Home / Eco-Finance / Active Mover in Focus: Paragon Shipping (NASDAQ:PRGN), Pinnacle Entertainment Inc. (NASDAQ:PNK)

Active Mover in Focus: Paragon Shipping (NASDAQ:PRGN), Pinnacle Entertainment Inc. (NASDAQ:PNK)

Paragon Shipping Inc. (NASDAQ:PRGN) [Trend Analysis] released following updates on its debt agreements, new building contracts and other corporate actions. The firm has signed a contract with Jiangsu Yangzijiang Shipbuilding Co., or Yangzijiang, to extend the deliveries of its three Kamsarmax newbuilding drybulk carriers, to September 30, 2016, October 31, 2016 and November 30, 2016, respectively, subject to certain conditions. In January 2016, firm decide with Bank of Ireland to apply total net proceeds from the sale of M/V Kind Seas towards an immediate prepayment of the loan facility. An amount of $2.2 million was written-off and the remaining amount of $2.2 million, plus accrued interest, was converted into a PIK Note.

Paragon Shipping Inc. (NASDAQ:PRGN) luring active investment momentum, shares an advance 573.34% to $1.75. The total volume of 24.03 Million shares held in the session was surprisingly higher than its average volume of 165.02 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -66.30%.

Pinnacle Entertainment Inc. (NASDAQ:PNK) [Trend Analysis]and Gaming and Leisure Properties, Inc. (GLPI) declared that firm have successfully completed the previously announced transactions pursuant to which GLPI has acquired substantially all of Pinnacle’s real estate assets.

The acquisition was effected through a series of transactions, including the spin-off of Pinnacle’s operating business, real property of Belterra Park Gaming and Entertainment Center and certain undeveloped land from the former Pinnacle Entertainment, Inc. (“Former Pinnacle”) into a new, standalone publicly traded company. Following the Spin-Off, Former Pinnacle was merged with and into a wholly owned subsidiary of GLPI and the Pinnacle operating company was renamed Pinnacle Entertainment, Inc.

Several matter pinch shares of Pinnacle Entertainment Inc. (NASDAQ:PNK), as shares moving down -0.05% to $38.86 with a share volume of 5.62 Million. The stock is going forward its 52-week low with 47.31% and moving down from its 52-week high price with -6.72%. To have technical analysis views, liquidity ratio of a company was calculated 0.70 as evaluated with its debt to equity ratio of 10.27.

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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