Gulf Resources (GURE) Soars on Natural Gas Discovery
Post# of 33
Posted On: 01/30/2015 10:47:02 PM
The trading levels of Gulf Resources, Inc. (GURE) exploded in the right direction on Friday, after the company reported that it has found natural gas resources under its bromine well in Sichuan area
In 2014, the Chinese National Petroleum Corporation discovered 440.4 billion cubic meters of proven geological natural gas reserves of which 308.2 billion cubic meters is "technically recoverable" in Moxi block of An'yue field Sichuan Province. This area is very near to the region where GURE is exploring for bromine.
China continues to have a shortage of both natural gas and oil. While world prices have come down, prices in China have remained on a stable increase trend and China is still a large importer of natural gas. GURE said that the discovery of natural gas in its drilling area might bring the company into a business segment with exceptional opportunities in terms of both sales and profits.
Shares of GURE closed at $1.76, up $0.58 (or +49.15%)
GURE is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China.
More about Gulf Resources, Inc. (GURE) at www.gulfresourcesinc.com
**
The price of ImmunoGen, Inc. (IMGN) stock soared $1.43 (or +23.06%) to $7.63 per share, after the biotechnology company delivered a strong operating performance on its financial results
For its second quarter fiscal 2015, IMGN posted revenues of $48.3 million, a 60.5% increase year over year, and net income of $13.6 million, or $0.16 per basic and diluted share, compared to net income of $3.8 million, or $0.04 per basic and diluted share in the same period the prior year, these results substantially above the Capital IQ Consensus Estimate of ($0.05) loss per share on revenues of $33.45 million for the period
For the full year fiscal 2015, IMGN expects its revenues to be between $100 million and $105 million.
IMGN develops targeted anticancer therapeutics. Its ADC technology uses tumor-targeting antibodies to deliver an ImmunoGen cell-killing agent specifically to cancer cells; IMGN has also developed antibodies with anticancer activity of their own.
More about ImmunoGen, Inc. (IMGN) at www.immunogen.com
**
Shares of Synaptics Inc. (SYNA) jumped $8.50 (or +12.44%) to $76.81 on Friday's trading session, following the release of its financial results.
For its second quarter fiscal 2015, SYNA posted net revenue of $463.7 million, a 125% increase year over year, and non-GAAP net income of $55.8 million, or $1.46 per diluted share, compared to non-GAAP net income of $31.1 million, or $0.86 per diluted share in the same period the prior year, these results better than the Capital IQ Consensus Estimate of $1.21 earnings per share on revenues of $449.33 million for the period
For its third quarter fiscal 2015, SYNA expects its revenues to be in the range of $450 to $490 million, representing an increase of 120% to 140% year over year.
SYNA is the pioneer and leader of the human interface revolution, bringing innovative and intuitive user experiences to intelligent devices.
More about Synaptics Inc. (SYNA) at www.synaptics.com.
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Visalia, CA ( www.visalia.crwe-pr.com ) into the CRWE Network.
As the county seat of Tulare County, in California, Visalia serves as the economic and governmental center to one of the most productive single agricultural counties in the country. Nestled in the foothills below the majestic Sierra Nevada. Visalia is the Gateway of Sequoia and Kings Canyon National Parks. Visalia has become a thriving community that takes pride in the small town feel and high quality of life that accompanies its big city amenities.
The City of Visalia had an estimated population in 2013 (U.S. Census Bureau) of 127,763, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S., associated with 3456 ZIP Codes, and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
In 2014, the Chinese National Petroleum Corporation discovered 440.4 billion cubic meters of proven geological natural gas reserves of which 308.2 billion cubic meters is "technically recoverable" in Moxi block of An'yue field Sichuan Province. This area is very near to the region where GURE is exploring for bromine.
China continues to have a shortage of both natural gas and oil. While world prices have come down, prices in China have remained on a stable increase trend and China is still a large importer of natural gas. GURE said that the discovery of natural gas in its drilling area might bring the company into a business segment with exceptional opportunities in terms of both sales and profits.
Shares of GURE closed at $1.76, up $0.58 (or +49.15%)
GURE is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China.
More about Gulf Resources, Inc. (GURE) at www.gulfresourcesinc.com
**
The price of ImmunoGen, Inc. (IMGN) stock soared $1.43 (or +23.06%) to $7.63 per share, after the biotechnology company delivered a strong operating performance on its financial results
For its second quarter fiscal 2015, IMGN posted revenues of $48.3 million, a 60.5% increase year over year, and net income of $13.6 million, or $0.16 per basic and diluted share, compared to net income of $3.8 million, or $0.04 per basic and diluted share in the same period the prior year, these results substantially above the Capital IQ Consensus Estimate of ($0.05) loss per share on revenues of $33.45 million for the period
For the full year fiscal 2015, IMGN expects its revenues to be between $100 million and $105 million.
IMGN develops targeted anticancer therapeutics. Its ADC technology uses tumor-targeting antibodies to deliver an ImmunoGen cell-killing agent specifically to cancer cells; IMGN has also developed antibodies with anticancer activity of their own.
More about ImmunoGen, Inc. (IMGN) at www.immunogen.com
**
Shares of Synaptics Inc. (SYNA) jumped $8.50 (or +12.44%) to $76.81 on Friday's trading session, following the release of its financial results.
For its second quarter fiscal 2015, SYNA posted net revenue of $463.7 million, a 125% increase year over year, and non-GAAP net income of $55.8 million, or $1.46 per diluted share, compared to non-GAAP net income of $31.1 million, or $0.86 per diluted share in the same period the prior year, these results better than the Capital IQ Consensus Estimate of $1.21 earnings per share on revenues of $449.33 million for the period
For its third quarter fiscal 2015, SYNA expects its revenues to be in the range of $450 to $490 million, representing an increase of 120% to 140% year over year.
SYNA is the pioneer and leader of the human interface revolution, bringing innovative and intuitive user experiences to intelligent devices.
More about Synaptics Inc. (SYNA) at www.synaptics.com.
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Visalia, CA ( www.visalia.crwe-pr.com ) into the CRWE Network.
As the county seat of Tulare County, in California, Visalia serves as the economic and governmental center to one of the most productive single agricultural counties in the country. Nestled in the foothills below the majestic Sierra Nevada. Visalia is the Gateway of Sequoia and Kings Canyon National Parks. Visalia has become a thriving community that takes pride in the small town feel and high quality of life that accompanies its big city amenities.
The City of Visalia had an estimated population in 2013 (U.S. Census Bureau) of 127,763, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S., associated with 3456 ZIP Codes, and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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