{"id":168,"date":"2012-06-08T01:03:00","date_gmt":"2012-06-08T05:03:00","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=168"},"modified":"2012-06-08T01:03:00","modified_gmt":"2012-06-08T05:03:00","slug":"applied-minerals-continues-to-drop-after-appointing-new-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/applied-minerals-continues-to-drop-after-appointing-new-chief-financial-officer-168","title":{"rendered":"Applied Minerals Continues to Drop after Appointing New Chief Financial Officer"},"content":{"rendered":"<p>Applied Minerals (OTC: AMNL) dropped another 1.32% today, to a share price of $1.50, continuing to shave off investors\u2019 returns for over a month. On May 29, 2012, the company appointed a new chief financial officer, but that has not helped the company\u2019s stock to find its way back on the chart.<\/p>\n<p>Applied Minerals has an overall above average performance at over-the-counter market this year. Despite its recent share price drop, the stock has had an 18.11% total gain from the start of 2012. The stock rallied higher each day before April 27, when it peaked at a share price of $1.89. Applied Minerals has been dropping since that point.<\/p>\n<p>Applied Minerals has had some major changes in human resources:<\/p>\n<ul>\n<li>On June 6, 2012, Applied Minerals appoints material sciences expert Professor Roger Rothon to create a new Technical Advisory Board.<\/li>\n<li>On May 29, 2012, Applied Minerals announced the appointment of Nat Krishnamurti as the Company&#8217;s Chief Financial Officer. Mr. Krishnamurti replaced the company&#8217;s Interim Chief Financial Officer, Chris Carney, who assumed the role of Vice President for Business Development and Corporate Strategy.<\/li>\n<\/ul>\n<p>Applied Minerals is involved in the development and exploration of mineral properties, mostly halloysite clay in U.S. This halloysite clay is used as an active ingredient in agricultural application, paint application, pharmaceutical products and cosmetics. The company owns the Dragon Mine land, which covers about 230 acres situated in the Juab region of Utah. The company was previously identified as Atlas Mining Company and altered its given name to Applied Minerals in October 2009.<\/p>\n<p>The mineral extracted from the land was used mainly as a constituent of a petroleum-breaking product. The Dragon Mine property in addition encompasses five waste stacks containing substances, which can be developed to make a variety of halloysite goods of diverse percentages of purity. Applied Minerals possesses about 900 acres of land and exclusive mining rights and 260 acres of mineral claims and rights, situated in the Coeur d&#8217;Alene mining region.<\/p>\n<p>On February 15, Roth Capital commenced on Applied Minerals along with a buy of PT $4.00. The company\u2019s share closed at $1.34 by February 14, in-between a 52-week range of $0.65-$2.14.<\/p>\n<p>The Company encompasses dry-process equipment at its Dragon Mine with which it is capable of processing the substance from the reserved parts of the Dragon Mine. Additionally, the corporation has a tax contract with KaMin Performance Minerals, to use a damp process machinery, to sell the stuff from the waste stacks. The Company promotes its brand of halloysite-based merchandise using the Dragonite brand name. Applied Minerals creates and promotes Dragonite-HP as its halloysite preservative and Dragonite-XR as its halloysite useful filler.<\/p>\n<p>A PER or Price Earning ratio is a way to analyze a company\u2019s probable revenues based on past records. The PEG ratio for Applied Minerals relies on probable incomes for next 12 months ending up by 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applied Minerals (OTC: AMNL) dropped another 1.32% today, to a share price of $1.50, continuing to shave off investors\u2019 returns for over a month. On [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[49],"stock_ticker":[],"class_list":["post-168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-cap-stock-news","tag-amnl","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Applied Minerals Continues to Drop after Appointing New Chief Financial Officer - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/applied-minerals-continues-to-drop-after-appointing-new-chief-financial-officer-168\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Applied Minerals Continues to Drop after Appointing New Chief Financial Officer - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Applied Minerals (OTC: AMNL) dropped another 1.32% today, to a share price of $1.50, continuing to shave off investors\u2019 returns for over a month. 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