AMEX Basic Materials Sector Major Bulls in review: (TRE, GTE, NXG, NOG, NG)
Tanzanian Royalty Exploration Corp. (US) (AMEX:TRE) is a mineral resource company with exploration stage properties. It jumped up by 2.37% to close at $6.49 with overall traded volume of 880,791 shares in the last trading day. The company maintains strong short term liquidity position with current ratio of 25.83 times. The shares price is likely to move by 0.49 times against 1 point change in market index.
Gran Tierra Energy Inc. (AMEX:GTE) is an independent energy company engaged in oil and gas exploration, development and production. It moved up by 2.40% and closed at $8.55 whereas total traded volume stood at 729,612 shares for the day. The company stands in profit with the profit margin of 15.33%. The company is in highly profitability with ROE of 6.65%.
Northgate Minerals Corporation (USA) (AMEX:NXG) is a Canada-based gold and copper producing company with operations, development projects and exploration properties in Canada and Australia. It closed at $2.62 after surging by 2.75% with traded volume of 7.92 million shares in the last trading day as compare to its average volume stood at 3.82 million shares. The current market price is 11.29% less than its last 50 days simple moving average.
Northern Oil & Gas, Inc. (AMEX:NOG) is an independent energy company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties. It went up by 3.02% and closed at $26.23 whereas overall traded volume stood at 1.38 million shares for the day. The company maintains strong short term liquidity position with current ratio of 3.37 times.
NovaGold Resources Inc. (USA) (AMEX:NG) is a precious metals company, which is engaged in the exploration and development of mineral properties in Alaska, the United States and British Columbia, Canada. It reported the gain of 3.56% to close at $13.67 with total traded volume of 6.19 million shares in the last trading day. The relative strength index stands at 49.63 times till its last trading session.