NEWARK, Del., Oct 30, 2009 (BUSINESS WIRE) -- PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders. Some of our past picks had soared over 200%. To view some of our profiled stocks, please visit our website at www.picksthatmove.com.
At PicksThatMove, our team scours the technical and financials of hundreds of companies to identify those stocks showing the greatest potential for growth.
The investment opinions offered below and in this press release are provided by Nick Hunter, RIA, of PicksThatMove.com
UTS Energy Inc. (TSX: UTS), $2.13, +$0.03, 1.43%, is an oil sands company with main interests in the Fort Hills oil sands project, which is part of the Athabasca region. The company has been showing high volumes and actively trading on the exchange with over 6.3 million shares traded so far, in comparison to slightly over 1.8 on Wednesday. It is hard to contribute this traffic to anything significant as the company has not made any announcements since September but it is being reported that the acquisition of PetroChina in two oil sands in the Athabasca region could be contributing to the trading activity of the smaller companies such as UTS.
Teck Resources Limited (TSX: TCK.B), $32.71, +$1.99, 6.48%, is trading at a $1.99 gain in share price at 3.3 million shares traded yesterday. The company, released its third quarter results announcing net earnings of $609 million or $1.07 per share in the third quarter, compared to $424 million in the same quarter last year. Net earnings on a year-to-year basis were $1.4 billion compared to $1.3 billion last year. Don Lindsay, President and CEO of Teck Resources also provided an update on the company's debt situation stating "Our total debt has now been reduced by $5 billion since we completed the Fording transaction in October 2008. We expect further reductions of approximately $1.1 billion upon the completion of previously announced asset sales expected later this year and early 2010."
Alange Energy Corp. (TSX-V: ALE), $0.60, +$0.02, 3.45%, is making slight gains with 4.2 million shares trading hands so far yesterday. Alange Energy Corp., an oil and gas exploration and production company has interests in over eleven properties in Colombia. The company has recently filed its annual financial statements for the fiscal year ended June 30, 2009. Its fiscal year end has also been changed to December 31, 2009. The recent filings reflect the financial position and results of operations of Cierra Pacific Ventures Ltd., before the name change to Alange Energy, and the Reverse Take-Over transaction on July 31, 2009 with Alange Corp. The first interim consolidated financial statements for the Company will be for the quarter ended September 30, 2009, which are expected to be filed on November 30, 2009.
Vale S. A. (NYSE: VALE), $26.67, +$2.45, 10.12%, is seeing significant gains of over $2, a 10% increase in the share price yesterday. VALE is a Brazilian mining company and the world's #1 exporter of sugarcane-based ethanol. It released its Q3 financials stating a profit of $1.677 billion, down 65.2% from $4.821 billion in the same quarter last year. However, due to recovering demand the net profits have increased 112.3% from the second quarter. Fabio Barbosa, Vale's CFO, also addressed the rise in the iron-ore demand stating "In China the problem isn't demand, the challenge is to have enough capacity to meet demand because other regions in the world are recovering." There is a lot on the go at Vale which could be a contribution to the rise in share price.
Imaging3 Inc. (OTCBB: IMGG), $0.65, +$0.04, 6.56%, is a developer of a medical imaging device that produces 3D medical diagnostic images of the human body in real-time. The company held a conference call today to provide an update on the progress with the FDA. It has seen a share volume of over 3.5 million trade hands yesterday.
About Picksthatmove.com
PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com's affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Nick Hunter, RIA, of is a member of the National Association of Securities Dealers, CRD number 2022366
SOURCE: PicksThatMove
PicksThatMove.com Joseph Smith, 1-877-292 3917 info@picksthatmove.com http://www.picksthatmove.com
Copyright Business Wire 2009