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: (Organovo Holdings Inc (NYSEMKT:ONVO), McEwen Mining Inc(NYSE:MUX), Marlin Business Services Corp. (NASDAQ:MRLN), IAMGOLD Corporation (USA)(NYSE:IAG)
Organovo Holdings Inc (NYSEMKT:ONVO) stock fell 6.94% to $4.96. The company announced that Keith Murphy, CEO, was scheduled to present at RetailInvestorConferences.com. on September 12, 2013 at 11:00 AM EDT.
Additionally, the company on August 12 reported on its financial results for the three-month period ended June 30, 2013. For the three months ended June 30, 2013, total revenues were approximately $0.1 million were $0.2 million or 67% below the approximately $0.3 million in revenues for the same period in 2012. The Company also had negative cash flow from operations of $2.7 million during the three months ended June 30, 2013, with end-of-period cash and cash equivalents of approximately $12.8 million and an accumulated deficit of $70.1 million.
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McEwen Mining Inc(NYSE:MUX) shares decreased 6.87% to $2.44. The company on Sept. 9 announce that it has strengthened its management team with the recent hiring of Craig Stanley as Vice President - Corporate Development. Craig joins McEwen Mining from Stifel Nicolaus Canada where he served as Vice President. During his time at Stifel Nicolaus, he was a sell-side analyst focused on companies involved in the exploration, development and mining of precious metals resources with market capitalizations ranging from $20 million to $1 billion.
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Marlin Business Services Corp. (NASDAQ:MRLN) shares jumped 0.64% and closed at $24.99 in the last trading session. The company on Sept. 12 announced that it has hired Bryce S. Ray as Chief Lending Officer of Marlin Business Bank, a wholly owned subsidiary. Ray will be based at the bank's headquarters in Utah, reporting directly to Raymond Dardano, President of Marlin Business Bank. Ray's responsibilities will include portfolio management and further expanding Marlin's credit underwriting services and capabilities.
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IAMGOLD Corporation (USA)(NYSE:IAG) shares decreased 6.83% to $5.18. The company on August 12 reported its unaudited consolidated financial and operating results for the second quarter ending June 30, 2013. Revenues for the second quarter 2013 were $301.1 million, down $63.4 million from the same prior year period. Adjusted net earnings attributable to equity holders for the second quarter 2013 were $30.2 million ($0.08 per share) compared to $75.3 million ($0.20 per share) for the same prior year period. Net losses attributable to equity holders for the second quarter 2013 were $28.4 million ($0.08 per share), compared to net earnings of $52.9 million ($0.14 per share) in the second quarter 2012.
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