Stock in Focus: China Armco Metals - September 22, 2009
September 22 2009 - 8:35AM
Marketwired
Stock Market Alert's performance stock list includes: China Armco
Metals, Inc. (OTCBB: CNAM), Perot Systems Corporation (NYSE: PER),
Alcoa (NYSE: AA) and Agnico-Eagle Mines Limited (NYSE: AEM).
China Armco Metals, Inc. (OTCBB: CNAM), issued a press release
announcing that Armco & Metawise, Ltd. the Company's wholly
owned subsidiary, has completed delivery of iron ore to a
China-based steel company pursuant to a contract that will generate
sales of approximately $15.98 million in the third quarter of 2009.
CNAM is a distributor of imported metal ore with plans to launch a
new state of the art scrap metal recycling facility in China.
Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of
China Armco Metals, Inc., stated, "We are pleased to deliver larger
sized orders to the steel industry as we look to build on the
strong sales efforts we are making in the third quarter. We are
carrying strong momentum into the busiest sales period of the year
for our industry and remain very optimistic about our prospects for
the remainder of this year and into 2010. We believe the
environment for our customers remains strong and our anticipated
metals recycling business launch places the company in a position
to experience record performance in the coming years."
On September 9th, 2009, the company reported that Armco &
Metawise, Ltd. had completed delivery of iron ore to a China-based
steel company pursuant to a contract that will generate sales of
approximately $8 million in the third quarter of 2009.
The stock closed yesterday at $2.75 a share.
For an in-depth profile of China Armco Metals, visit
http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.
Perot Systems Corporation (NYSE: PER) up 65% on 89.8 million
shares traded.
Perot Systems is a worldwide provider of information technology
services and business solutions.
Alcoa (NYSE: AA) down 0.8% on 21.8 million shares traded.
Alcoa is the world leader in the production and management of
primary aluminum, fabricated aluminum, and alumina combined,
through its active and growing participation in all major aspects
of the industry.
Agnico-Eagle Mines Limited (NYSE: AEM) up 0.1% on 4.3 million
shares traded.
Agnico-Eagle is a long established Canadian gold producer with
operations located in Quebec, Finland and Mexico and exploration
and development activities in Canada, Finland, Mexico and the
United States.
This advertisement is provided by Wall Street Enews, a division
of Stock Market Alerts LLC, an electronic broadcaster and publisher
of this release, and hereafter referred to as "the company." The
company also maintains a contractual, working relationship with
Wall Street Capital Funding LLC. and its Wall Street News Alert
brand. For current services performed for China Armco Metals, Inc.
(OTCBB: CNAM), China Direct Industries, Inc. ("China Direct
Industries"), Dragon Capital Group Corp, China America Holdings,
and Dragon International Group Corp., the company has been
compensated a total of Three Hundred Thousand Dollars (Two Hundred
and Fifty Thousand dollars for current services and Fifty Thousand
dollars for previous services) by China Direct Investments Inc., a
Florida corporation, and a wholly owned subsidiary of China Direct.
The company does not hold any shares of the stock. Because the
company received compensation for its services, there is an
inherent conflict of interest in the company statements and
opinions and such statements and opinions cannot be considered
independent.
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