Cemtrex, Inc. (CETX – $3.18), a diversified industrial and manufacturing technology company continues to make outstanding financial and operational progress.
In the first six months of fiscal year 2015, ended March 31, 2015, Cemtrex’ net sales were $28.1 million compared with $20.5 million in 2014, an increase of 37.3%. In addition, net income for the six months ended March 31, 2015 reached $1.47 million, or $0.04 per share, compared with $1.18 million, or $0.03 per share in 2014, a 24% increase in both net income and earnings per share.
Thanks to these results, and its solid balance sheet, Cemtrex was able to uplist to the NASDAQ market a few days ago. Its new ticker symbol is CETX. One of the last remaining steps to meet all the requirements to move to NASDAQ was its stock price, which was [click to continue…]
Hormel Foods Corporation, the $15 billion dollar company known for its numerous meat and food products, is introducing Spam Snacks, dried, bite-sized flavored pieces of the iconic canned meat.
What may sound as a regular product launch, is in fact a very important event because these snacks are produced with EnWave Corporation’s (TSXV:ENW – $1.00 CAD & OTC:NWVCF – $0.72 USD) Radiant Energy Vacuum (REV) technology.
During an investor presentation, held a few days ago, Hormel unveiled the snacks, which are available in three flavors: classic, bacon and teriyaki. Spam Snacks will launch this summer in a number of select markets and grocery stores in the United States. If the launch is successful, the snacks will be introduced across the U.S.
James Splinter, group vice-president of Hormel’s Grocery Products unit commented, “This represents a breakthrough [click to continue…]
LiqTech International (LIQT – $0.88), the clean technology Company that manufactures and markets highly specialized filtration systems based on its unique silicon carbide membranes, is starting to reap the benefits from its strategic changes it implemented mid-2014.
After the acquisition of Provital Solutions in July 2014, and a management change, LiqTech evolved from only delivering membranes to other system integrators, to providing complete filtration solutions to its customers.
The market response to this new strategy has been very positive. As a matter of fact, the dollar amount of new orders received so far in 2015 equals the Company’s total revenues for 2014. [click to continue…]
Until recently, food processing companies had to choose between minimizing their drying costs or producing premium dried products. Thanks to EnWave Corporation’s (TSXV:ENW – $1.00 CAD & OTC:NWVCF – $0.84 USD) Radiant Energy Vacuum (REV) technology, companies no longer have to choose, as they’re able to produce high-value dried products at a much lower cost.
More and more companies are benefitting from this technology and as a result, in the second quarter, ended March 31, 2015, EnWave, for the first time in its history, reported a net income (including foreign exchange translation). Sales for the quarter were $5.4 million, up more than tenfold compared with the same period last year. Income for the quarter was $23,552 versus a loss of $2,177,847 in the second quarter of fiscal year 2014. And it certainly doesn’t stop there. [click to continue…]
A few days after we first recommended Solitario Exploration & Royalty Corp. (NYSE MKT:XPL – $0.66 USD & TSX:SLR – $0.82 CAD), the Company sold its 80% interest in the Mt. Hamilton gold project in Nevada to Waterton Nevada Splitter, LLC.
On closing of the agreement, Solitario will receive US$24 million and its 20% partner in the project, Ely Gold will receive US$6 million.
The transaction is subject to customary closing conditions, including regulatory approvals and shareholder approval. Shareholder meetings for both Solitario and Ely Gold are expected to be held in Q3 2015, with the closing of the transaction soon thereafter.
Solitario and Ely Gold’s Board of Directors have each determined [click to continue…]
A few months ago we introduced EuroSite Power Inc (EUSP – $1.00), a very interesting on-site utility provider that generates electricity, heat, hot water and cooling for the UK market. Because the Company keeps making strong progress and is getting closer to being cash flow positive, we figured it was an excellent time to conduct an interview. So we invited Mr. John N. Hatsopoulos, the Chairman of the Board and Mr. Paul Hamblyn, the Managing Director of EuroSite Power.
Mr. Hatsopoulos gives plenty of valuable information about the history and the activities of EuroSite, while Mr. Hamblyn explains the Company’s business model in more detail on the basis of a recently [click to continue…]
One of the commodities that began a strong revival last year is uranium. After the March 2011 meltdown at the Fukushima nuclear power plant in Japan, uranium prices collapsed from about $74/lb to a low of $29/lb. However, since Japan commenced the process to restart some of its 43 idled power reactors, the uranium price has slowly increased to about $35/lb, up more than 20 percent compared with its low.
Because of this trend, we looked for an attractive small cap uranium related stock and found Azarga Uranium, which we recommended late last year. The stock hasn’t done much yet, but it usually takes years before these massive commodities markets move one way or the other. Once in motion though, the trend is hard to stop.
Another strong trend on the horizon in the commodities market is the rise of the price of zinc. This is going to take place in the following quarters and years, simply because demand for zinc is increasing, while [click to continue…]