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Top Basic Materials Stock Losers were BIOF, USEG, KGS : by Penny Stock Pick Alert

BioFuel Energy Corp., U.S. Energy Corp. and Quicksilver Gas Services LP today were Top Basic Materials Stock Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, December 12, 2009 ) Dallas, TX - BioFuel Energy Corp. (NASDAQ:BIOF) declined 3.45% to $3.64. The stock hit an intraday high and an intraday low of $3.96 and $3.41 respectively. In the last six months the stock went up over 338%. BioFuel Energy Corp. is engaged in the manufacture and sale of ethanol and its co-products (primarily distillers grain), through its two ethanol production facilities located in Wood River, Nebraska, and Fairmont, Minnesota.


U.S. Energy Corp. (NASDAQ:USEG) decreased 10.75% to $4.98 on 4.13 million shares. The stock hit an intraday high and an intraday low of $5.20 and $4.84 respectively. In the last six months the stock went up over 96%. U.S. Energy Corp. acquires and develops energy-related and other mineral properties. The Company is primarily involved in the acquisition of mineral properties, the exploration and development of those properties, and from time to time the sale and lease of mineral-bearing properties and production and/or marketing of minerals.


Quicksilver Gas Services LP (NYSE:KGS) plunged 6.25% to $20.86 on 2.12 million shares after Quicksilver Gas Services LP announced that it has priced an offering of 4 million common units representing limited partner interests at $21.10 per common unit. The Company also granted the underwriters a 30-day option to purchase up to 600,000 additional common units representing limited partner interests. The Company initially expects to use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility.

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