Jan. 28 (Bloomberg) — Codelco, the world’s largest copper producer, sold its stake in a Chilean electricity company controlled by GDF Suez SA for $1.04 billion as part of a plan to raise funds for expansion.
The following is a list of securities that were bearish during the past 30 trading days. The NYSE gained 4.48% during this period but these securities significantly underperformed the index. These stocks made lows during most of the trading sessions in this period:
HL options saw interesting call action Thursday. A total of 5,283 Put and 17,001 Call contracts were traded raising a low Put/Call volume alert with at Put/Call ratio of 0.31, meaning that there were 3.22 Calls traded for each Put contract traded.
Gold may decline for a second day in New York after dropping to the lowest level in almost four months on reduced demand for a protection of wealth.
Newmont Mining Corp (NYSE: NEM) closed Thursday’s trading session at $55.37. In the past year, the stock has hit a 52-week low of $42.80 and 52-week high of $65.50.
It is reported that Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a very tight global copper market.
Paramount Resources Ltd. (TSX:POU) has agreed to sell an additional $70 million of its 8.25% senior unsecured notes due 2017 (the “Notes”) at a premium price of $1,030 per $1,000 principal amount to a syndicate of underwriters for public offering in Canada. The offering of additional Notes is expected to close on or about February 4, 2011. Proceeds from the offering will be used for capital expenditures and general corporate purposes.
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January 27, 2011 Southern Copper Corporation (NYSE and LSE: SCCO) (SCC)
announced today a quarterly dividend of 58.0 cents per share, payable on March 1,2011, to shareholders of record at the close of business on February 15, 2011.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 27, 2011) – Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) today announced that its unaudited 2010 fourth quarter results will be released on Tuesday, February 15, 2011 after market closes. A conference call and live audio webcast to discuss the results will be held on Wednesday, February 16th at 11:00 am ET (8:00 am PT).
Santa Fe Gold Corporation (OTC: SFEG) $1.03 Stock has been under a selling pressure on an increased volume compared to its average volume of 161,000. As of this morning, the stock has been unchanged. It has a beta of 1.37 and a volatility average of 55.04 with a 52 wk high of 1.38 and a 52-week low of 0.77.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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