Article Details

Source: The Bull Premium

URL: http://www.thebull.com.au/articles/a/21391-stocks-to-watch:-bull-&-bear---wec-&-csr.html

Summary

Top Gainer: White Energy (WEC)

After hitting an all-time high of $4.16 nine months ago on 11th October 2010, WEC has been in freefall, and now sits at less than half that amount. Despite today’s 11.7% surge taking its two-day gains to 15.1%, it sits languishing near its post-GFC lows at just $2.06 – the same level it was at in early 2007. It was the failed A$486m Cascade coal transaction that was the catalyst for the recent share price decline, with many investors seeing this as proof that its technology simply didn’t work.

However it should make investors confident that one of WEC’s directors John Kinghorn has recently doubled his stake in the company, spending $19.2 million to become a substantial shareholder with 6.3 per cent of WEC.