Message: AGORACOM Small Cap TV - September 6th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s September 6th, 2011, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Sutor Technology Group Limited Announces Preliminary Financial Results for Fiscal 2011 Fourth Quarter
Sutor Technology Group Limited (the "Company", "Sutor") (Nasdaq:SUTR - News), a leading China-based private manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, today announced preliminary financial results for the fourth fiscal quarter ended June 30, 2011.
Based on preliminary estimates, the company anticipates that its revenues, gross profits, gross margin, net income and earnings per share will be as follows:
|
(All amounts, other than EPS, in millions of U.S. dollars) |
||||
|
Q4 FY2011 |
Q4 FY2010 |
Change (%) |
||
|
Revenue |
129.0 |
125.3 |
3.0% |
|
|
Gross Profits |
13.9 |
10.5 |
32.4% |
|
|
Gross Margin |
10.8% |
8.3% |
30.1% |
|
|
Net income |
5.4 |
3.4 |
58.8% |
|
|
EPS (diluted) |
$0.13 |
$0.09 |
44.4% |
About Sutor Technology Group Limited
Sutor (Nasdaq:SUTR - News) is a leading private China-based manufacturer and distributor of high end fine finished steel products and welded steel pipes used by a variety of downstream applications. The Company utilizes a variety of in-house developed processes and technologies to convert steel manufactured by third parties into fine finished steel products, including hot-dip galvanized steel, pre-painted galvanized steel, acid-pickled steel, cold-rolled steel and welded steel pipe products.
Last Trade: 1.4852 Week: 2.40 – 0.85Market Cap:60.3 Million
Argentex Drills 3.00 Meters of 3.18 g/t Au and 501.3 g/t Ag at Marta Oeste Vein at Pinguino Project
Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCBB:AGXMF) is pleased to release additional drill results from its recently completed 2011 exploration program at the Pinguino project, located in the Santa Cruz province of Argentina. The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received sample results from 11,840 meters of drilling from 133 of the 206 holes, with approximately 35% of holes remaining to be processed in the lab.
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Drill HoleFromToIntervalGoldSilver (ii)Silver
(m)(m)(m)(i)(g/t)(g/t)Eq (g/t)
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PR124-1121.0051.0030.000.4161.579.6
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including30.0033.003.003.18501.3642.6
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PR126-1118.0039.0021.000.1023.427.6
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including30.0031.001.000.34166.0181.3
About Pinguino
Argentex's 10,000-hectare Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The Deseado Massif is an active region of mining with four precious metal mines currently in production, and includes multiple active advanced and early stage exploration projects.
About Argentex:
Argentex Mining Corporation is an exploration company focused on the discovery of silver, gold and polymetallic deposits on its advanced exploration project portfolio in the Patagonia region of southern Argentina. In total, Argentex owns 100% of the mineral rights to more than 35 properties located within approximately 307,981 acres (124,636 hectares) of highly prospective land located in the Santa Cruz and Rio Negro provinces.
Last Trade: 0.78752 Week: 1.73 – 0.47Market Cap: 55.75 Million
Quaterra Announces Additional High-Grade Gold Intercept by Partner Grande Portage at Herbert Glacier, Alaska
Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) today announced that additional high-grade gold samples have been intercepted in a 2011 core drilling program by Grande Portage Resources Ltd., its partner and operator at the Herbert Glacier gold project located near Juneau, Alaska.
Main vein
Drill hole 11D-1, drilled from the easternmost platform on the Main vein, intersected a quartz vein showing strong visible gold. The hole, drilled at an azimuth of 233 degrees and an angle of -45 degrees, intersected 3.05 meters (true width 1.74 meters) averaging 2.314 oz/ton gold and 3.1 oz/ton silver beginning at a downhole depth of 136.24 meters. This interval includes a higher-grade zone of 0.71 meters of 6.628 oz/ton gold and 5.61 oz/ton silver.
Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) is a junior exploration company focused on making significant mineral discoveries in North America. The Company uses in-house expertise and its network of consultants, prospectors and industry contacts to identify, acquire and evaluate prospects in mining-friendly jurisdictions with the potential to host large and/or high-grade base and precious metal deposits.
Last Trade: 1.2152 Week: 2.21 – 1.10Market Cap: 173. 39 Million
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