Canada’s Rio Alto Mining Ltd (NYSE:RIOM) said on Wednesday it would buy Sulliden Gold Corp Ltd for about C$300 million ($275 million) in an all-stock deal to create a Peru-focused gold miner. After the announcement Rio Alto Mining Ltd (NYSE:RIOM)’s stock fell on concerns the price it was paying was steep. The friendly takeover will combine Rio Alto Mining Ltd (NYSE:RIOM)’s producing La Arena gold mine with Sulliden’s nearby Shahuindo project to create a combined company with near-term production potential of about 300,000 ounces of gold per year. Rio Alto Mining Ltd (NYSE:RIOM) stock performance was 5.52% in last session and finished the day at $1.91. Traded volume was 698,231 shares in the last session and the average volume of the stock remained 321.25 thousand shares. The beta of the stock remained 0.22.
JGWPT Holdings Inc. (NYSE:JGW) announced May 21, 2014 that its Board of Directors has approved a share repurchase program, authorizing the Company to use up to an aggregate of $15 million to repurchase shares of the Corporation’s issued and outstanding Class A common stock, par value $0.00001 per share (“Class A Common Stock”). Purchases by the Company under this program may be made from time to time in open market purchases, privately negotiated transactions, accelerated stock repurchase programs, issuer self-tender offers or otherwise in accordance with applicable federal securities laws, and as determined by the Company’s management. JGWPT Holdings Inc (NYSE:JGW) rose 6.26 percent to $10.35 yesterday on volume of 736,214 shares. The intra-day range of the stock was $9.79 to $11.00. JGWPT Holdings Inc (NYSE:JGW) has a market capitalization of $2.37 million.
In an effort to modernize its mission-critical HP Open VMS Alpha Systems, the State of Nevada Gaming Control Board selected CIBER, Inc. (NYSE:CBR)’s Application Development and Management practice to migrate existing data into a new, CIBER, Inc. (NYSE:CBR)-designed custom solution. As a global IT consulting company, CIBER earned this opportunity based on its 40 years of custom application development experience, modernization tools and code accelerators. Additionally, CIBER already has long-standing engagements underway with other State of Nevada agencies. CIBER, Inc. (NYSE:CBR)’s stock on May 22, 2014 reported an increase of 6.89% to the closing price of $4.50. Its fifty two weeks range is $3.08 -$4.91. The total market capitalization recorded $349.37 million. The overall volume in the last trading session was 787,744 shares. In its share capital, CIBER, Inc. (NYSE:CBR) has 77.64 million outstanding shares.
ReneSola Ltd. (ADR) (NYSE:SOL) on May 21 announced the appointment of Jason Wu as the Company’s vice president of marketing. In this newly created position, Mr. Wu will oversee the Company’s global marketing, new product management, as well as brand enhancement. Prior to joining ReneSola, Mr. Wu was vice president of global solutions for Huawei Technologies, a global leading telecommunications technology provider, where he was directly responsible for Huawei’s worldwide sales and marketing operations. On Thursday, shares of ReneSola Ltd. (ADR) (NYSE:SOL) advanced 8.95% to close the day at $2.80. Company return on investment (ROI) is -21.50% and its monthly performance is recorded as -9.39%. ReneSola Ltd. (ADR) (NYSE:SOL) quarterly revenue growth is -20.90%.