Chevron Corporation (NYSE:CVX)- Active Movers in Hot Line: Long Island Iced Tea Corp. (NASDAQ:LTEA)

Chevron Corporation (NYSE:CVX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.29% to $118.42. Chevron Corp. (CVX) reported that its wholly-owned subsidiaries have entered into a sales and purchase contract with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets.

In Indonesia, Chevron subsidiaries operate the Darajat and Salak geothermal fields in West Java. In the Philippines, company subsidiaries have a 40 percent equity interest in the Philippine Geothermal Production Company Inc., which operates the Tiwi and Mak-Ban geothermal power plants in Southern Luzon. The share price of CVX attracts active investors, as stock price of week volatility recorded 0.85%. The stock is going forward to its 52-week low with 64.20% and lagging behind from its 52-week high price with -0.49%.

Long Island Iced Tea Corp. (NASDAQ:LTEA) [Trend Analysis] climbed reacts as active mover, shares an increase 4.09% to traded at $4.58 and the percentage gap between open changing to regular change was 0.00%. Long Island Iced Tea Corp. (NASDAQ:LTEA) declared that it has secured placement of its flagship brand Long Island Iced Tea® in all 17 Pueblo Supermarkets across Puerto Rico.

Pueblo has been one of Puerto Rico’s major supermarket chains since 1955. Pueblo, whose name has cultural symbolism for local consumers, was the first supermarket developed under the “self-service” concept in Puerto Rico. Philip Thomas, Chief Executive Officer of the Company, stated, “We declared our entry into Puerto Rico in September this year, and are thrilled with the progress we are making. Pueblo has a deep commitment to the community, and we are proud to partner with them to provide their consumers with our high-quality Long Island Iced Tea® brand, a premium iced tea positioned at an affordable price.” The firm’s current ratio calculated as 2.40 for the most recent quarter. The firm past twelve months price to sales ratio was 8.27 and price to cash ratio remained 11.12. As far as the returns are concern, the return on equity was recorded as -570.40% and return on investment was -113.00% while its return on asset stayed at -209.70%. The firm has total debt to equity ratio measured as 0.05.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

Leave a Reply

Your email address will not be published. Required fields are marked *