Boston, MA -- (SBWIRE) -- 09/13/2013 -- 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: (Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), II-VI, Inc. (NASDAQ:IIVI), Silvercorp Metals Inc. (USA) (NYSE:SVM), Donegal Group Inc. (NASDAQ:DGICB)
Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) shares decreased 7.90% to $7.11. The company, on August 7 reports consolidated financial results for the second quarter ended June 30, 2013 and other corporate activities. During the second quarter of 2013, 365,000 tonnes of ore were milled, compared to 396,000 tonnes in the first quarter of 2013. Cash costs, which include cost of inventory, treatment and refining costs, and by-product credits, were $13.03 per payable ounce of silver sold in the second quarter of 2013 compared to $13.58 per payable ounce of silver sold in the first quarter of 2013 and $16.54 per payable ounce of silver sold in the second quarter of 2012.
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II-VI, Inc. (NASDAQ:IIVI) shares fell 7.85% to $19.01. The company on Sept. 12 said it has acquired the Zurich, Switzerland-based semiconductor laser business (the "Business") of Oclaro, Inc. (Nasdaq: OCLR) in a transaction valued at $115 million.
The acquisition provides II-VI with semiconductor laser technology used in industry-leading laser system products including fiber lasers and direct diode lasers for material processing, medical, consumer and fiber optic communication applications. The gallium arsenide semiconductor laser business was originated by IBM Zurich and was integrated with the gallium arsenide semiconductor laser assets in Tucson, Arizona acquired from Newport Spectra-Physics in 2009. II-VI will operate the Business as II-VI Laser Enterprise GmbH.
How Should Investors Trade IIVI After The Recent Volatility? Get Free Report Here
Silvercorp Metals Inc. (USA) (NYSE:SVM) shares declined 7.65% to $3.38. The company, on Sept. 12, provides a production update for the Ying Mining District.
In light of the significant decline in precious metal prices over the last several months, as previously announced the company has been reviewing its operations to identify any potential cost saving measures to better adapt to the new price environment. One of the review's key findings is that dilutive practices of mining contractors for ore production at Ying Mining District has contributed to head grade decline as reported in the previous two quarterly financial reports.
Is SVM A Good Buy After The Recent Price Movement? Find Out Here
Donegal Group Inc. (NASDAQ:DGICB) shares declined 7.58% to $18.15. The company announced that the Company will participate in the Keefe, Bruyette & Woods 2013 Insurance Conference. Donald H. Nikolaus, President and Chief Executive Officer, and Jeffrey D. Miller, Senior Vice President and Chief Financial Officer, are scheduled to present on September 25, 2013 at 3:40 p.m. (Eastern).
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