8 announced financial results for the second quarter ended June 30, 2013. Revenues for the second quarter of 2013 were $165.5 million.Net loss was $(12.8) million in the second quarter of 2013.
Looking forward, the Company expects second half 2013 revenues to be between $350 and $400 million, second half 2013 adjusted EBITDA to be between $75 and $85 million and second half 2013 capital expenditures of $25 to $30 million.
Is NES A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
MannKind Corporation(NASDAQ:MNKD) shares jumped 4.71% to $5.78. The company on August 14 announced positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA® (insulin human [rDNA origin]) Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company on August 9 reported financial results for the second quarter ended June 30, 2013. The net loss for the second quarter of 2013 was $46.1 million, or $0.16 per share, as compared with a net loss applicable to common stockholders of $36.6 million, or $0.23 per share based on 159.9 million.
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Alpha Natural Resources, Inc. (NYSE:ANR) shares increased 1.74% to $6.45. The company on August 19 announced the recommencement of longwall operations at its Cumberland underground mine in Greene County, Pa. The mine owned by the company's business wing, Cumberland Coal Resources LP, was temporarily shut down since Jul 15, 2013.
Additionally, the company on August 15 announced that subsidiary Cumberland Coal Resources LP has mitigated adverse geological conditions in the headgate area of its Cumberland underground longwall mine in Greene County, Pa.
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American Equity Investment Life Holding (NYSE:AEL) shares dropped 2.17% and closed at $19.41. The company on August 23 announced that it intends to commence exchange offers to purchase for cash and, in certain circumstances, newly issued shares of its common stock, any and all of its $200,000,000 principal amount of outstanding 3.50% Convertible Senior Notes due 2015 (the "2015 Notes") and any and all of its $115,839,000 principal amount of outstanding 5.25% Contingent Convertible Senior Notes due 2029. These exchange offers are being made upon the terms and subject to the conditions set forth in the Company's Preliminary Prospectuses, dated August 23, 2013, and the related Letters of Transmittal.
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