Hot Basic Material Stocks at AMEX: Great Basin Gold Ltd, AMEX:GBG, Kodiak Oil & Gas Corp, AMEX:KOG, New Gold Inc, AMEX:NGD Great Basin Gold Ltd. (USA) (AMEX:GBG)
About Great Basin Gold Ltd
Great Basin Gold Limited, through its subsidiaries, engages in the acquisition, exploration, and development of gold properties. It focuses on producing two gold mines, such as the Hollister gold project located on the Carlin Trend in Nevada, the United States; and the Burnstone gold mine located in the Witwatersrand Basin goldfield of South Africa. The company was founded in 1986 and is based in Sandton, South Africa.
52 week range
$1.55 - $3.32
Financials As per its financial statements ending September 30 th, 2010 Great Basin Gold Ltd. (AMEX:GBG) earned the total revenue of $12.23 million for the quarter as compared to nil revenues for the same period last year. However the company reports the net loss of $23.72 million for the quarter ended September 30th, 2010. The companyâ€™s total assets accumulate up to $741.91 million with highest proportion of fixed assets. Great Basin Gold current assets stand at $60.10 million. The company maintains a strong capital structure with total liabilities of $323.44 million as compared to total equity of $418.48 million as on September 30th, 2010.
Kodiak Oil & Gas Corp. (AMEX:KOG)
About Kodiak Oil & Gas Corp.
Kodiak Oil & Gas Corp. (Kodiak), incorporated on March 17, 1972, is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The Companyâ€™s oil and natural gas reserves and operations are concentrated in two Rocky Mountain Basins, the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2009, the Companyâ€™s portfolio included Eastern Bakken oil play in Mountrail and Dunn Counties, North Dakota, and Vermillion Basin of southwest Wyoming. As of December 31, 2009, the Company had acquired an interest in approximately 52,000 gross (37,000 net) acres in the Eastern Bakken oil play. It has drilled its first two wells on the prospect acreage. As of December 31,
2009, the Company controlled approximately 43,000 gross acres and 16,000 net acres in the Vermillion Basin.
52 week range
$2.08 - $6.80
52 week change
Financials As per its last financial statement Kodiak Oil & Gas Corp. (AMEX:KOG) earned the total revenue of $8.13 million for the quarter ended September 30th, 2010. KOG ended with net profit of $0.36 million resulting in earning of $0.01 per share for the quarter. According to its balance as on September 30th, 2010 the company total assets accumulated to 181.19 million with high proportion of fixed assets in its composition. Current assets accumulate up to $89.95 million which covers the current liabilities by 3.08 times. The companyâ€™s high short term liquidity position is also evident from the fact that its cash and cash equivalents of $61.83 million covers the current liabilities of $29.19 million by 2.13 times.
New Gold Inc. (USA) (AMEX:NGD)
About New Gold Inc. (USA) New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil. The Companyâ€™s operating assets consist of the Mesquite gold mine (Mesquite Mine) in the United States, the Cerro San Pedro gold-silver mine (Cerro San Pedro Mine) in Mexico, and the Peak gold-copper mine (Peak Mine) in Australia. In June 2009, New Gold completed its business combination with Western Goldfields Inc., pursuant to which New Gold acquired all of the issued and outstanding common shares of Western Goldfields. In February 2010, Goldcorp, Inc. announced the acquisition of a 70% interest in the El Morro project, an advanced-stage, copper-gold project located in north-central Chile, Atacama Region. Pursuant to an agreement, El Morro is owned 70% by a subsidiary of Goldcorp, Inc. and 30% by a subsidiary of New Gold Inc.
52 week range
$3.50 - $10.29
52 week change
Financials As per financial statements ending September 30th, 2101 New Gold Inc. (USA) (AMEX:NGD) generated the total revenue of $127.12 million for the quarter. This represents the increase of 43.65 in total revenue as compared to the same period last year. The company reported the net profit of $27.45 million resulting in earnings per share of $0.07 for the quarter. The total assets accumulate up to $2.65 billion with highest proportion of fixed assets in its composition. Total current assets stand at $524.63 million having cash and cash equivalents of $391 million and inventories of $108.42 million. The company maintains a very strong short term liquidity position with the current ratio of 4.8 times which depicts that current assets are maintained 4.8 times more than the companyâ€™s current liabilities.
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