On Monday, Basic materials stocks ended up sharply on Wall Street, with the sector seeing an overall lift of 0.9%.
Ultimate Loser From Basic Material Sector:
Niska Gas Storage Partners LLC (NYSE:NKA), remained ultimate loser during Monday’s trade, declining -21.52%, to settle at $2.99, soon after Niska Gas stated its financial results for the quarter and nine months ended December 31, 2014. The organization also offered an update on the current business environment and declared the suspension of distributions on its ordinary units. Adjusted EBITDA for Niska`s quarter ended December 31, 2014 was $9.4 million, contrast to $37.0 million for the quarter ended December 31, 2013. Adjusted EBITDA was $48.0 million for the nine months ended December 31, 2014, contrast to $84.4 million for the nine months ended December 31, 2013.
Niska Gas Storage Partners LLC (NKA) operates natural gas storage assets in North America. It primarily operates the AECO Hub comprising the Countess and Suffield gas storage facilities in Alberta, Canada; the Wild Goose gas storage facility in California; and the Salt Plains gas storage facility in Oklahoma.
Following are the few other Basic Material stocks (along with their complete data), that ended Monday’s trading session, in a red-zone:
Synalloy Corporation (NASDAQ:SYNL), dipped -4.85%, and closed at $15.89, during the last trading session, following the news that Synalloy declared its fourth quarter 2014 earnings results in a press release that will be issued before the market opens on Monday, February 9, 2015. Following the earnings release, Synalloy will conduct a conference call and webcast at 10:00AM ET to talk about the earnings results.
Synalloy Corporation (SYNL) is engaged in metals and specialty chemicals businesses in the United States and internationally. The company’s Metals segment manufactures pipes from stainless steel and other alloys; fabricates piping systems from carbon, chrome, stainless steel, and other alloys; and produces fiberglass and steel storage tanks.
Allied Nevada Gold Corp (NYSEMKT:ANV), lowered -4.85%, and closed at $0.980, as a gold producer, provides full year preliminary production and sales for 2014 and an update on the status of the mill expansion financing process. In 2014, the company raised production by 12% for gold and more than doubled the silver production contrast with 2013. The raise in gold and silver production in 2014 resulted primarily from the higher mining rate year-over-year and the resultant additional ore tons placed on the leach pads, together with the raised processing capacity of the North Merrill-Crowe plant.
Allied Nevada Gold (ANV) a gold producer is engaged in the mining, development, and exploration of properties in Nevada. The organization’s principal products comprise unrefined gold and silver bars.
Leading Brands, Inc (USA) (NASDAQ:LBIX), dropped down -9.19% and closed at $3.36. Its opening price was $3.42 and its shares traded within the range of $ 3.22- 5.05. The company now has market cap of about $ 10.55M. The stock has year-to-date (YTD) performance of -4%.
Leading Brands, Inc (USA) (LBIX), together with its subsidiaries, is engaged in the development, production, marketing, and distribution of beverages in Canada, the western United States, and Asia.
