Biggest Basic Materials Stock Losers were GGR, HAYN, AWC : by Penny Stock Pick Alert

November 25, 2009

(EMAILWIRE.COM, November 25, 2009 ) Dallas, TX - GeoGlobal Resources Inc. (AMEX:GGR) fell 7.39% to close the day at $2.13. The stock hit an intraday high of $2.36. In the last six months the stock went up over 95%. GeoGlobal Resources Inc is an independent energy company focused on the exploration, development, and production of oil and natural gas reserves in India. The Company's oil and gas activities are conducted in four geographic areas in geologic basins offshore and onshore India.

Haynes International, Inc. (NASDAQ:HAYN) plunged 7.58% to $25.49 after the company yesterday announced that as a result of continued low demand and the challenging economy, the Company expects that revenues, for at least the first two quarters of 2010, will be below the revenue of the fourth quarter of 2009. The Company reported revenue of $85.6 million in the fourth quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $84.4 million and net profit of $(5.10) million for the first quarter of 2010; revenue of $91.8 million and net profit of $(2.10) million for the second quarter of 2010.

Alumina Limited (ADR) (NYSE:AWC) went down 5.25% to close the day at $5.96. The stock has a 52-week range of $2 to $7.10. In the last six months the stock went up over 54%. Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina and Chemicals.

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