New York, NY – (NISMAGAZINE) – 4/4/2013- Swingplane Ventures (OTC:SWVI) fell 7.13% at $0.0599 after trading 5.5 million shares. A mining company, its principal property is an Iron Oxide-Copper-Gold (IOCG) property located approximately 850 km north of Santiago, in the III Region, Province of Copiapo, Chile. The company provided an update on this Algarrobo property and announced the status on the continuing work on the Descubridora Vein, one of the Major Veins, has resulted in an open cut on two exposures of the Descubridora Vein, Descubridora I and II. High grade copper material was recovered from initial surface exposures to the southwestern contact of a felsic dyke, approximately 6 m thick.
Is SWVI a solid investment at these levels? Find out here.
Pacific Ethanol Inc (NASDAQ:PEIX) closed higher by 4.76% at $0.330 after trading 2.24 million shares. Earlier this week the company closed the first tranche of a financing transaction, thereby issuing Series A subordinated convertible notes to refinance $2.6 million worth of plant debt which was originally due in June 2013 but is now extended to June 2016. It purchased an additional 3% plant ownership interest, bringing the ownership to over 83%. The company also purchased and retired $3.5 million worth of plant debt which was to mature in 2016. The second tranche of the financing arrangement is scheduled to close in June 2013. Neil Koehler, the company’s president and CEO, stated: “With the closing of these transactions, we have made significant improvements to the company’s balance sheet by reducing plant debt and extending debt maturities, reducing overall interest costs and increasing our ownership interest in the Pacific Ethanol Plants to over 83%. Upon completion of the second tranche of the financing, we will have eliminated our Plant debt due in 2013, providing a more stable capital structure for the long term growth of our company.”
How Should Investors Trade PEIX Now? Find out here.
Cal Dive International, Inc. (NYSE:DVR) fell 0.58% at $1.70 after trading 1.1 million shares. The company is a marine contractor that provides an integrated offshore construction solution to its customers, including manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention services to the offshore oil and natural gas industry. Analyst opinion on a price target for the stock ranges from a low of $2.00 to a high of $3.50. Late last month the company announced that it had been awarded an EPC contract by Pemex Exploración y Producción for 12 kilometers of eight inch subsea pipeline and associated tie-ins on four existing platforms located in the Abkatun-Pol-Chuc Field in the Bay of Campeche. The contract is expected to generate total revenue of approximately $63 million and will utilize three of the Company’s vessels. The offshore construction is expected to commence in the third quarter 2013.
How Should Investors React To DVR Now? Find out here.
Subscribe for FREE to receive our “50 Stock Trading Rules No Hedge Fund Wants You To Know!” E-Book: www.HotStockProfits.com/Trade-Alert/
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.