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Big Mover; Goldfield Corporation (GV)

By Warren Paige

Shares of Goldfield Corporation (AMEX: GV), a company engaged in electrical construction, are soaring in trading today.

At last check, GV shares were trading 13.69% higher at $1.91 on above average volume of 708,384. The stock gained 22.78% in the last three trading sessions.

Goldfield last month released its first-quarter financial results. GV reported first-quarter revenue of $17.7 million, compared with $8.9 million reported for the same period in the previous year. The increase was primarily due to higher electrical construction revenue.

GV’s operating income for the quarter ended March 31, 2012 was $2.7 million, compared with an operating loss of $1,000 reported for the same period in the previous year.

John H. Sottile, President and CEO of Goldfield, said last month that the prospects for GV’s electrical construction business are brighter today than at any time in recent history.

 

June 8th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.