EdgeWater 10/25/2010 9:46:07 PM
News / Business

Small Cap Basic Material Stock Movers (KOG, NXG, REE, ATPG)

Small Cap Basic Material Stock Movers

Kodiak Oil & Gas Corp. (AMEX:KOG) soared 7.30% to $4.26. Earlier this month, Credit Suisse initiated its coverage on the company with an Outperform rating and a price target of $4.50.

The stock has a 52-week range of $2.03-$4.42. The stock went up more than 94% year-to-date. The stock created its fresh 52-week high of $4.42.

Northgate Minerals Corporation (USA) (AMEX:NXG) jumped 1.45% to $2.80 on about 3.31 million shares. Northgate Minerals Corporation is a Canada-based gold and copper producing company with operations, development projects and exploration properties in Canada and Australia.

The stock opened at $2.75 and traded within the range of $2.68-$2.86. In the past one month of trading sessions, the stock went down more than 17%.

Rare Element Resources Ltd. (AMEX:REE) advanced 2.64% to $10.11 after it created its fresh one-year high of $13.71. Analysts see the company as a prime takeover target, as the U.S. government looks to secure a domestic supply of the metals.

At Friday`s closing market price, the market capitalization of the company stands at $327.44 million.

ATP Oil & Gas Corporation (NASDAQ:ATPG) closed 0.94% lower at $14.73 on low volumes. ATP Oil & Gas Corporation is engaged in the acquisition, development and production of oil and natural gas properties in the Gulf of Mexico and the United Kingdom and Dutch Sectors of the North Sea (the North Sea).

Over the past five trading sessions, the stock went down more than 5%.

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