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Stock Market & Financial Investment News

News Breaks
September 20, 2011
15:16 EDTSCOKSinoCoking Coal plans to issue detailed response to negative blog posts
SinoCoking Coal and Coke Chemical Industries said that it plans to issue a shareholder letter to address and respond to each of the allegations made in a negative blog report published by a disclosed short-seller. The company said it will notify shareholders when the forthcoming letter has been posted via a press release.
News For SCOK From The Last 14 Days
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November 25, 2014
09:20 EDTSCOKOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Signet Jewelers (SIG), up 2.6%... Tiffany (TIF), up 4.8%... Nuance Communications (NUAN), up 5.1%... Brown Shoe (BWS), up 6.6%... Cracker Barrel (CBRL), up 3.1%... Qihoo 360 (QIHU), up 5.8%... DSW (DSW), up 7.3%. ALSO HIGHER: SinoCoking Coal (SCOK), up 27.9% after aboveground facility operating at 100% capacity. DOWN AFTER EARNINGS: Xcerra (XCRA), down 7.4%... Workday (WDAY), down 8.4%... Brocade (BRCD), down 3.8%... Post (POST), down 7.5%. ALSO LOWER: Wet Seal (WTSL), down 15.8% after announcing that it has not set a timetable for review of strategic and financial alternatives... Medgenics (MDGN), down 11.1% after 5.125M share Spot Secondary priced at $4.10... Pandora (P), down 3.7% after being downgraded to Underperform from Market Perform at FBR Capital... Cyberark Software (CYBR), down 3.7% after receiving multiple downgrades.
07:11 EDTSCOKSinoCoking Coal aboveground facility operating at 100% capacity
SinoCoking Coal and Coke Chemical Industries announced that its aboveground facility for the conversion of carbon dioxide into clean-burning syngas has achieved its initial production target of 25,000 cubic meters per hour and is currently transporting syngas to three customers and agents in and around its facility in Pingdingshan. Based on the current price of 13.9c per cubic meter for syngas, the gross revenue generated per day by the aboveground facility is approximately $83,280. Gross profit margin is expected to be between 45% and 50%. According to the company, the new facility is one of the few in China that can produce 25,000 cubic meters of syngas per hour.

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