UPDATE: Dacha Pares Earlier Gains, Now Up 5% As Earnings Rise to $70.8 Million in 2011

Shares of Dacha Strategic Metals Inc. (DSM.V) has cut some earlier gains, now up 5% at 52 cents, after the company's announcement of a sharp increase in its net earnings for the six months ended September 30, 2011.

The investment company focused on the acquisition, storage and trading of strategic metals closed yesterday's session touching day low $0.495, but could get some lift after announcing that its net earnings were US$70.8 million or US$0.94 per basic share during the period from total revenue of US$77.5 million. This compares to the previous year's net income of US$3.6 million or US$0.05 per basic share from total revenue of US$7.5 million.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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