Worth Watching Active Stock’s News Update: Southwestern Energy Company (NYSE:SWN), Kinross Gold Corporation (USA) (NYSE:KGC)

On Friday, Shares of Southwestern Energy Company (NYSE:SWN), subtract -2.57% and closed at $9.84 in the last trading session. The last trading range of the stock ranges between $9.74 and $10.12. The company’s Market capitalization is $4.91 Billion with the total Outstanding Shares of 495.45 million. Shareholder rights law firm Robbins Arroyo LLP declares that a class action complaint was filed against Southwestern Energy Company (NYSE: SWN, SWNC) in the District Court of Harris County, Texas. The complaint is brought on behalf of all purchasers of Southwestern securities following the company’s January 15, 2015, convertible preferred stock offering (the “Offering”), for alleged violations of the Securities Act of 1933 by Southwestern’s officers and directors. Southwestern, an independent natural gas and oil company, explores for, develops, and produces natural gas and oil mainly in the United States.

According to the complaint, on January 15, 2015, Southwestern conducted the Offering, selling 30 million depositary shares at a price of $50 per share, and gaining net proceeds of $1.672 billion. Southwestern’s Registration Statement, filed with the U.S. Securities and Exchange Commission in support of the Offering, stated that the company’s long-term outlook for the business is favorable and that its resource base, financial strength, and disciplined capital would provide the company with an opportunity to grow through new exploration and development activities. However, the complaint alleges that the Registration Statement Southwestern issued contained misleading statements and omitted material information. Specifically, the company failed to disclose that it was experiencing severe liquidity and debt issues that threatened its ability to continue its drilling activities.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $5.00 and reached to max level of $15.59. The EPS of company is strolling at -11.74.

Shares of Kinross Gold Corporation (USA) (NYSE:KGC), dropped -9.22% and closed at $3.25 in the last trading session. The last trading range of the stock ranges between $3.24 and $3.60. The company’s Market capitalization is $3.66 Billion with the total Outstanding Shares of 1.24 billion. Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, development, and production of gold properties. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It also produces and sells silver. As of December 31, 2015, its proven and probable mineral reserves included 34.0 million ounces of gold, 41.0 million ounces of silver, and 1.4 billion pounds of copper.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $1.31 and reached to max level of $5.82. The EPS of company is strolling at -0.72.

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