NEW YORK, April 28, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Uranium Energy Corp. (NYSE MKT: UEC), Sociedad Quimica y Minera S.A. (NYSE: SQM), Reliance Steel & Aluminum Co. (NYSE: RS), Uranium Resources, Inc. (NYSE: URRE), and Gevo, Inc. (NASDAQ: GEVO). 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.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
UEC Research Report: ( http://get.analystsreview.com/pdf/?c=Uranium%20Energy%20Corp.&d=28-Apr-2015&s=UEC ),
SQM Research Report: ( http://get.analystsreview.com/pdf/?c=Sociedad%20Quimica&d=28-Apr-2015&s=SQM ),
RS Research Report: ( http://get.analystsreview.com/pdf/?c=Reliance%20Steel&d=28-Apr-2015&s=RS ),
URRE Research Report: ( http://get.analystsreview.com/pdf/?c=Uranium%20Resources&d=28-Apr-2015&s=URRE ),
GEVO Research Report: ( http://get.analystsreview.com/pdf/?c=Gevo%20Inc&d=28-Apr-2015&s=GEVO ).
Analyst Update: Insider Trading, Financial Results, and Reverse Stock Split
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
On April 22, 2015, shares of Uranium Energy Corp., shot up by 15.8% to close the day at $2.12. According to the Form 4 - statement of changes in beneficial holdings, filed by the Company, Amir Adnani, the President & CEO of the Company purchased 10,000 shares at $1.50 each in open market operations, a day before, on April 21, 2015 .
On April 23, 2015 Sociedad Química y Minera de Chile S.A announced that the Company had received a letter from the Santiago Stock Exchange requesting that the Company respond to the Stock Exchange notifying it of any special circumstances that could explain the 10.44% increase in the price of the Series-B shares compared to the closing price of the shares on Wednesday, April 22.
Reliance Steel & Co. reported its financial results for Q1 2015 on April 23, 2015. The Company clocked sales of $2.61 billion in Q1 2015 versus $2.55 billion as reported for the previous year quarter. The net income for Reliance was $101.3 million up 16.2% from $87.2 million as reported for Q1 2014. The figures for earnings per diluted share came in at $1.30, which showed a jump of 17.1%, versus $1.11 for the first quarter of 2014. The Company repurchased $184.9 million worth of its own common stock.
On March 23, 2015 Uranium resources Inc., reported that all five drill holes from a recently completed preliminary drilling program at the Butler Ranch Project in South Texas encountered multiple zones of anomalous to low-grade levels of uranium mineralization.
On April 21, 2015, Gevo Inc.'s 1-for-15 reverse stock split, previously approved by the Company's stockholders at a special meeting held on April 13, 2015, became effective. The announcement was made on April 20, when the Company informed that the reverse split will reduce the outstanding number of shares from approximately 146.3 million shares to approximately 9.8 million shares.
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