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Winston-Salem, NC, United States, 2010/06/15 - SmallCapReview - Small Cap Leading Gainers - AMEL, ZANE, RAME [OTCBB: AMEL] [Nasdaq: ZANE].
AmeriLithium Corp. (OTCBB: AMEL) $0.90, Up $0.26. Announced Monday that Cohen Independent Research Group, Inc. announced that it has updated its coverage on AmeriLithium Corp. (AMEL) a lithium exploration and mining company head-quartered in Nevada. The updated report was issued with a target price of $4.73, up from $3.63 in the previous report.
The Cohen research report stated that Lithium (Li) is one of the fastest emerging sources of clean energy. The demand for lithium is expected to grow manifold due to its diverse application and environmental friendly impact. The Company intends to capitalize on this emerging market opportunity with the acquisition of 723,969 acres of exploration properties.
The Company has already started utilizing the $10 million equity drawdown facility. AmeriLithium announced acquisition of two more properties in Nevada, USA, Clayton Deep and Full Monty. Initial tests conducted on these properties by US Geological Survey have yielded significant mineral deposit estimates.
AmeriLithium Corp. (AMEL) is a lithium exploration and mining company . The Company primarily targets the automobile sector which is experiencing a paradigm shift towards non-fossil fuel based cars. AMEL remains focused on expanding through strategic acquisition of properties with rich mineralization prospects.
The Company has acquired exploration lands of approximately 723,969 acres, which includes two Nevada-based projects in the US, one project in Alberta, Canada and 3 projects in Western Australia.
Zanett, Inc. (Nasdaq: ZANE) $2.31, Up $0.90. Today announced that it is very pleased with rate of contracts closed in the period Q2-to-Date 2010. Between the period of April 1, 2010 and the present, over $12.6 million dollars in new business has been closed. This amount of revenue is comprised of 37 different customers, with the largest customer being responsible for a $7.5 million mandate. Year-to-Date, over $29.7 million of new business has been signed. The bulk of this revenue is expected to be realized within the next 12 months.
Zanett provides business and technology consulting services that enable organizations to enhance effectiveness, respond quickly to changing business dynamics, and deliver timely management information.
RAM Energy Resources (Nasdaq: RAME) $2.20, Up $0.43. Today announced that its Board of Directors has authorized management to investigate a broad range of strategic alternatives available to the company, including a sale, refinancing or recapitalization of the company, all with a view to enhance shareholder value. The company has engaged Jefferies & Company, Inc. as its exclusive financial advisor to assist in this strategic review process.
In the meantime, the company has not altered its business plans or amended its previously disclosed capital budget and continues with the drilling and development program outlined at the beginning of the year in a continued effort to grow reserves.
RAM Energy Resources, Inc. is an independent energy company engaged in the acquisition, exploitation, exploration, and development of oil and gas properties and the marketing of crude oil and natural gas.
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