On Wednesday, Following Stocks were among the “Top Gainers” of U.S. Stock Market: Hecla Mining Co. (NYSE:HL), Movado Group, Inc. (NYSE:MOV), EXCO Resources Inc. (NYSE:XCO)
Hecla Mining Co. (NYSE:HL), with shares gained 8.39%, closed at $3.23.
Movado Group, Inc. (NYSE:MOV), with shares jumped 8.38%, settled at $30.91.
EXCO Resources Inc. (NYSE:XCO), with shares climbed 8.20%, and closed at $1.98.
Latest NEWS regarding these Stocks are depicted underneath:
Hecla Mining Co. (NYSE:HL)
Formerly on March 27, Hecla Mining Co. (HL), and Revett Mining Corporation, Inc. (NYSE MKT:RVM), declared that they have reached a merger contract following which Hecla will attain Revett. In the projected merger, each outstanding ordinary share of Revett will be exchanged for 0.1622 of a ordinary share of Hecla. Based on Hecla’s closing price of $3.23 on March 25, 2015 (the day preceding to signing of the contract), this represents a 32% premium to Revett’s 20-day VWAP (volume weighted average price) through March 25, 2015. The parties presently expect the transaction to close late in the second quarter, 2015. The transaction is subject to approval by Revett shareholders and to the satisfaction of other closing conditions contained in the merger contract.
Following closing of the merger, Hecla intends to continue to advance permitting of the Rock Creek project. Located in Northwest Montana, Rock Creek is considered one of the largest undeveloped silver and copper deposits in North America. Revett has stated inferred resources of 229 million ounces of silver and 2.0 billion pounds of copper. The project is about 50 miles north of Hecla’s Lucky Friday Mine in Idaho. A Supplemental Environmental Influence Statement (SEIS) is in process and the U.S. Forest Service plan indicates that the SEIS will be issued later this year for public comment.
Hecla Mining Corporation, together with its auxiliaries, discovers, attains, develops, produces, and markets precious and base metal deposits worldwide. The corporation offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
Movado Group, Inc. (NYSE:MOV)
On Tuesday, Movado Group, Inc. (MOV), declared fourth quarter and fiscal year 2015 results for the periods ended January 31, 2015. The Corporation recorded no unusual items in the fourth quarter and full fiscal year of 2015.
Net sales were $133.9 million contrast to adjusted net sales of $140.1 million in the preceding year period. Adjusted net sales for the fourth quarter of fiscal 2014 excluded the influence of the $7.8 million charge in the fourth quarter of fiscal 2014 for anticipated sales returns related to the ESQ reallocation strategy described above. Net sales on a constant dollar basis reduced 1.5% contrast to adjusted net sales for the fiscal 2014 fourth quarter.
Net revenue was $10.1 million, or $0.40 per diluted share, contrast to adjusted net revenue of $12.0 million, or $0.46 per diluted share, for the same period in the preceding year.
Movado Group, Inc. designs, sources, markets, and distributes fine watches in the United States and internationally. The corporation operates in two segments, Wholesale and Retail.
EXCO Resources Inc. (NYSE:XCO)
EXCO Resources Inc. (XCO), and a wholly owned partner of Bluescape Resources Corporation LLC declared the execution of a Services and Investment Contract. Highlights comprise:
- John Wilder, Executive Chairman of Bluescape Resources Corporation LLC, will join EXCO’s Board of Directors and become EXCO’s Executive Chairman (following the closing);
- Harold L. Hickey, EXCO’s President and Chief Operating Officer, has been designated Chief Executive Officer and President of EXCO;
- John Wilder and Bluescape will right away commence leading the development and execution of a disciplined performance improvement plan focused on maximizing value for EXCO’s shareholders;
- Bluescape will purchase $10 million in EXCO’s ordinary stock from the Corporation and an additional $40 million in ordinary stock in the open market within one year from closing; and
- Bluescape will receive a cash retainer and a warrant package designed to reward outstanding relative value outperformance by EXCO’s ordinary stock.
EXCO Resources, Inc., an independent oil and natural gas corporation, engages in the attainment, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
