Friday, March 4, 2011

Warfare Watch For March 4; HDY, BQI, USAT

Hyperdynamics Corporation ( AMEX:HDY ) recently announced that its well management company, AGR Petroleum Services issued an invitation to tender to drilling companies as part of its exploration program offshore in the Republic of Guinea.  The tender covers the drilling of two wells plus an optional third well as agreed in the work program and budget between Hyperdynamics and Dana Petroleum last year. Dana holds a 23% interest in the project with Hyperdynamics holding the remaining 77% as operator. Hyperdynamics Corporation stock is currently trading at $6.01. The stock is up 11.48% from its previous close. Hyperdynamics Corporation shares touched the high of $6.10 and lowest price in today's session is $5.44. The company stock's beta is 2.54. The company stock traded in the range of $0.90 and $7.78 during the past 52 weeks. The company's market cap is $756.20 million. Oilsands Quest Inc. ( AMEX:BQI ) recently responded to the class action complaint filed in the U.S. District Court for the Southern District of New York. The company is alleged of an overstatement of the accounting value of the company’s assets during a three-year period between 2006 and 2009. The trading price of the company’s securities was artificially inflated during that period, to the detriment of shareholders. The company management believes that the complaint is without merit and it intends to defend this lawsuit vigorously. Oilsands Quest stock is currently trading at $0.584. The stock is up 7.12% from its previous close. Oilsands Quest shares touched the high of $0.58 and lowest price in today's session is $0.55. The company stock's beta is 0.92. The company stock traded in the range of $0.36 and $0.99 during the past 52 weeks. The company's market cap is $196.70 million. USA Technologies Inc. ( NASDAQ:USAT ) posted record quarterly revenues and gross profit, as well as positive EBITDA for the second quarter, as its products continue to gain market acceptance. The company reported second quarter revenues increased 60% to $6.0 million as compared to $3.8 million in the second quarter of the prior year, while revenue from recurring license and transaction fees increased 81% to $3.8 million compared to $2.1 million for the quarter a year ago. The gross profit for the quarter was $2.5 million, or 41% of revenue, and was up 146% as compared to $1.0 million, or 27% of revenue, in last year's fiscal second quarter. USA Technologies stock is currently trading at $2.51. USA Technologies shares touched the high of $2.75 and lowest price in today's session is $2.36. The company stock traded in the range of $0.46 and $2.75 during the past 52 weeks. The company's market cap is $65.55 million.
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