Market Maker Surveillance Report. MGN, PTQMF, TGC, ROYL, ZN, LEI, Losing Stocks With Lowest Price Friction For Thursday, March
March 3, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Thursday there were 2346 companies with "abnormal" market making, 3974 companies with positive Friction Factors and 1545 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. MINES MANAGEMENT INC (AMEX:MGN), PETAQUILLA MINERALS LTD (OTCBB:PTQMF), TENGASCO INC (AMEX:TGC), ROYALE ENERGY INC (NASDAQ:ROYL), ZION OIL & GAS INC (NASDAQ:ZN), LUCAS ENERGY INC (AMEX:LEI). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Market Maker Friction Factor is shown in the chart below:
Symbol Change Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction
MGN $-0.370 -10.34% 1,161,194 42.81% 1,440,528 53.11% -279,334 -7,550
PTQMF $-0.117 -10.08% 545,928 41.93% 771,123 59.22% -225,195 -19,264
TGC $-0.120 -11.11% 1,242,795 49.93% 1,269,006 50.98% -26,211 -2,184
ROYL $-0.790 -10.09% 3,412,231 46.05% 3,789,528 51.14% -377,297 -4,776
ZN $-0.750 -12.73% 296,992 42.04% 397,497 56.27% -100,505 -1,340
LEI $-0.580 -15.47% 4,917,317 46.44% 5,211,817 49.22% -294,500 -5,078
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar losses (Change) and extremely low price friction in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows MGN with a dollar loss Thursday of $-0.37000 and a Friction Factor of -7,550 shares. That means that it only took 7,550 more shares of selling than buying to move MGN lower by one penny. This means the Market Makers are allowing the stock to drop quickly (low friction). The combination of low friction and negative market direction can drive prices lower faster than normal.
MINES MANAGEMENT INC (AMEX:MGN) - Mines Management, Inc., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties, primarily silver and associated base and precious metals principally in North America. The company owns interests in the Montanore Project located in Sanders and Lincoln Counties in northwestern Montana, which consists of two federal patented mining claims and approximately 1,059 unpatented lode mining claims and mill sites. It also holds interests in the Iroquois and Advance zinc properties located in northern Washington State; and various producing oil wells located in Kansas. The company was founded in 1947 and is based in Spokane, Washington.
PETAQUILLA MINERALS LTD (OTCBB:PTQMF) - Petaquilla Minerals Ltd., through its subsidiaries, engages in the production, exploration, and development of mineral properties in Panama. The company primarily focuses on gold and silver deposits. It principally holds a 100% interest in the Molejon gold project located in the district of Donos, Colon province, Panama. The company was formerly known as Adrian Resources Ltd. and changed its name to Petaquilla Minerals Ltd. in October 2004. Petaquilla Minerals was founded in 1985 and is headquartered in Vancouver, Canada.
TENGASCO INC (AMEX:TGC) - Tengasco, Inc. engages in the exploration and production of oil and natural gas in Kansas and Tennessee. The company also leases producing and non-producing properties for exploration and development activities. In addition, it owns and operates a 65-mile intrastate pipeline that transports natural gas to customers in Kingsport, Tennessee. Further, the company engages in developing and operating treatment and delivery facilities for the extraction of methane gas from non-conventional sources for delivery to natural gas customers through its pipeline system in Tennessee. Tengasco markets its crude oil principally to local refining companies, local utilities, and private industry end-users; and natural gas to local utilities, private industry end-users, and natural gas marketing companies. As of December 31, 2008, it had 184 producing oil wells in Kansas; and 19 producing gas wells and 4 producing oil wells in Tennessee. The company was formerly known as Onasco Companies, Inc. and changed its name to Tengasco, Inc. in 1995 as a result of merger with Tengasco, Inc. Tengasco, Inc. was founded in 1916 and is based in Knoxville, Tennessee.
ROYALE ENERGY INC (NASDAQ:ROYL) - Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. It engages in the production and sale of oil and natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of working interests in wells to be drilled. The company also owns wells and leases located principally in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, and Louisiana. In addition, it holds proved developed producing reserves of oil and natural gas in Texas and Louisiana. As of December 31, 2009, Royale Energy operated 52 natural gas wells in California; owned and operated 7 natural gas wells in Utah; and had non operating interests in 17 oil and gas wells in Texas, 3 in Oklahoma, 1 in California, and 2 in Louisiana. It also had proved developed reserves of 4,563 MMcf and total proved reserves of 4,617 MMcf of natural gas; and proved developed oil reserves of 16 Mbbl and total proved oil reserves of 16 Mbbl. The company was founded in 1986 and is based in San Diego, California.
ZION OIL & GAS INC (NASDAQ:ZN) - Zion Oil & Gas, Inc. operates as a development stage oil and gas exploration company in Israel. The company holds 2 exploration licenses, Asher-Menashe License and Joseph License, covering approximately 162,100 acres onshore in the state of Israel between Netanya in the south and Haifa in the north. It also holds interest in the Issachar-Zebulun permit area, located adjacent to the Asher-Menashe license area, covering approximately 165,000 acres. The company was founded in 2000 and is based in Dallas, Texas.
LUCAS ENERGY INC (AMEX:LEI) - Lucas Energy, Inc. operates as an independent oil and gas company in Texas. It has interests in approximately 12,500 gross acres of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The company also holds oil and gas interests in the Austin Chalk formation, Buda formation, and Eagle Ford Shale formation. In addition, it operates 30 producing wells. The company is based in Houston, Texas.
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