Boston, MA -- (SBWIRE) -- 08/28/2013 -- 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), Hi-Tech Pharmacal Co. (NASDAQ:HITK), Molycorp Inc(NYSE:MCP), Magnum Hunter Resources Corp (NYSE:MHR)
Nuverra Environmental Solutions Inc (NYSE:NES) stock decreased 7.50% to $2.22. 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.
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Hi-Tech Pharmacal Co. (NASDAQ:HITK) shares climbed 22.10% to $42.99. Akorn Inc will buy rival Hi-Tech Pharmacal Co Inc for $640 million to expand its eye drug portfolio to oral liquids and ointments. Akorn will pay $43.50 per Hi-Tech share. The all-cash deal will make Akorn the third-largest U.S. generic ophthalmic player and will significantly increase its retail presence in both prescription and over-the-counter products, the companies said in a statement on August 27. The acquisition will also add branded OTC products in the categories of cough & cold, nasals, and topicals to Akorn`s existing TheraTears brand of eye care products.
How Should Investors Trade HITK After The Recent Volatility? Get Free Report Here
Molycorp Inc(NYSE:MCP) shares decreased 3.89% to $6.17. Bernstein Liebhard LLP on August 20 announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of all those who purchased securities of Molycorp, Inc. (NYSE: MCP) ("Molycorp" or the "Company") between August 2, 2012 and August 7, 2013, inclusive.
Additionally, the company on August 8 announced financial and operating results for the second quarter of 2013. The Company reported a net loss of $0.36 per share for the quarter on an adjusted non-GAAP basis. The Company reported consolidated net revenues of $136.9 million during the second quarter of 2013, a 6% decrease over the first quarter of 2013.
Is MCP A Good Buy After The Recent Price Movement? Find Out Here
Magnum Hunter Resources Corp (NYSE:MHR) shares closed at $4.72. The company on August 26 announced that its Board of Directors has declared a dividend in the form of warrants to purchase shares of the Company's common stock at $8.50 per share. The warrants will be issued on October 15, 2013 to shareholders of record on September 16, 2013. Each shareholder of the Company's common stock will receive one warrant for every ten shares owned as of the record date.
Is MHR A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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