Boston, MA -- (SBWIRE) -- 08/29/2013 -- 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: (Cirrus Logic, Inc.(NASDAQ:CRUS), MannKind Corporation(NASDAQ:MNKD), Alpha Natural Resources, Inc. (NYSE:ANR), Arch Coal Inc (NYSE:ACI)
Cirrus Logic, Inc.(NASDAQ:CRUS) shares jumped 8.98% to $22.34. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
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MannKind Corporation(NASDAQ:MNKD) shares declined 1.69% to $5.82. The company on August 14 reported positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company on August 9 reported financial results for the second quarter ended June 30, 2013. The net loss for the second quarter of 2013 was $46.1 million, or $0.16 per share, as compared with a net loss of $36.6 million, or $0.23 per share based on 159.9 million.
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Alpha Natural Resources, Inc. (NYSE:ANR) shares increased 0.98% to $6.21. The company on August 19 reported the recommencement of longwall operations at its Cumberland underground mine in Greene County, Pa. The mine owned by the company's business wing, Cumberland Coal Resources LP, was temporarily shut down since Jul 15, 2013.
Additionally, the company on August 15 announced that subsidiary Cumberland Coal Resources LP has mitigated adverse geological conditions in the headgate area of its Cumberland underground longwall mine in Greene County, Pa.
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Arch Coal Inc (NYSE:ACI) shares climbed 1.74% to $4.67. The company on August 19 announced that it has completed the sale of its subsidiary, Canyon Fuel Company, LLC ("Canyon Fuel") to Bowie Resources, LLC for $423 million in cash, which is inclusive of working capital adjustments.
Additionally, the company will begin trading ex-dividend on August 28, 2013. A cash dividend payment of $0.03 per share is scheduled to be paid on September 13, 2013. Shareholders who purchased ACI stock prior to the ex-dividend date are eligible for the cash dividend payment.
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