Kolkata, West Bengal -- (SBWIRE) -- 09/20/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Prospect Global Resources Inc(NASDAQ:PGRX), Alcoa Inc (NYSE:AA).
Prospect Global Resources Inc(NASDAQ:PGRX) shares soared 29.92% to $4.82. Sichuan Chemical Industry Holding (Group) Co., Ltd. ("Sichuan") on Sept. 19 has issued Prospect Global Resources Inc. ("Company" or "Prospect") a Letter of Intent indicating interest in up to a $20 million strategic investment in Prospect to further the development of the Company's Holbrook Project. Prospect and Sichuan Chemical entered into a potash supply agreement in 2012.
Additionally, 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.
Should Investors Buy PGRX After Yesterday’s Jump? Find Out Here
Alcoa Inc (NYSE:AA) shares declined 1.34% to $8.44. For the twelfth year in a row, Alcoa on Sept. 12 has been named to one of the most highly recognized and longest-standing global sustainability indexes, the Dow Jones Sustainability Indexes (DJSI). Alcoa was again recognized as the global aluminum industry sustainability leader and the North American leader in the aluminum sector.
Additionally, the composition of the Dow Jones Industrial Average has no impact on Alcoa's ability to successfully execute our strategy, and the company remain focused on delivering shareholder value. Alcoa continue to grow their value-add businesses and capture growth opportunities in end markets like aerospace and automotive.
How Should Investors Trade AA After The Recent Volatility? Get Free Trend Analysis Here
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