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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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.
ABOUT http://www.PennyStockPickalert.com
It is is one of the leading stock web site that provides free stock alerts and tracks small cap penny stocks that could be on the brink of a massive breakout. If you wish to get your company featured on our website then please contact us at info @PennyStockPickReport.
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Robert Wilson
Tel: 214 556 6798
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PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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