Rochester, NY 9/1/2009 11:27:47 AM
China Shen Zhou Mining & Resources, Inc.,SHZ, Down by 2.60% During After-Market Trading
China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc., a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced its financial results for the quarter ended June 30, 2009.
Net revenues for the quarter ended June 30, 2009 were $0.73 million, representing a $0.45 million or 38% decrease as compared to the same period of 2008. The decrease in net revenues is mainly because (i) Qianzhen Mining ceased its zinc processing operation because of a shortage of ore supplies, and (ii) Xingzhen just restarted production in June 2009 and had very low revenue in the second quarter of 2009. Xingzhen Mining will have normal production/sales in the third quarter of 2009.
Whisperfromwallstreet.com is a FREE award winning newsletter dedicated to uncovering stocks that are about to move. Please click here to join now.
Last Trade: 1.45
Day's Range: 1.39 - 1.45
52wk Range: 0.18 - 2.43
Change: Up 0.05 (3.57%)
Volume: 34,450
Avg Vol (3m): 112,058
ABOUT China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc., through its subsidiaries, engages in the exploration, development, mining, and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the People's Republic of China. Its principal areas of interests include fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia; zinc/copper/lead exploration, mining, and processing in Wulatehouqi of Inner Mongolia; and zinc/copper exploration, mining, and processing in Xinjiang. The company also holds interest in a copper-gold mine located in the Kuru-Tegerek region of western Kyrgyzstan.
ABOUT WhisperFromWallStreet.com
WhisperFromWallStreet.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
WhisperFromWallStreet.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://WhisperFromWallStreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
