Watch the Weekly Trend (PGRX, SATC, GGR, OSG)

New York, NY -- (SBWIRE) -- 10/22/2012 -- Prospect Global Resources (NASDAQ: PGRX) had its target price raised by Dahlman Rose from $5.00 to $9.00 in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.Separately, analysts at Sterne Agee initiated coverage on shares of Prospect Global Resources in a research note to investors on Thursday, July 26th. They set a buy rating and a $5.00 price target on the stock.Prospect Global Resources opened at 2.88 on Monday. Prospect Global Resources has a 1-year low of $1.77 and a 1-year high of $10.50. The company’s market cap is $159.2 million. Prospect Global Resources Inc. (PGRX) signed a $2 billion supply deal with China’s Sichuan Chemical Industry Holding Group in one of the largest U.S. potash export contracts that may help it secure project financing.

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Satcon Technology Corporation (NASDAQ:SATC) is a clean energy technology provider of utility-grade power conversion solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic (PV) markets. Shares of SatCon Technology (NCM: SATC) are trading at $0.3576 and is -62.21% of its 50-day Moving Average price of $0.9463 and -81.25% from its 200-day Moving Average price of $1.9075. The average trading volume is 437868 shares and its market capitalization is $6.4M.

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GeoGlobal Resources Inc. ("GeoGlobal" or the "Company") (nyse mkt:GGR) GGR -30.77% today announced that the Sara-1 exploration well has reached a final Total Vertical Depth Subsea of 3,928 meters. Based on the cutting samples and logging performed during the drilling, the Company encountered approximately 98 meters of high quality reservoir sands in the lower Miocene / upper Oligocene which had good porosity and permeability. Although there were indications that gas has migrated through the system, the sands are wet with no commercial quantities of hydrocarbons present.GGR is -0.0343 - -30.68% from the previous close of $0.1118. It traded between $0.0732 - 0.1099 with total traded volume of 2153550 shares. At Current Market Price, GGR is in distance of -38.91% from its 50-day Moving Average price of $0.1269 and -63.17% from its 200-day Moving Average price of $0.2104.

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Overseas Shipholding (NYSE:OSG) warned it is evaluating strategic options, including a potential voluntary filing for Chapter 11 bankruptcy protection, while certain previously issued financial statements shouldn't be relied on, as the company is in the process of reviewing a tax issue. The U.S. tanker company said it is negotiating with its bank creditors. Overseas Shiphold (NYSE:OSG) is -2.045 - -62.92% from the previous close of $3.25. It traded between $1.02 - 1.56 with total traded volume of 9387008 shares. Keep a close eye on OSG, as the stock has been showing unusual moves over the past weeks. At Current market price, OSG has recovered -61.50% from its 52-week Low of 3.13 and has Pulled back -92.05% from its 52-week high of 15.16.

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