Stocks on Trader’s Radar: Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), McEwen Mining Inc (NYSE:MUX)

On Friday, Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP), subtract -24.36% and shut at $2.95 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $2.70 and $4.70. The business’ commercial center capitalization is $25.01 Billion with the aggregate fabulous loads of 20.69 million. Seanergy Maritime Holdings Corp. (the “Company”) ( NASDAQ : SHIP ) declared recently that it has reached a Securities Purchase Agreement with unassociated third party institutional shareholders, following which the Company will sell 1,305,000 shares of common stock at a purchase price of $2.75 per share for gross proceeds of $3.6 million in a registered direct offering. The closing of the transaction is expected to occur on or about November 23, 2016, subject to the satisfaction of customary closing conditions.

Maxim Group LLC acted as the exclusive placement agent for the offering.

The Company estimates that the net proceeds from the sale of the securities, after deducting placement agent’s fee, will be about $3.3 million. The net proceeds of this offering are expected to be used for general corporate purposes, counting funding of vessel acquisitions.

Specialized assessment: During the fifty two-week exchanging session the negligible rate at which extent cost exchanged, enrolled at $1.10 and came to max level of $8.65. The EPS of organization is walking around -1.59.

Shares of McEwen Mining Inc (NYSE:MUX), subtract -3.18% and shut at $2.74 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $2.70 and $2.85. The association’s commercial center capitalization is $762.28 million with the general uncommon loads of 299.53 million. McEwen Mining Inc. explores for, develops, produces, and sells precious and base metals in Argentina, Mexico, and the United States. It mainly explores for gold, silver, and copper. The company’s principal assets consist of a 49% interest in the San José Mine in Santa Cruz, Argentina; the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico; the Gold Bar project in Nevada, the United States; and the Los Azules copper project in San Juan, Argentina. It covers an area of about 730 square miles and comprises 146 mining concessions consisting of 71 approved mining claims; 54 claims that are in the application process for mining claim status; and 21 claims, principally that are for exploration only.

Specialized examination: All through the fifty two-week exchanging session the negligible expense at which extent cost exchanged, enlisted at $0.82 and came to max level of $4.92. The EPS of association is by walking at 0.04.

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