Reports Analysis on BAC, NVGC, ELTK, and PBR

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11/27/2013 [ACCESSWIRE]

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Bank of America Corporation (NYSE: BAC) shares climbed again on Tuesday to close modestly up 0.44 percent. The stock had hit a new 52-week high on Monday and came just a penny shy of it during Tuesday’s trading. Volume traded yesterday was nearly 115 million shares. John Cokinos, Bank of America Corp. (BAC)’s head of U.S. leveraged finance capital markets, has left the company, said a person with direct knowledge of the departure.

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Nevada Gold Corp. (OTCBB: NVGC) shares closed up another 4 percent on Tuesday making it almost 25 percent in gains seen in the last two trading days. The stock traded around 1.8 million shares and was one of the most actively traded stocks in the OTCBB market yesterday. The company reported that their recently announced claim expansion program by staking has been completed at the Diamond Jim Mine project in the Island Mining District north of Elko, Nevada. The size of the property has been expanded by approximately 60% for a total of 53 claims. A surface program of geological mapping and sampling has been completed and preparation and planning to open the underground workings in the next phase of the program is underway.

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Eltek Ltd. (NASDAQ: ELTK) shares closed up 26.04 percent on Tuesday with over 2.8 million shares traded. The stock hit a new 52-week high of 2.93 during intra-day trading and was one of the biggest percentage gainers on the NASDAQ yesterday. The stock was featured favorably in a SeekingAlpha article on Monday.

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Petr (NYSE: PBR) shares closed down 6.11 percent on Tuesday on over 26 million shares traded. The stock had one of the biggest volume increases on the NYSE yesterday. Shares fell their most in nearly two weeks yesterday after a report that President Dilma Rousseff was reluctant to sign off on a new fuel price policy this year that would automatically raise gasoline prices along with inflation.

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