Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Lakeway, NY -- (SBWIRE) -- 09/23/2013-- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on Eldorado Gold Corp (USA)(NYSE:EGO), FreeSeas Inc. (NASDAQ:FREE), Freeport-McMoRan Copper & Gold Inc.(NYSE:FCX).
Eldorado Gold Corp (USA)(NYSE:EGO) shares dropped 8.98% to $6.89. Paul N. Wright, Chief Executive Officer of Eldorado Gold Corporation, on Sept. 5 provided a progress report on Eldorado's exploration programs for the first half of 2013. To date this year, 106,500 metres of drilling have been completed at exploration programs in China, Turkey, Brazil, Romania, and Greece. Exploration highlights include: Discovery of two high grade zones of mineralization within the Qinlongtan mining license at Tanjianshan, including drillhole intercepts of 45.0m @ 9.04 g/t Au (QD-303), 22.0m @ 9.80 g/t Au (QD-306), 10.9m @ 17.53 g/t Au (QD-300) and 3.0m @ 17.06 g/t Au (QD-301).
Should Investors Buy EGO After Yesterday’s Jump? Find Out Here
FreeSeas Inc. (NASDAQ:FREE) shares gained 5.22% and closed at $0.484. The company on August 5 announced that the previously announced agreement (the "Agreement") among Deutsche Bank Nederland N.V.(the "Bank"), the Company, various wholly-owned subsidiaries of the Company and Hanover Holdings I, LLC (the "Investor") is effective with the deposit of $2,539,657 into an escrow account. The Bank, the Investor and the Company are committed for a smooth execution of the transaction as per terms of the Agreement.
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Freeport-McMoRan Copper & Gold Inc.(NYSE:FCX) shares decreased 2.11% to $33.87. FCX’s stock was upgraded by research analysts at Barclays Capital from a “market weight” rating to an “overweight” rating in a report released on Sept. 9.
Additionally, the company ended force majeure on shipments from the Indonesian copper mine at Grasberg, the world’s second largest, an executive said on Sept. 2. Shipments from Grasberg are at normal levels, Rozik B. Soetjipto, the president-director at the company’s local unit, said in a text message today. Phoenix-based Freeport has yet to formally announce the lifting of the force majeure declared on June 12, which allowed it to miss deliveries following a tunnel accident. Freeport resumed some concentrate shipments in July.
Is FCX A Good Buy After The Recent Price Movement? Find Out Here
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