28th
July 6:19am
Top gainers of the day: (VTG, DNN, LYG, SATC, LTXC)
Dear PSL members,
Top gainers of the day: (VTG, DNN, LYG, SATC, LTXC)
Vantage Drilling Company (AMEX: VTG) jumped up by 16.96% to close at $1.31 whereas overall traded volume stood at 21.11 million shares. Its total market capitalization arrived at $309.68 million. Vantage Drilling Company is drilling company focused on operating a fleet of drilling units. The Company’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells for its customers. It also provides construction supervision services for drilling units owned by others. Through its fleet of nine-owned and managed drilling units, the Company is a provider of offshore contract drilling services globally to oil and natural gas companies. Its fleet includes four jackup rigs, three ultra-deepwater drillships and two deepwater semisubmersibles. The Company’s customers are primarily oil and natural gas companies, government-owned oil and natural gas companies and independent oil and natural gas producers.
Denison Mines Corp. (AMEX: DNN) went up by 14.18% and closed at $1.53 with total traded volume of 169,071 shares. Its total market capitalization stood at $519.77 million in the last trading day. Denison Mines Corp. (DMC) is engaged in uranium mining and related activities, including acquisition, exploration and development of uranium bearing properties, extraction, processing, selling and reclamation. The environmental services division of the Company provides mine decommissioning and decommissioned site monitoring services for third parties. The Company has a 100% interest in the White Mesa mill located in Utah, United States and a 22.5% interest in the McClean Lake mill located in the Athabasca Basin of Saskatchewan, Canada. The Company has interests in development and exploration projects in Canada, United States, Mongolia and Zambia. Uranium the Company’s primary product is produced in the form of uranium oxide concentrates (U3O8) and sold to customers worldwide for further processing. The Company also produces vanadium in the form of vanadium pentoxide (V2O5). The Company is also in the business of processing uranium bearing waste materials (alternate feed materials).
Lloyds Banking Group PLC (ADR) (NYSE: LYG) gained by 8.54% to close at $4.45 whereas traded volume stood at 12.63 million shares. Its PE ratio ended at 1.55. Lloyds Banking Group plc is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers. The Company operates in four segments: Retail, Wholesale, Wealth and International and Insurance. Its main business activities are retail, commercial and corporate banking, general insurance, and life, pensions and investment provision. It also operates an international banking business in over 30 countries. Services are offered through a number of brands including Lloyds TSB, Halifax, Bank of Scotland, Scottish Widows, Clerical Medical and Cheltenham & Gloucester. In February 2010, Computershare Limited acquired HBOS Employee Equity Solutions from the Company. In February, 2010, the Company sold its 70% stake in esure to a management buyout vehicle to be called esure Group Holdings Ltd. In March 2010, Capita Group Plc acquired Ramesys (Holdings) Ltd from Lloyds Banking Group plc’s Lloyds Bank.
SatCon Technology Corporation (NASDAQ: SATC) reported the gain of 5.90% and closed at $3.41 with traded volume of 2.43 million shares. Its total market capitalization arrived at $243.20 million in the last trading session. Satcon Technology Corporation (Satcon) is a clean energy technology provider of utility grade power solutions for the renewable and distributed energy markets. The Company delivers power conversion solutions and system design services for large-scale renewable energy plants. Satcon’s products are utilized by businesses and utility companies to convert renewable energy sources into electrical power. It also offers system design services and solutions for management, monitoring, and performance measurement. The Company produces a range of products to provide the bridge between clean energy sources and large-scale power grids. Its solutions for renewable energy consist of two core product offerings: Utility Grade Inverters for Solar Photovoltaic and Fuel Cell Applications and Micro Grid Solutions. Subsequent to the year ended December 31, 2009, the Company sold its Applied Technology business unit.
LTX-Credence Corporation (NASDAQ: LTXC) went up by 5.65% and closed at $2.99 whereas overall traded volume stood at 1.52 million shares. Its total market capitalization ended at $439.08 million for the day. LTX-Credence Corporation (LTX-Credence) provides focused, automated test equipment (ATE) solutions. The Company designs, manufactures, markets and service ATE solutions that address the divergent test requirements of the wireless, computing, automotive and digital consumer market segments. Semiconductor designers and manufacturers worldwide use its equipment to test their devices during the manufacturing process. After testing, these devices are then incorporated in a range of products, including computers, mobile Internet equipment, such as wireless access points and interfaces, broadband access products, such as cable modems and digital subscriber line (DSL) modem, personal communication products, such as cell phones and personal digital assistants, consumer products, such as televisions, digital cameras and automobile electronics, and for power management in portable and automotive electronics. On August 29, 2008, LTX Corporation and Credence Systems Corporation completed a merger.
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