As U.S. stocks extended its gain on Tuesday for the third straight session on solid earnings on continuous optimism about job data. Following are the notable AMEX stocks which had seen unusual volume on Tuesday.
Cheniere Energy, Inc. (AMEX:LNG) shares fell 0.22% and closed at $13.68 in the last trading session. The company yesterday reported a second-quarter net loss of $73.0 million, or $0.43 per share, as compared to a net loss of $47.2 million, or $0.67 per share in the year ago quarter. Total revenues declined to $62.33 million from $72.81 million in the prior year quarter. Analysts expected the company to report a loss of $0.19 per share on revenue estimate of $74.50 million for the quarter.
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Vringo, Inc. (AMEX:VRNG) shares climbed 8.94% and closed at $3.90 in the previous trading session. According to public filings, AOL has settled on their own Patent infringement suit with Vringo but still remains a defendant in the Litigation against Google. According to several publications, a settlement in favor of Vringo could be worth hundreds of millions of dollars in while a win could top over into the billions of dollars, but investors will have to wait until October 16, 2012 when Vringo is scheduled to go to trial on the larger case.
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Rentech, Inc. (AMEX:RTK) shares gained 3.35% and closed at $2.16 in yesterday’s session. The 52 week trading range for the company is $0.72 - $2.40. The shares of the company have soared 120% in the last one year. The company is a provider of clean energy solutions. The Company owns and operates a nitrogen fertilizer plant in East Dubuque, Illinois, that manufactures and sells natural gas-based nitrogen fertilizer products within the corn-belt region in the United States.
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NovaGold Resources Inc. (USA) (AMEX:NG) shares jumped 4.05% and closed at $3.85 in the last trading session after the company announced that Donlin Gold LLC, owned equally by wholly-owned subsidiaries of NovaGold and Barrick Gold Corporation, has commenced permitting of the Donlin Gold Project located in Alaska. This announcement follows the Donlin Gold LLC Board of Directors recent approval of the Project's Updated Feasibility Study. Barrick Gold and NovaGold have expressed that they are committed to advance the project through permitting.
New Gold Inc. (USA) (AMEX:NGD) shares increased 0.38% and closed at $10.44 in the previous trading session. The shares of NGD had its price target upped by Mackie from $9.00 to $9.50 in a research report sent to investors last week. The firm currently has a hold rating on the stock. The company is engaged in gold mining and related activities, including acquisition, exploration, extraction, processing and reclamation.
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VirnetX Holding Corporation (AMEX:VHC) shares gained 0.95% and closed at $27.66 in yesterday’s session. On August 3, 2012, VirnetX Holding and NEC Corporation and NEC Corporation of America announced that on August 2, 2012, they signed a Patent License Agreement. Under the terms of the Agreement, VirnetX has agreed to license certain of its patents to NEC Corporation and NEC Corporation of America, for a one-time payment to VirnetX and an ongoing reasonable royalty on future sales as outlined in the Agreement with respect to certain current and future IP telephony products supporting encrypted communications.