PennyTrader.com Presents Today’s Midday Stock Report: AUMY, OCC, ZQK
Wholesale inventories were up 0.6% in April. That’s on par with the increase of 0.5% that had been broadly forecasted.
Stocks haven’t shown any meaningful response to the data. Prior to the report’s release they began to push up from early session lows, but remain in the red with modest losses.
AUMY – Trade Alert
Up 88.89% in morning trading to $.0017 with 40M shares traded
Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric’s primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies. Auric Mining Company (AUMY) announced today that it had secured an additional asset backed $40,000,000 Financial Guarantee commitment thereby increasing its total commitment to $60 million for ongoing development. While currently two separate commitments, negotiations are ongoing as to combining these commitments into a single Financial Guaranty at a preferred rate.
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OCC - News Alert
Up 40.75% in morning trading to $4.11 with 400K shares traded
Optical Cable Corporation is a leading manufacturer of a broad range of fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market, offering an integrated suite of high quality, warranted products which operate as a system solution or seamlessly integrate with other providers’ offerings. OCC’s product offerings include designs for uses ranging from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining and broadcast applications. OCC products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, pre-terminated fiber optic and copper cable assemblies, racks, cabinets, datacom enclosures, patch panels, face plates, multi-media boxes and other cable and connectivity management accessories, and are designed to meet the most demanding needs of end-users, delivering a high degree of reliability and outstanding performance characteristics. Optical Cable Corporation (OCC) today announced financial results for its fiscal second quarter ended April 30, 2012. The Company achieved increases in net sales, gross profit and net income for both the quarter and year-to-date periods, compared to the same periods in fiscal year 2011.
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ZQK – News Alert
Up 10.66% in morning trading to $2.70 with 900K shares traded
Quiksilver, Inc. is one of the world’s leading outdoor sports lifestyle companies. Quiksilver designs, produces and distributes a diversified mix of branded apparel, footwear and accessories. The company’s apparel and footwear brands, inspired by the passion for outdoor action sports, represent a casual lifestyle for young-minded people who connect with its boardriding culture and heritage. The company’s Quiksilver, Roxy, DC, Lib Tech and Hawk brands are synonymous with the heritage and culture of surfing, skateboarding and snowboarding. The company’s products are sold in over 90 countries in a wide range of distribution, including surf shops, skate shops, snow shops, its proprietary Boardriders Club shops and other company-owned retail stores, other specialty stores, select department stores and over the internet. Quiksilver’s corporate headquarters are in Huntington Beach, California. Quiksilver, Inc. (ZQK) yesterday announced operating results for the second fiscal quarter ended April 30, 2012. Revenues grew 3% to $492.2 million compared to $478.1 million in the second quarter of fiscal 2011 and grew 5% in constant currency.
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