North American Tungsten Gains on Reported Earnings

Mar. 02, 2012 02:51PM PST

NASDAQ reported North American Tungsten (TSXV:NTC) had gained 15% by midday on Friday after it announced first quarter earning of $6.6 million.

As quoted in the market news:

North American Tungsten (NTC.V) is up 15% at 46 cents, after announcing record net income of $6.6 million or $0.03 earnings per share and EBITDA of $10.5 million for its first quarter ending December 31, 2011. This compares to a loss of $4.4 million and negative EBITDA of $3.7 million for the first quarter of 2010.

Click here to read the full NASDAQ report.