Synergy Resources Corporation (SYRG) ended last trading session with a change of 2.11 percent. It trades at an average volume of 4.94M shares versus 5.48M shares recorded at the end of last trading session. The share price of $8.24 is at a distance of 64.47 percent from its 52-week low and down -31.16 percent versus its peak. The company has a market cap of $1.65B and currently has 199.82M shares outstanding. The share price is currently 12.97 percent versus its SMA20, 19.15 percent versus its SMA50, and 21.25 percent versus its SMA200. The stock has a weekly performance of 15.08 percent and is -3.29 percent year-to-date as of the recent close.
November 03, 2016 — Synergy Resources Corporation (SYRG) reported its third quarter financial and operating results for the period ended September 30, 2016 and increases 2016 production guidance.
Third Quarter 2016 Highlights
- Revenues were $26.2 million
- Net loss was $19.2 million or $(0.10) per diluted share in the quarter which includes a full cost ceiling impairment charge of $25.5 million or $(0.13) per diluted share
- Adjusted EBITDA of $18.3 million (see further discussion regarding the presentation of adjusted EBITDA in “About Non-GAAP Financial Measures” below)
- Increased production guidance range
Arconic Inc. Common Stock (ARNC) recently recorded 1.22 percent change and currently at $19.09 is 40.39 percent away from its 52-week low and down -25.37 percent versus its peak. It has a past 5-day performance of 10.67 percent and trades at an average volume of 9.76M shares. The stock has a 1-month performance of -3.18 percent and is -12.67 percent year-to-date as of the recent close. There were about 438M shares outstanding which made its market cap $8.36B. The share price is currently -0.94 percent versus its SMA20, -8.43 percent versus its SMA50, and -10.71 percent versus its SMA200.
On November 11, 2016 Arconic Inc. Common Stock (ARNC) announced that R&D Magazine has named Arconic Micromill™ an R&D 100 Award winner. The 54th annual R&D 100 Awards, known as the “Oscars of Invention”, is an international competition that recognizes the 100 most technologically significant products introduced in the marketplace over the past year.
The Arconic Micromill technology is the fastest, most productive aluminum casting and rolling system in the world. It reduces the production time to create rolled coil from hot metal from 20 days to 20 minutes. The Micromill’s unique production process dramatically changes the microstructure of the metal, allowing for higher formability, greater strength and lighter weight at the same time. It produces metal that is 40 percent more formable and 30 percent stronger than today’s incumbent automotive aluminum, while meeting stringent surface quality requirements. Automotive parts made with Micromill material are twice as formable and at least 30 percent lighter than parts made from high-strength steel.