AMEX Stocks with Strong Current Ratios: New Dragon Asia Corp, AMEX:NWD, Northgate Minerals Corporation, AMEX:NXG, Pioneer Drilling Company, AMEX:PDC New Dragon Asia Corp. (AMEX:NWD)
About New Dragon Asia Corp. New Dragon Asia Corp. (NWD) and its subsidiaries are engaged in the milling, sale and distribution of flour and related products, including instant noodles and soybean-derived products, to retail and wholesale customers throughout China. It markets the product line through a countrywide network of over 200 key distributors and 16 regional offices in 27 Chinese provinces through its brand name called Long Feng. NWD has eight manufacturing plants in Peoples Republic of China (PRC) with an aggregate annual production capacity of approximately 110,000 tons of flour, 1.1 billion packets of instant noodles and 4,500 tons of Soybean powder.
Statistics Symbol
NWD
Beta:
0.93
Current Price
$0.051
Market Capitalization:
5.16M
52 week range
$0.03 - $0.15
Shares Outstanding:
100.00M
Avg Volume
556,870.00
Shares Floated:
81.42M
Financials As on September 25th, 2010 New Dragon Asia Corp. (AMEX:NWD) generated the total revenue of $5.45 million for the quarter. However the company ended the net loss of $2.69 million for the quarter ended September 25th, 2010. The company’s total assets accumulate up to $66.84 million as per its latest balance sheet. The company maintains the current ratio of 3.8 times which depicts that the current assets of the company are 3.8 times more than its current liabilities. New Dragon Asia maintains a strong capital structure with total equity of $53.61 million as compared to its total liabilities of $13.23 million for the quarter.
Northgate Minerals Corporation (USA) (AMEX:NXG)
About Northgate Minerals Corporation (USA) Northgate Minerals Corporation (Northgate) is a Canada-based gold and copper producing company with operations, development projects and exploration properties in Canada and Australia. The Company’s assets are the Kemess mine, a low-grade open pit mine, which processes its ore through a flotation mill circuit in British Columbia, Canada (Kemess); Fosterville, an underground mine in Australia, which recovers gold through a bacterial oxidation, heated leach, flotation and carbon-in-leach circuit (Fosterville); Stawell, an open pit and underground mine in Australia, which recovers gold through a carbon-in-leach circuit following sulphide flotation (Stawell); and Young-Davidson, an advanced development project located near the town of Kirkland Lake, Ontario (Young-Davidson). As at December 31, 2009, Kemess, Fosterville, Stawell and Young-Davidson amounted to total proven and probable reserves of 3,754,296 ounces of contained gold.
Statistics Symbol
NXG
Beta:
1.09
Current Price
$2.98
Market Capitalization:
867.42M
52 week range
$2.30 - $3.59
Shares Outstanding:
291.08M
Avg Volume
3.12M
Shares Floated:
274.86M
Financials As per its last financial statements ending September 30 th, 2010 Northgate Minerals Corporation (AMEX:NXG) generated the total revenue of $88.33 million for the quarter. However the company ended with net loss of $8.88 million resulting in loss of $0.03 per share. The total assets accumulate up to $748.03 million according to its balance sheet as on September 30th, 2010. The company’s current assets stand at $276.89 million with cash and cash equivalent of $168.17 million. The company maintains the current ratio of 1.125 times depicting that the current assets maintained are 1.125 times more than current liabilities as on September 30th, 2010.
Pioneer Drilling Company (AMEX:PDC)
About Pioneer Drilling Company Pioneer Drilling Company provides drilling and production services to oil and gas exploration and production companies throughout the United States and internationally in Colombia. The Company operates in two segments: Drilling Services Division and Production Services Division. The Company also provides drilling crews and ancillary equipment needed to operate its drilling rigs. During the year ended December 31, 2009, its Production Services Division acquired five wireline units and auxiliary equipment for workover rigs.
Statistics Symbol
PDC
Beta:
1.71
Current Price
$8.43
Market Capitalization:
456.64M
52 week range
$5.00 - $9.90
Shares Outstanding:
54.14M
Avg Volume
907,022.00
Shares Floated:
45.93M
Financials As per the last financial statements as on September 30 th, 2010 Pioneer Drilling Company (AMEX:PDC) earned the total revenue of $135.54 million for the quarter. The company’s total revenue increased by 82.25 percent in the respective quarter as compared to the revenue of $74.37 million for the same period last year. The company reported the operating profit of $2.54 million however ended up with net loss of $2.58 million for the quarter ended September 30th, 2010. The company’s total assets accumulate up to $857.08 million with highest proportion of fixed assets in its composition. The current assets stand at $140.96 million which cover the current liabilities of $87.87 million by 1.60 times.
Disclaimer:
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE OR IN ONE OF OUR NEWSLETTERS. We are not registered as a securities broker-dealer or an investment advisor either within the U.S. Securities and Exchange Commission (the “SEC�) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.
The information contained on our website or in any of our newsletters should be viewed as commercial advertisement and is not intended to be investment advice. Any information found on our website, or in any of our newsletters is not provided to any particular individual with a view toward their individual circumstances. The information contained on our website, and in any newsletter we distribute, is not an offer to buy or sell securities. We distribute opinions, comments, and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report. Individuals should assume that all information contained on our website or in one of our newsletters about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment adviser or licensed stock broker before investing.
This website is a service of Seo Freisin, Inc., a financial public relations firm that has been compensated by the companies profiled. All direct and third party compensation received has been disclosed on both, this newsletter, and on our website in accordance with section 17(b) of the Securities Act of 1933. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.
Seo Freisin, Inc., and/or its affiliates will hold, buy, and sell securities in the companies profiled. When compensated in shares, all readers should be aware that it is our policy to liquidate all shares immediately. We reserve the right to buy or sell the shares of any the companies mentioned in any materials we produce at any time. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.
Information contained in our report will contain “forward looking statements” as defined under section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.
We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.
To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in this report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).