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Gold American Mining Corp. (OTCBB: SILA) $0.94. Today announced that Cohen Independent Research Group, Inc., the Investor Awareness Industry's Research Firm of Choice, in a new report, has upgraded its Cohen Price Target on the Company from $3.16 to $3.31.
The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the DCF valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.
What They Do: Gold American Mining Corp. is a publicly traded (OTC.BB: SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
Delta Petroleum Corporation (Nasdaq: DPTR) $0.80. Today announced that it has closed on its previously announced transaction with Wapiti Oil & Gas, L.L.C. ("Wapiti") to sell various non-core assets. Of the $130 million purchase price, $112 million was received by the Company at closing and used to reduce bank debt and to pay transaction costs. The remaining $18 million will be held in escrow until third party consents are obtained for the assignment of the Company's working interest in certain properties that were a part of the transaction. The Company anticipates receiving the consents and escrowed funds by the end of August.
What They Do: Delta Petroleum Corporation is an oil and gas exploration and development company based in Denver, Colorado. The Company's core areas of operations are in the Rocky Mountain region, where the majority of its operated properties and long-term growth prospects are located.
Advanced Environmental Recycling Technologies (OTCBB: AERT) $0.39. Today announced that sales for the quarter ended June 30, 2010 were $23.2 million, up 5% from $22.1 million for the second quarter of 2009. Increased MoistureShield distribution and acceptance of new products contributed to the sales growth. Second quarter gross margin improved 2.4 percentage points for 2010 over 2009 as tight cost control continued. Selling and administrative costs for the quarter increased by $0.5 million or 1.3 percentage points of sales primarily due to increased promotional expenses.
The company recorded operating income of $2.5 million, a $0.3 million improvement over the quarter ended June 30, 2009. Last year a $0.3 million reversal of a late registration fee was recorded, increasing net income to $1.3 million, the same as the net income for the quarter ended June 30, 2010.
What They Do: Since 1989, AERT has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials.
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