Basic Material Volatile Stocks: MagneGas Corporation (NASDAQ:MNGA), Synthesis Energy Systems, Inc. (NASDAQ:SYMX), Timmins Gold Corp (NYSEMKT:TGD), Whiting USA Trust (NYSE:WHX)

MagneGas Corporation (NASDAQ:MNGA) on May 12 announced its financial results for the fiscal quarter ended March 31, 2014. Revenues for the three months ended March 31, 2014 increased 46% over the same period 2013 and were $191,601 and $130,840, respectively. Operating expenses decreased for the quarter to $1,482,931 versus $1,631,050 for the same period prior year. The Company had an ending cash balance of $7,117,314 on March 31, 2014 versus $216,523 on December 31, 2013. MagneGas Corporation (NASDAQ:MNGA) stock performance was 15.44% in last session and finished the day at $1.72. Traded volume was 8.48million shares in the last session and the average volume of the stock remained 3.00million shares. The beta of the stock remained 0.79. MagneGas Corporation (NASDAQ:MNGA) insider ownership is 1.30%.

Synthesis Energy Systems Inc (NASDAQ:SYMX) announced that its wholly owned subsidiary, SES Technologies LLC, Shanghai based Jiangsu Tianwo SES Clean Energy Technologies Limited and Midrex Technologies, Inc, a subsidiary of Kobe Steel Limited have entered into an exclusive agreement for the joint marketing of coal gasification based direct reduced iron facilities in China. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) rose 8.92 percent to $1.71 Monday on volume of 646,146.00million shares. The intra-day range of the stock was $1.59 to $1.85. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) has a market capitalization of $124.51million.

Timmins Gold Corp. (NYSEMKT:TGD) is aware that Sentry Investments intends to run a dissident slate to replace six of the eight existing members of the Timmins Gold board of directors (the “Board”). The Board is committed to considering the views of all of the shareholders of the Company and is confident that it can resolve this matter in a manner that is in the best interests of the Company and all of the Company’s shareholders. The Board’s process will include working with an independent consultant to consider the qualifications of the nominees of Sentry Investments and other potential candidates. Timmins Gold Corp (NYSEMKT:TGD)’s stock on 02 June, 2014 reported a increase of 8.80% to the closing price of $1.36. Its fifty two weeks range is $0.97 -$2.69. The total market capitalization recorded $204.22million. The overall volume in the last trading session was 851,939.00million shares. In its share capital, TGD has 163.38million outstanding shares.

Whiting USA Trust (NYSE:WHX) bounced notably higher here right above some near-term support at $2.75 to $2.68 with above-average volume. This spike higher on Thursday, 15 May 2014 is quickly pushing shares of WHX within range of triggering a big breakout trade. That trade will hit if WHX clears some key near-term overhead resistance levels at $2.98 to $3.11 with strong upside volume flows. On Monday, shares of Whiting USA Trust (NYSE:WHX) advanced 7.10% to close the day at $1.96. Company return on investment (ROI) is 165.20% and its monthlyperformance is recorded as -19.34%. Whiting USA Trust (NYSE:WHX) quarterly revenue growth is -55.96%.