Lakeway, TX -- (SBWIRE) -- 03/11/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
STR Holdings, Inc. (NYSE:STRI) shares jumped 7.11% and closed at $2.11 in the last trading session. On February 12, 2013, Dr. Uwe Krueger informed STR Holdings, Inc. (the "Company") that he decided not to stand for re-election to its Board of Directors (the "Board") at the Company's 2013 annual meeting of stockholders (the "2013 Annual Meeting").
Dr. Uwe Krueger has served on the Board since August 2010. Dr. Krueger's decision to not stand for re-election did not involve a disagreement with the Company on any matters relating to the Company's operations, policies or practices. Dr. Krueger will cease to be a member of the Board following the election of directors at the 2013 Annual Meeting.
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Metalico, Inc. (NYSEAMEX:MEA) shares gained 3.49% to $1.78. The company, on Mar. 8, announced 2012 sales, net income and earnings per share. The Company posted adjusted net income of $202,000, or virtually breakeven results per share, after adjusting for $19.6 million in non-cash impairment charges to goodwill and other intangibles.
For the year ended December 31, 2012, the Company reported a net loss of $13.1 million, or $.28 per share, on revenues of $574 million. For the prior year, Metalico posted net income of $17.4 million or $.37 per share on revenues of $661 million.
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Vista Gold Corp. (NYSEAMEX:VGZ) shares climbed 6.37% and closed at $2.17. The company, on Mar. 4, announced positive results from the PEA for its Guadalupe de los Reyes gold/silver project in Sinaloa, Mexico. This Preliminary Economic Assessment demonstrates the potential for a small but profitable project with low estimated initial capital requirements. This PEA contemplates mining material within the current identified resource estimate, located in the lower-grade, near-surface stockwork zones.
Additionally, the company, last month, announced that it has completed the initial phase of water treatment at the Mt. Todd mine site in Northern Territory, Australia, and initiated the second phase of the program. Additionally, on February 5, 2013, through its wholly-owned Australian subsidiary, Vista Gold Australia Pty. Ltd., Vista has received authorization from the Northern Territory ("NT") Government to release treated water from the mine site into the Edith River, subject to stringent water quality and environmental standards.
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