Notable Runners – Mechel OAO (NYSE:MTL), ARMOUR Residential REIT, (NYSE:ARR), Companhia Energetica Minas (NYSE:CIG), Glu Mobile (NASDAQ:GLUU)

Submitted By on March 03, 2014 - 01:05 PM

New York, NY- March 03, 2014– (Techsonian) – Mechel OAO (ADR) (NYSE:MTL) one of the leading Russian mining and metals companies, releases successful tests of the new coal export terminal at Primorye Region’s Port Posiet. Modernization of the port’s facilities will allow the company to considerably enhance export to the Asia-Pacific countries. The project’s cost is estimated to total some 4.5 billion rubles.

Mechel OAO (ADR) (NYSE:MTL) opened the session at $1.75, trading in a range of $1.69 – $1.90, and closed at $1.90. The stock showed a positive performance of 1.06% in the last trading session. The stock traded on a volume of 7.16 million shares and the average volume of the stock remained 1.44 million shares.

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ARMOUR Residential REIT, Inc. (NYSE:ARR) recently declared financial results for the quarter ended December 31, 2013. Core Income for the quarter ended December 31, 2013, was $59.3 million. “Core Income” represents a non-GAAP measure and is defined as net income excluding impairment losses, gains or losses on sales of securities and early termination of derivatives, unrealized gains or losses on derivatives and U.S. Treasury Securities and certain non-recurring expenses.

ARMOUR Residential REIT, Inc. (NYSE:ARR) traded 6.52 million shares in the last business day while the average volume of the stock remained 4.48 million shares. The stock showed a positive movement of 0.70% to end at $4.29. The 52 week range of the stock remained $3.64 – $6.75.

Can ARR Show a Strong Recovery? Find out in This Research Report


Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) through its subsidiaries, involves in the generation, transformation, transmission, distribution, and sale of electric energy mainly in Minas Gerais, Brazil. As of December 31, 2012, the company generated electricity at 59 hydroelectric plants, 3 thermoelectric plants, and 3 wind farms; had a total installed capacity of 7,038 megawatts; owned and operated 13,670 miles of transmission lines; and owned and operated 308,466 miles of distribution lines, through which it supplied electricity to round about 7.5 million end-consumers.

 Companhia Energetica Minas Gerais (ADR) (NYSE:CIG) reported 5.99 million shares were exchanged during the last trade, while the average volume is about 7.06 million shares. The stock dropped -0.34% and finished the day at $5.79.  The beta of the stock is recorded at 0.92.

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Glu Mobile Inc. (NASDAQ:GLUU) a leading worldwide developer and orginator of free-to-play games for smartphone and tablet devices, recently revealed financial results for its last quarter and full year ended December 31, 2013.  Total GAAP revenues were $34.8 million in the fourth quarter of 2013 compared to $26.3 million in the last quarter of 2012. Total non-GAAP revenues were $42.8 million in the last quarter of 2013, a rise of 62% compared to $26.4 million in the fourth quarter of 2012. Non-GAAP revenues exclude changes in deferred revenues.

Glu Mobile Inc. (NASDAQ:GLUU) the stock decreased -0.40% and finished the session at $5.03. Traded with volume of 5.84 million shares in the prior session and the average volume of the stock remained 5.00 million shares.

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