NEW YORK, January 16, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Eurasian (NYSEMKT: EMXX), Exeter (NYSEMKT: XRA), Flexible Solutions (NYSEMKT: FSI), General Moly (NYSEMKT: GMO), and Gold Resource (NYSEMKT: GORO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
EMXX Research Report: ( http://get.analystsreview.com/pdf/?c=Eurasian&d=16-Jan-2015&s=EMXX ),
XRA Research Report: ( http://get.analystsreview.com/pdf/?c=Exeter&d=16-Jan-2015&s=XRA ),
FSI Research Report: ( http://get.analystsreview.com/pdf/?c=Flexible%20Solutions&d=16-Jan-2015&s=FSI ),
GMO Research Report: ( http://get.analystsreview.com/pdf/?c=General%20Moly&d=16-Jan-2015&s=GMO ),
GORO Research Report: ( http://get.analystsreview.com/pdf/?c=Gold%20Resource&d=16-Jan-2015&s=GORO ).
Analyst Update: Quarterly Earnings, Project Updates, and Notes Offering
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks fell for the fifth session in a row on Thursday, led by decline in the financial sector stocks following disappointing earnings from major Wall Street banks and continued concerns over the global economic growth. The Swiss equity markets tumbled after the Swiss central bank scrapped its three-year old ceiling on franc. The move drove franc soaring against euro on Thursday, leaving investors fretted over its potential negative impact on exports of Switzerland. The Dow Jones Industrial Average ended the session 0.61% lower at 17,320.71, the S&P 500 lost 0.92% to close at 1,992.67, and the Nasdaq Composite dropped 1.48% to 4,570.82. Meanwhile, the European markets rallied on Thursday after Swiss central bank lifted the cap on franc. The Swiss central bank's action is seen as an indication of a higher magnitude of the upcoming stimulus programme from the European Central Bank to counter deflation. Most Asian markets were higher on Thursday, led by a sharp rally in the Indian benchmark indices following a policy rate cut.
Eurasian Minerals, Inc.'s (Eurasian) third quarter 2014 net loss reduced to $1.3 million from $6.6 million in the year ago period, helped by growth in royalty income as well as sharp increase in other income. Eurasian said that its net royalty income in Q3 2014 was $0.22 million, compared to $0.17 million in the year ago period.
Exeter Resource Corporation (Exeter) announced that its previously announced expanded water drilling program for its Caspiche gold-copper project in northern Chile continues to provide encouraging results. Exeter said it encountered significant water in all drill holes as expected.
Flexible Solutions International, Inc. (Flexible Solutions) swung to profit in third quarter of 2014. The Company reported accounting net income of $177,228, or $0.01 per basic share for Q3 2014, compared with an accounting net loss of $681,900, or $0.05 per basic share, in Q3 2013.
General Moly, Inc. (General Moly) has closed its previously announced private placement of senior convertible notes and warrants for gross proceeds of $8.5 million. General Moly plans to use the issue proceeds for maintenance of the Mt. Hope Project, the Liberty Project, and general corporate purposes.
Gold Resource Corporation (Gold Resource) announced high-grade mineralization at its Alta Gracia property with drill intercepts including 5.06 meters of 1.53 grams (0.05 ounces) per tonne gold and 1,383 grams (44 ounces) per tonne silver.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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