AMEX Movers in Focus: Rubicon Minerals Corp, AMEX:RBY, Rare Element Resources Ltd, AMEX:REE, Rentech Inc, AMEX:RTK Rubicon Minerals Corp. (USA) (AMEX:RBY)
About Rubicon Minerals Corp. Rubicon Minerals Corporation (Rubicon) is a development stage company. Rubicon is primarily involved in the acquisition and exploration of mineral property interests in Canada and the United States. Rubicon explores for commercially viable gold and base metal deposits. In addition, it invests in other mineral exploration, which includes East Bay Property, Adams Lake property, DMC property, Humlin Property, Wolf Bay Property, Slate Bay property and Advance Property. The Company’s key asset is the Phoenix Gold Project located in the Red Lake gold camp, in the Province of Ontario. In addition, the Company has acquired land packages in Alaska and Nevada. The Company is focused on completing approximately 158,000 meters of drilling. Rubicon drilled from surface (land and barge based drills) at its Phoenix Gold Project. It
drilled a total of 71,639 meters on the Phoenix Gold Project (66,033 meters at the F2 Gold Zone). Its drilling was focused on F2 Gold Zone on the Phoenix Gold Project. Statistics Symbol
RBY
Beta:
1.05
Current Price
$5.45
Market Capitalization:
1.16b
52 week range
$3.09 - $6.34
Shares Outstanding:
213.57M
Avg Volume
1.86M
Shares Floated:
210.84M
Financials As the company is in its development stage, Rubicon Minerals Corp. (AMEX:RBY) has not realized any revenues yet. According to its financial statements ending September 30 th 2010 the company reported the operating loss of the $1.44 million resulting in loss of $0.01 per share. The company’s total assets stand at $251.56 million with highest proportion of fixed assets standing at $164.22 million. The company maintains the current ratio of 9.6 times which depicts that current assets are maintained 9.6 times more than the current liabilities. The company’s strong short term liquidity position is also evident from the fact that its cash balance of $11.34 million covers the current liabilities of $9.45 million by 1.2 times.
Rare Element Resources Ltd. (AMEX:REE)
About Rare Element Resources Ltd. Rare Element Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada and the United States. The company primarily focuses on gold and rare-earth-elements. It holds a 100% interest in the Bear Lodge property located in northeast Wyoming. The company was incorporated in 1999 and is based in Vancouver, Canada.
Statistics Symbol
REE
Beta:
2.82
Current Price
$10.17
Market Capitalization:
356.03M
52 week range
$2.79 - $14.00
Shares Outstanding:
35.00M
Avg Volume
2.29M
Shares Floated:
33.52M
Latest Updates Rare Element Resources Ltd. (AMEX:REE) has recently closed its short form prospectus for sale of 6,394 million shares at the price of C$9.0 per share. The proceeds generated from the issuance of common shares will accumulate to C$57.546 million. Out of the total offered common stock 0.834 million shares are issued under over allotment option and have been granted to agents of the company. The company will receive almost C$53.8 million as the net amount after deduction of commission and offering expenses.
Rentech, Inc. (AMEX:RTK)
About Rentech, Inc.
Rentech, Inc. is focused on providing clean energy solutions. The Company is focusing on the deployment of the Rentech Process and the Rentech-SilvaGas biomass gasification technology (Rentech-SilvaGas Technology) through both licensing of its technology and development of facilities to produce synthetic fuels and chemicals, natural gas substitutes, and electric power from renewable and fossil feedstocks. The Rentech Process, based on Fischer-Tropsch chemistry, is a technology that converts synthesis gas (syngas), which can be manufactured from a variety of waste, biomass and fossil resources, into hydrocarbons. It also owns and operates a nitrogen fertilizer plant in East Dubuque, Illinois. On June 30, 2009, it acquired SilvaGas Holdings Corporation (SilvaGas). On June 23, 2009, it acquired 25% interest in ClearFuels Technology Inc. (ClearFuels).
Statistics Symbol
RTK
Beta:
2.41
Current Price
$1.26
Market Capitalization:
279.98M
52 week range
$0.69 - $1.48
Shares Outstanding:
221.73M
Avg Volume
1.72M
Shares Floated:
212.08M
Financials As per its last financial statements ending July 30 th, 2010 Rentech, Inc. (AMEX:RTK) generated the total revenue of $49.78 million for the quarter. The revenue increased by 159 percent in the respective quarter as compared to its prior quarter revenue of $19.18 million for the period ended March 31st, 2010. The company reported the operating profit of $2.21 million however ended in net loss of $1.6 million for the quarter ended July 30th, 2010. The company’s total assets accumulate up to $182.22 million according to its balance sheet as on June30th, 2010. The company maintains the a strong short term liquidity position as the its current assets are maintained 1.26 times more than its current liabilities.
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