Worth Watching Active Stock’s News Update: Hecla Mining Company (NYSE:HL), Seadrill Ltd (NYSE:SDRL)

On Tuesday, Shares of Hecla Mining Company (NYSE:HL), included 1.95% and shut at $6.26 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $5.99 and $6.30. Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers. It owns 100% interests in the Greens Creek mine located on Admiralty Island in Southeast Alaska; the Lucky Friday unit located in the Coeur d’Alene mining district in northern Idaho; the Casa Berardi mine located in the Abitibi region of north-western Quebec, Canada; and the San Sebastian unit located in the state of Durango, Mexico.

Shares of Seadrill Ltd (NYSE:SDRL), added 1.63% and shut at $2.50 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $2.36 and $2.56. The association’s commercial center capitalization is $1.25 Billion with the general uncommon loads of 502.44 million. Highlights

Revenue of $743 million

Operating income of $247 million

EBITDA of $441 million

95% economic utilization

Stated Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments mainly regardingSeadrill Partners.

Underlying Net Income , apart from non-recurring items and non-cash mark to market movements on derivatives,was $135 million and earnings per share was $0.28.

Cash and cash equivalents of $1.3 billion

Seadrill Limited orderbacklog of about $3.0 billion

Commenting recently, Per Wullf, CEO and President of Seadrill Administration Ltd., said: “The offshore drilling market continues to be challenging however we are seeing an improvement in the level of bidding activity.  Most of the new work is for short term contracts at or near cash flow breakeven levels, and 2017 is expected to remain challenging. However, we expect the market to gradually improve as costs have been reset across the value chain and more drilling activity will be needed to avoid accelerated production declines.”

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