Active Stocks in the News: Western Digital Corp (NASDAQ:WDC), New Gold Inc. (USA) (NYSEMKT:NGD), PBF Energy Inc (NYSE:PBF)

Active Stocks in the News: Western Digital Corp (NASDAQ:WDC), New Gold Inc. (USA) (NYSEMKT:NGD), PBF Energy Inc (NYSE:PBF)

On Wednesday, Shares of Western Digital Corp (NASDAQ:WDC), gained 2.85% to $64.24.

Western Digital Corp, introduced a new software platform to simplify and speed up the creation and deployment of VIDITY™ enabled products and services. VIDITY gives consumers the freedom and flexibility to download and store their movies on a wide range of devices and delivers the highest quality playback of content counting 4K Ultra HD movies with high dynamic range (HDR).

The VIDITY Software Platform by WDLabs is built around open standards and will bring VIDITY protocols, security and standards-based manageability into one integrated solution optimized for next generation premium 4K Ultra HD HDR video devices such as TVs, optical media players, and digital media players. The VIDITY Software Platform by WDLabs is supported and validated by the established and expanding VIDITY hardware, software, and certification ecosystem that will provide common building blocks for next generation video devices and Over-The-Top (OTT) services. This new software platform accelerates the availability of VIDITY enabled 4K Ultra HD HDR devices by enabling innovators to focus on value-added features and differentiation.

Western Digital Corporation, together with its auxiliaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide.

Shares of New Gold Inc. (USA) (NYSEMKT:NGD), inclined 3.72% to $2.23, during its last trading session.

New Gold Inc., provides an update on the company’s exploration success at the Peak Mines (“Peak”). The company’s 2015 exploration efforts have resulted in the discovery of two new zones of poly metallic mineralization, Chronos and Anjea, both located right away adjacent to current and past-producing ore deposits within Peak’s main nine-kilometre long mine corridor. Chronos is a zone of gold-silver-copper-lead-zinc mineralization located directly above the Perseverance ore body which is presently in production and adjacent to the Peak mill. Anjea is a zone of copper-gold-silver-lead-zinc mineralization located adjacent to the historic Great Cobar mine and about nine kilometres north of the Peak mill.

“We are very happy to have discovered two new zones of mineralization in such close proximity to our existing infrastructure,” stated Mark Petersen, Vice President Exploration. “It is rewarding to see a mine that has already delivered over twenty years of resource replacement continue to demonstrate such strong potential for new discoveries. We look forward to building further on the results at both Chronos and Anjea in addition to several newly emerging mineralized prospects between them.”

New Gold Inc., a gold mining company, engages in the acquisition, exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits.

Finally, Shares of PBF Energy Inc (NYSE:PBF), ended its last trade with 5.77% gain, and closed at $38.15.

PBF Energy, declared that its indirect partner, PBF Holding Company LLC (“PBF Holding”), intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior secured notes due 2023 in a private offering. The Notes will be co-issued by PBF Finance Corporation, a wholly owned partner of PBF Holding. PBF Holding intends to use the net proceeds from the offering for general corporate purposes, counting to fund a portion of the purchase price for the pending acquisition of the Torrance refinery and related logistics assets.

The notes will be offered in a private placement and are predictable to be resold by the initial purchasers to qualified institutional buyers under Rule 144A and to persons outside the United States following Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The offer of the notes will be made only by means of an offering memorandum to qualified investors and has not been registered under the Securities Act or any applicable state securities laws, and the notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.

PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feed stocks, and other petroleum products.

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