The U.S. Securities and Exchange Commission announced charges alleging that Miller Energy Resources Inc. (NYSE:MILL) its former chief financial officer, and its current chief operating officer inflated values of oil and gas properties, resulting in fraudulent financial reports for the Tennessee-based company. The audit team leader at the company’s former independent auditor also was charged in the matter. The SEC’s Division of Enforcement alleges that after acquiring oil and gas properties in Alaska in late 2009, Miller Energy overstated their value by more than $400 million, boosting the company’s net income and total assets. Miller Energy Resources, Inc. (NYSE:MILL) belongs to Basic Materials sector. Its weekly performance is -44.31%. On last trading day company shares ended up $0.14. Miller Energy Resources, Inc. (NYSE:MILL) distance from 50-day simple moving average (SMA50) is -61.18%.
The U.S. Department of Justice and Environmental Protection Agency or EPA announced today that Arch Coal Inc. (NYSE:ACI), and 14 of its subsidiaries under the International Coal Group Inc. or ICG have agreed to conduct comprehensive upgrades to their operations to ensure compliance with the Clean Water Act. The settlement resolves hundreds of Clean Water Act violations related to illegal discharges of pollutants at the companies’ coal mines in Kentucky, Pennsylvania, Maryland, Virginia and West Virginia. The states of West Virginia, Virginia and Pennsylvania are co-plaintiffs in today’s settlement. The companies will also pay a $2 million civil penalty. Arch Coal Inc. (NYSE:ACI) shares advanced 24.76% in last trading session and ended the day at $1.31. ACI Gross Margin is 15.00% and its return on assets is -7.40%. Arch Coal Inc. (NYSE:ACI) quarterly performance is -86.06%.
Manitex International, Inc. (NASDAQ:MNTX) announced second quarter and first half 2015 results. Net revenues increased 54% year-over-year to $105.6 million compared to $68.4million. Gross Profit of $19.6 million or 18.5 percent of sales compared to $13.1 million and 19.2 percent of sales in the second quarter last year. Net income of $0.1 million or $0.01 per share (inclusive of approximately $0.4 million in acquisition related costs) compared to net income of $3.0 million or $0.22 per share. Manitex International, Inc. (NASDAQ:MNTX) shares increased 15.24% in last trading session and ended the day at $6.88. MNTX Gross Margin is 18.50% and its return on assets is 1.70%. Manitex International, Inc. (NASDAQ:MNTX) quarterly performance is -23.13%.
Imperial Oil Ltd. (NYSEMKT:IMO) on July 31, reported second-quarter earnings of $97.6 million. On a per-share basis, the Calgary, Alberta-based company said it had profit of 11 cents. Earnings, adjusted for non-recurring costs, were 42 cents per share. On 06 August, Imperial Oil Ltd. (NYSEMKT:IMO) shares increased 1.79% and was closed at $37.01. IMO EPS growth in last 5 year was 19.30%. Imperial Oil Ltd. (NYSEMKT:IMO) year to date (YTD) performance is -13.53%.
U-Pack®, an ArcBest Corporation (NASDAQ:ARCB) brand, recently debuted a freshly designed online store that offers moving boxes and moving supplies at discounted rates. New features of the U-Pack Box Store include several additions to the U-Pack line of packing and loading materials and valuable advantages to enhance the moving experience. Designed to make household moving simpler, the U-Pack Box Store offers several benefits. Upon their first visit to the online shop, customers will notice a responsive site design that makes shopping mobile-friendly for on-the-go ordering. ArcBest Corporation (NASDAQ:ARCB) ended the last trading day at $33.82. Company weekly volatility is calculated as 4.03% and price to cash ratio as 4.15. ArcBest Corporation (NASDAQ:ARCB) showed a weekly performance of 4.32%.