In trading on Thursday, rental, leasing, & royalty shares were relative leaders, up on the day by about 3% as a group. Leading that group, shares of Research Frontiers (NASDAQ:REFR) are up about 14% on the day. Research Frontiers saw insider buying by director Alexander Kaganowicz on Monday and Tuesday of last week between $5 and $5.10. Dr. Kaganowicz must be smiling today, with the stock now around $7. Research Frontiers is a smallcap company, with a market cap of only about $160 million. Another strong gainer in this sector today is symbol ECT, which is the ECA Marcellus Trust I, gaining about 6% on the day.
Also showing relative strength are non-precious metals & non-metallic mining shares, up on the day by about 2.2% as a group, led by Augusta Resource (AZC) which trading up by about 90%. Augusta had fallen sharply yesterday, opening at $1.61 but falling all the way to 63 cents. After the close, the company announced it secured a $26 million dollar increase to a loan facility, and today shares have rebounded to about $1.20, still far below where shares had opened yesterday but a sharp one day gain. Another strong showing in the sector is from Globe Specialty Metals (NASDAQ:GSM), trading up by about 2.8% on Thursday.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.