ULU, NGD, UVE were Biggest AMEX Percentage Losers : by Penny Stock Pick Alert
Uluru, New Gold Inc. (USA) and Universal Insurance Holdings were Biggest AMEX Percentage stocks Losers as reported by Penny Stock Pick Alert.
(EMAILWIRE.COM, November 13, 2009 ) Dallas, TX - Uluru Inc. (AMEX:ULU) plunged 29.32% to $0.134 after the company announced that it has entered into definitive agreements to sell 10,714,467 shares of its common stock at a price per share of $0.14 pursuant to a registered direct offering to institutional investors, resulting in gross proceeds of approximately $1.5 million. Investors will also receive warrants to purchase up to 5,357,233 shares of ULURU Inc.'s common stock.
New Gold Inc. (USA) (AMEX:NGD) went down 8.85% to $3.81 on over 5.17 million shares. The stock has a 52-week range of $0.74 to $4.59 respectively. In the last six months the stock went up over 73%. New Gold Inc. is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States. The Company’s operating assets consist of the Cerro San Pedro gold-silver mine in Mexico, the Peak gold-copper mine in Australia and the Amapari gold mine in Brazil.
Universal Insurance Holdings, Inc. (AMEX:UVE) decreased 1.64% to $5.99 after the company announced third-quarter 2009 net income of $11.5 million, or $0.28 per diluted share, compared to $7.4 million, or $0.19 per diluted share, in the third quarter of 2008. Net income grew 56.2 percent for the third quarter of 2009, as compared to the same quarter last year. As a result of continued profitability, the Company's balance sheet also strengthened, as stockholders' equity increased 6.9 percent at September 30, 2009, as compared to June 30, 2009.
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Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.
New Gold Inc. (USA) (AMEX:NGD) went down 8.85% to $3.81 on over 5.17 million shares. The stock has a 52-week range of $0.74 to $4.59 respectively. In the last six months the stock went up over 73%. New Gold Inc. is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States. The Company’s operating assets consist of the Cerro San Pedro gold-silver mine in Mexico, the Peak gold-copper mine in Australia and the Amapari gold mine in Brazil.
Universal Insurance Holdings, Inc. (AMEX:UVE) decreased 1.64% to $5.99 after the company announced third-quarter 2009 net income of $11.5 million, or $0.28 per diluted share, compared to $7.4 million, or $0.19 per diluted share, in the third quarter of 2008. Net income grew 56.2 percent for the third quarter of 2009, as compared to the same quarter last year. As a result of continued profitability, the Company's balance sheet also strengthened, as stockholders' equity increased 6.9 percent at September 30, 2009, as compared to June 30, 2009.
ABOUT PennyStockPickReport.com
Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.
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