Basic Material Losers: General Moly (NYSEMKT:GMO), BioFuel Energy Corp. (NASDAQ:BIOF), TGC Industries (NASDAQ:TGE), IKONICS Corporation (NASDAQ:IKNX)

Technology Stocks News 17

Shares of General Moly, Inc (NYSE:GMO) saw a large increase in short interest in May. As of May 30th, there was short interest totalling 5,340,858 shares, an increase of 0.3% from the May 15th total of 5,327,381 shares, ARN reports. Approximately 7.9% of the shares of the stock are short sold. Based on an average trading volume of 374,247 shares, the short-interest ratio is presently 14.3 days. General Moly, Inc. (NYSEMKT:GMO) stock performance was -7.76% in last session and finished the day at $1.07. Traded volume was 360,924.00million shares in the last session and the average volume of the stock remained 435.45K shares. The beta of the stock remained 1.93. General Moly, Inc. (NYSEMKT:GMO) insider ownership is 4.80%.

BioFuel Energy Corp. (NASDAQ:BIOF) recently announced to have signed a definitive agreement with affiliates of Greenlight Capital, Inc.and James R. Brickman to acquire the equity interests of JBGL Builder Finance LLC as well as subsidiaries of JBGL Capital, LP. JBGL is primarily engaged in the acquisition and development of land for residential purposes, home building operations and construction lending. BioFuel Energy Corp. (NASDAQ:BIOF) dropped -6.10 percent to $6.77 Friday on volume of 237,368.00million shares. The intra-day range of the stock was $6.66 to $7.13. BioFuel Energy Corp. (NASDAQ:BIOF) has a market capitalization of $42.51million.

The annual meeting of shareholders of TGC Industries, Inc. (NASDAQ:TGE) was held on June 3, 2014. A brief description of each matter voted upon at the annual meeting, and the number of votes cast for, against, or withheld, as well as abstentions and broker non-votes, as applicable, with respect to each matter. To elect six director nominees to serve until the next annual meeting of shareholders and until their respective successors shall be elected and qualified. TGC Industries Inc (NASDAQ:TGE)’s stock on June 13, 2014 reported a decrease of -6.07% to the closing price of $4.49. Its fifty two weeks range is $4.24 -$10.01. The total market capitalization recorded $98.59million. The overall volume in the last trading session was 68,773.00million shares. In its share capital, TGE has 21.96million outstanding shares.

In April 2013,  IKONICS Corporation (NASDAQ:IKNX) announced that it is working with Lockheed Martin (LMT_), a global aerospace company, to develop a new method of machining ceramic matrix composite materials using IKONICS Corporation (NASDAQ:IKNX)’ proprietary particle beam technology. On Friday, shares of IKONICS Corporation (NASDAQ:IKNX) dropped -5.22% to close the day at $22.50. Company return on investment (ROI) is 5.60% and its monthly performance is recorded as -16.23%. IKONICS Corporation (NASDAQ:IKNX) quarterly revenue growth is -6.68%.

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