Penn Virginia Surges +11% Midday, Continuing 2014 Rally

Penn Virginia Surges +11% Midday, Continuing 2014 Rally

Today’s midday gainers are Penn Virginia Corporation (NYSE:PVA), Novacopper Inc (NYSEMKT:NCQ) and Yandex NV (NASDAQ:YNDX). The midday losers are Towerstream Corporation (NASDAQ:TWER), International Tower Hill Mines Ltd (NYSEMKT:THM) and NovaGold Resources Inc. (NYSEMKT:NG).

Penn Virginia Surges

This Tuesday’s top midday gainer is oil and gas company Penn Virginia Corporation (NYSE:PVA), up +11.83%. The firm got a new target price of $25.00 yesterday and has surged +64.16% this year. George Soros owns a stake in Penn Virginia.

Alluvial Fund May 2021 Performance Update

Alluvial FundAlluvial Fund performance update for the month ended May 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners and Colleagues, Alluvial Fund, LP returned 5.4% in May, compared to 0.2% for the Russell 2000 and 1.0% for the MSCI World Small+MicroCap . . . SORRY! This content is exclusively for paying members. SIGN UP Read More

Second is Novacopper Inc (NYSEMKT:NCQ), a base metals exploration company. Its price increased +9.09%, a boost for Seth Klarman and John Paulson.

Last on today’s list of midday gainers is Russian internet company Yandex NV (NASDAQ:YNDX), up +8.93%. Nevertheless, the Tiger Global pick is still down -25.6% YTD.

Paulson Gold Picks Take a Dive

Topping off today’s midday loser list is Towerstream Corporation (NASDAQ:TWER), down -6.9%. A broadband services provider for commercial customers, Towerstream reported extended losses yesterday from the previous quarter. The stock has declined -18.24% this year.

Two Paulson picks – gold explorers International Tower Hill Mines Ltd (NYSEMKT:THM) and NovaGold Resources Inc. (NYSEMKT:NG) – also had a rough start to the day. THM fell -5.83% after yesterday’s rally, and NG slipped -4.91%.

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