News / Finance
Top Movers in The Basic Materials Sector (NEP, GORO, LEI, KRA)
Top Movers in The Basic Materials Sector
China North East Petroleum Hldng Ltd. (AMEX:NEP) continued to its weekly gains and jumped
11.56% to $7.14 with over 1.07 million shares, compared to its average volume
of 413K shares.
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The stock has jumped over 52% in the past one week
and over 238% in the past one month.
Recently, The company said that its oilfield
services subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd.
(“Tiancheng”), has reached a contract with Beijing Junlun Runzhong Technology
Co. Ltd. (“JLRZ”) to drill 100 new wells in JLRZ’s oilfield in Inner Mongolia.
Gold Resource Corporation (AMEX:GORO) continued to
gain and soared 9% to close at $20.70 after climbing to its all time high of
$21.30.
Over the past oen week, the stock has gained over
15% after it reported favorable results of the last infill hole, BC10-11, at
the Bonanza Ledge deposit on Barkerville Mountain in central British Columbia.
Lucas Energy, Inc. (AMEX:LEI) surged 7.61% to $2.12
with over 681K shares – over 4X its average volum of 149K shares.
Over the past one week, the stock has soared over
31% on on the news the Hagen EF No.1H well in Gonzales County, Texas has been
permitted by Hilcorp Energy Company.
Hilcorp is the joint venture partner with Lucas in
the well, which Lucas has a 15 percent carried (no capital cost) working
interest in.
Kraton Performance Polymers Inc (NYSE:KRA) climbed
4.80% to $29.04 with over 926K shares – over 2X its average volume of 410K
shares.
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After hours, the company announced the closing of
the secondary public offering of 8,000,000 shares of its common stock held by
affiliates of TPG Capital, L.P. and J.P. Morgan Partners, LLC on September 29,
2010.
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