Rio Tinto plc (NYSE:RIO) [Trend Analysis] retains strong position in active trade, as shares scoring 1.00% to $39.39 in a active trade session, while looking at the shares volume, about 6.76 Million shares have changed hands in this session. Rio Tinto plc (RIO) released that contract to sell its assets at Lochaber, Scotland to SIMEC for consideration totalling 330 million pounds. The contract comprises a payment on completion of 180 million pounds, plus an additional payment of 150 million pounds not later than 28 February 2017.
The contract comprises the sale of Rio Tinto’s 100 percent shareholding in Alcan Aluminium UK Limited which comprises the operating smelter, the hydroelectric facilities at Kinlochleven and Lochaber as well as all associated land. Rio Tinto has now agreed over $1.3 billion in divestments in the current year, bringing the total value of divestments reported or completed to $5.3 billion since January 2013. The firm has institutional ownership of 7.00%, while insider ownership included 6.50%. RIO attains analyst recommendation of 2.00 with week’s performance of 5.43%. Investors looking additional ahead will note that the Price to next year’s EPS is 25.64%.
Global Self Storage, Inc. (NASDAQ:SELF) has entered into contract with Tuxis Corporation (OTC PINK:TUXS), a self storage and real estate development firm and Global Self Storage associate, to takeover a 185 unit, 25,705 square foot self storage facility located in Clinton, Connecticut, a 142 unit, 15,000 square foot self storage facility located in Millbrook, New York, and an adjoining 1,875 square foot Millbrook commercial property.
“Both of these facilities fit our current acquisition criteria as they are performing well and located in secondary and/or tertiary cities where new development is muted,” stated president and chief executive officer of Global Self Storage Mark C. Winmill, who also serves as president, chief executive officer, and a director of Tuxis. “Following a thorough review and evaluation by a special committee of independent directors, we believe these two stores will be very complementary to our existing portfolio of self storage facilities.”