AMEX Basic Material Sector Noticable Correctios

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Almaden Minerals Ltd (AMEX:AAU)

About Almaden Minerals Ltd.

Almaden Minerals Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Mexico. It principally holds interests in the Elk gold and silver property comprising the Siwash Gold deposit in Canada; and Caballo


Blanco gold, silver, and copper prospect consisting of 8,200 hectares located in the state of Veracruz, Mexico. The company was founded in 1980 and is headquartered in Vancouver, Canada.

Statistics Symbol

AAU

Beta

0.91

Current Price

$4.36

Market Capitalization:

240.12M

52 week range

$0.82 - $5.15

Shares Outstanding

55.07M

Avg Volume

708,398.00

Float:

51.02M

Financials As per its financials ending on September 10, 2010 Almaden Minerals Ltd. (USA) (AMEX:AAU) produced total revenue $.02 million which is slightly less than last quarter’s revenue which was $0.4 million. Although net income is still negative but it produced better result compared to last quarter’s net income. The Company’s cash flow from financing (CFF) activities has increased which showed company might have some liquidity problems as its CFF is kept rising. According to current financials total assets of company accumulate up to $36.42 million and its total liabilities and equity stand at $8.38 million and 34.88 $million respectively.


Gasco Energy, Inc. (AMEX:GSX)

About Gasco Energy, Inc. Gasco Energy, Inc. is a natural gas and petroleum exploitation, development and production company engaged in locating and developing hydrocarbon resources, primarily in the Rocky Mountain region. The Company’s principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. As of December 31, 2009, the Company focused its activities in the Riverbend Project located in the Uinta Basin of northeastern Utah, targeting the Green River, Wasatch, Mesaverde, Blackhawk, Mancos, Dakota and Morrison formations. As of December 31, 2009, it held interests in 282,326 gross acres (228,724 net acres) located in Utah, Wyoming, California and Nevada. As of December 31, 2009, the Company held an interest in 132 gross producing wells (77.6 wells, net to its interest) and three shut-in wells (three net) located on these properties.


Statistics Symbol

GSX

EPS:

$0.12

Current Price

$0.37

Market Capitalization:

43.62M

52 week range

$0.25 -$ 0.59

Beta

1.78

Avg Volume

570,408.00

P/E

3 times

Financials The Gasco Energy, Inc. (AMEX:GSX) generated current quarterly total revenue of $4.70 million that are significantly less than last quarter closing that was $11.33 million. The company’s cash flow from operations has increased up to $3.46 million from last quarter ending cash flow of $2.7 million. That is strong sign and it would be obliging to repay debts. Total assets of company mount up to $80.82 million as of 30th September, 2010 that is .30% greater than last quarter ending but it managed to maintain the Current ratio. The company’s total equity is also gradually increasing which depicts that company is going to have less funding liquidity problems and more funds available to invest in future profitable opportunities.


Timberline Resources Corp (AMEX:TLR)

About Timberline Resources Corp Timberline Resources Corporation (Timberline) is an exploration-stage company. The Company is engaged in evaluating, acquiring and exploring mineral prospects with potential for economic deposits of precious and base metals. In October 2008, the Company announced that it had agreed to form a 50/50 joint venture with Small Mine Development (SMD) at the Butte Highlands project. In July 2009, the Company finalized the joint venture agreement with Highland Mining, LLC (an affiliate of SMD) to create Butte Highlands JV, LLC (BHJV). The Company has a wholly owned subsidiary, Timberline Drilling Incorporated (Timberline Drilling). Timberline Drilling provides core drilling services to mining and mineral exploration companies throughout North America. Timberline Drilling, along with its wholly owned Mexican subsidiary, World Wide Exploration, S.A. de C.V. (World Wide or WWE), has a combined fleet of 22 drill rigs. In June 2010, the Company acquired Staccato Gold Resources Ltd.


Statistics Symbol

TLR

Beta:

2.57

Current Price

$0.85

Market Capitalization:

47.43M

52 week range

$0.73 - $1.47

Shares Outstanding

55.64M

Avg Volume

536,619.00

Float

47.34M

Financials Timberline Resources Corp (AMEX:TLR) produced total revenue of $6.44 million in current quarter which is considerably less than previous quarter’s revenue which was $9.23. The company’s cash flow from financing (CFF) activities has dropped down to $2.79 million from $3.09 million which is a good sing as lower CFF means company is strong enough to absorb any funding liquidity requirements in future. According to present quarter’s ending financials as on June 30 th, 2010, Company’s total assets mount up to $32.24 million. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $11.07 million, $21.16 million respectively.


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