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Tuesday, January 27 2015 11:23pm ET - U.S. Markets Closed.
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·Biotechnology
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·Electric Utilities
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Today's Top Performing Industry
Silver
Composite Value: 1059.4
Today's Change: +2.31%
S&P 500: -1.34%
chart for
[Silver (^YHOh715)]
Silver Standard receives Notice of Reassessment
Tue 8:05 pm ET (PR Newswire)
VANCOUVER, Jan. 27, 2015 /PRNewswire/ - Silver Standard Resources Inc. (SSRI) (SSO.TO) ("Silver Standard" or the "Company") advises that it received today a Notice of Reassessment in the aggregate amount of approximately $41.4 million from the Canada Revenue Agency ("CRA") related to the tax treatment of the 2010 sale of shares of its subsidiary that owned and operated the Snowfield and Brucejack projects. The CRA has asserted the transaction was of an income nature and not of a capital nature as recorded by the Company. Silver Standard strongly disagrees with the CRA's reassessment and will vigorously defend its position including filing a Notice of Objection and, if necessary, a Notice of Appeal to the Tax Court of Canada. In order to object to the reassessment, the Company is required to make a deposit of 50% of the reassessed amount plus interest accrued to the date of the Notice of Reassessment.
Today's Industry Highlights
Top Performing Industries% Change
Silver +2.31%
Photographic Equipment & Supplies +1.96%
Manufactured Housing +1.72%
Music & Video Stores +1.69%
Closed-End Fund - Foreign +1.50%
View Leaders & Laggards...
Worst Performing Industries % Change
Farm & Construction Machinery -4.25%
Business Software & Services -3.91%
Diversified Computer Systems -3.53%
Processing Systems & Products -3.51%
Semiconductor- Memory Chips -3.38%
View Leaders & Laggards...
  
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Leaders & Laggards
Highest Dividend Yield
Medical Practitioners 22.30%
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Highest Market Capitalization
Money Center Banks $916946.0 B
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Highest Net Profit Margin (mrq)
Closed-End Fund - Equity 99.80%
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Highest P/E Ratio
Resorts & Casinos 251.50
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Highest Return on Equity
Photographic Equipment & Supplies 99.40%
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