Basic Material Gainers: Senomyx Inc. (NASDAQ:SNMX), NovaGold Resources Inc. (USA) (NYSEMKT:NG), Rare Element Resources Ltd (NYSEMKT:REE), Molycorp Inc (NYSE:MCP)

Technology Stocks News 19

Senomyx, Inc. (NASDAQ:SNMX), a leading company using proprietary taste science technologies to discover, develop and commercialize novel flavor ingredients for the food, beverage and flavor industries, announced on 29 May 2014 the appointment of Catherine C. Lee to the position of Vice President, General Counsel and Corporate Secretary. Ms. Lee has more than 15 years of experience with publicly traded and privately held companies. Senomyx Inc. (NASDAQ:SNMX) stock performance was 5.24% in last session and finished the day at $7.83. Traded volume was 602,581.00million shares in the last session and the average volume of the stock remained 714.83K shares. The beta of the stock remained 1.29. Senomyx Inc. (NASDAQ:SNMX) insider ownership is 0.20%.

NovaGold Resources Inc. (USA) (NYSEMKT:NG) rose 5.54 percent to $3.24 Wednesday on volume of 2.13million shares. The intra-day range of the stock was $3.06 to $3.30. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has a market capitalization of $1.03billion.

A $500 million rare-earth mineral mine could soon dig in to the foothills southeast of Devils Tower National Monument. The proximity to a national treasure has put some on high alert, but for others the mine signifies solid economic opportunities for an area that defines small-town Wyoming. Rare Element Resources Ltd. (NYSEMKT:REE), headquartered in Lakewood, Colorado, is the company seeking to place the mine that will extract rare earths used extensively in electronics such as computers and smartphones. There is only one other rare-earths mine in the United States. Most of the world’s current supply comes from China. Rare Element Resources Ltd (NYSEMKT:REE)’s stock on June 03, 2014 reported a increase of 5.79% to the closing price of $1.28. Its fifty two weeks range is $1.10 -$3.50. The total market capitalization recorded $57.73million. The overall volume in the last trading session was 364,060.00million shares. In its share capital, REE has 47.70million outstanding shares.

A pathetic first quarter and a myopic earnings guidance resulted in Molycorp Inc (NYSE:MCP)’s share price sliding down the avalanche, in May 2014. The company reported losses of 29 cents/share – greater than the losses of 17 cents/share in Q1-2013. Revenues too dropped 18%, to $118.5 million, YoY. On Wednesday, shares of Molycorp Inc (NYSE:MCP) advanced 11.60% to close the day at $2.79. Company return on investment (ROI) is -10.50% and its monthly performance is recorded as -40.38%. Molycorp Inc (NYSE:MCP) quarterly revenue growth is -43.75%.

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