Saturday 29 Aug 2015

Goldfield Corp. (NYSEAMEX:GV) falls down by 17.98%, Pacific Ethanol, Inc. (NASDAQ:PEIX), Gevo, Inc. (NASDAQ:GEVO)

New York, NY – (NISMAGAZINE) – 3/28/2013- Goldfield Corp. (NYSEAMEX:GV) the stock is down by 17.98% and is trading close to $3.66. The stock is off its 52-week high of $5.67 and is in a free fall, with huge volume. The previous results announced were impressive however the situation could become adverse if GV is unable to secure contracts. There was a decline in the backlog by 50% since February 27which is now over $40 million. To finance new equipments GV have exhausted its long-term debt, the company could be hit if is unable to secure further financial support.

How Should Investors Trade GV Now? Find out here.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is trading at $0.336 down by 3.80%, just 52-week low of $0.27. The stock is technically weak with a steep decline in its price, trading below its MA(100) of $0.355 EMA(100) of $0.378. PEIX will raise up to $14million in subordinated convertible notes and increase its ownership to 83% by amassing another 3% Plant interest. Of $14million will procure the $6.0 million in the next two working days and the next $8.0 million will be achieved in June 2013 subject to stockholder approval. PEIX will use this amount to purchase $6.6 million of Plant debt due in June 2013, will also pay off its debt of $2.0 million maturing in June 2013; it will prepay some of its senior unsecured notes. It is also going to amass another 3% Plant ownership interest, supply cash reserve of $2.0 million to Pacific Ethanol and decrease interest expense and boost plant liquidity.

How Should Investors Trade PEIX Now? Find out here.

Gevo, Inc. (NASDAQ:GEVO) is down by 1.33% and is trading close to $2.23, above its MA(100) of $1.92 but close to its EMA(100) of $2.26. The stock has experienced a significant volume. Arabian American Development Co. (NYSE:ARSD) declared that it has signed a contract with GEVO to boost toll processing services at South Hampton Resources facility of the hydrocarbon processing demonstration plant. ARSD will further build a second demonstration unit supply GEVO with toll-processing services required to achieve about 16,000 pounds per month of mixed octane materials generate on isobutanol to jet demonstration unit. The contract was for one and half year with the option of further extension. Paraxylene will be produced for polyethylene terephthalate (PET) by the new demonstration unit, which will let GEVO to supply quick adopters with goods so it can examine material, build samples and begin selling.

Is GEVO a solid investment at these levels? Find out here.


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Gale Wills

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