Revenue Update on Nevada Gold & Casinos(NYSEMKT:UWN)

Nevada Gold & Casinos(NYSEMKT:UWN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 28, 2016. Earnings per share were $0.16.

Nevada Gold & Casinos (UWN) made into the market gainers list on Thursdays trading session with the shares advancing 0.51% or 0.01 points. Due to strong positive momentum, the stock ended at $1.99, which is also near the day’s high of $2. The stock began the session at $2 and the volume stood at 6,707 shares. The 52-week high of the shares is $2.4599 and the 52 week low is $1.5. The company has a current market capitalization of $35 M and it has 1,77,88,856 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Francis Michael Ricci (director) sold 12,000 shares at $2.08 per share price.Also, On Oct 7, 2015, Michael P Shaunnessy (CEO) purchased 5,000 shares at $1.50 per share price.

Nevada Gold & Casinos Inc. is a gaming company. The Company is involved in financing developing owning and operating gaming properties and projects. The Company operates through four segments: Washington Gold South Dakota Gold Corporate and assets held for sale. Its Washington Gold segment consists of the Washington mini-casinos. Its South Dakota Gold segment consists of its slot route operation in South Dakota. The Corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. It operates a portfolio of approximately 10 mini-casinos in Washington State (Washington Gold) which includes restaurants bars and approximately 140 table games. Through its wholly owned subsidiary Gold Mountain Development LLC the Company owns approximately 268 acres of undeveloped land in Black Hawk and Central City Colorado. The Company’s gaming facility operations are located in the United States of America specifically in the states of Washington and South Dakota.

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