Latin America’s largest steel manufacturer Gerdau SA (ADR) (NYSE:GGB) stock plunged after it announed profit in fiscal Q1 moved down 60%, failing to meet Wall Street forecast, after sales tumbled at its North American unit.
Gerdau SA (ADR) (NYSE:GGB) last session’s volume of 7.85 million shares was higher than its average volume of 5.37 million shares. The stock after opening at $6.58 hit high price of $6.63 and then closed at $6.51 by scoring -2.98%.
Analysts have retained their Neutral rating on Harmony Gold Mining Co (ADR) (NYSE:HMY), following the news shares of the gold miner plunged around two percent.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) on May 24, 2013 decreased -2.36% to the closing price of $3.72. The overall volume in the last trading session was 1.62 million shares. Its fifty two weeks range was $3.63 – $10.73. The total market capitalization remained at $1.62 billion.
Hercules Offshore, Inc (NASDAQ:HERO) on Monday declared that it has decided to sell 11 inland barge rigs, which comprises 3 active rigs, 8 cold stacked rigs, and linked assets for cash proceeds of around $45 million.
Hercules Offshore, Inc. (NASDAQ:HERO) declined -2.32%, reaching at $7.17 after hovering between $7.15 and $7.41. This stock is ahead of its 52-week low with 146.39% and lagging behind from its 52-week high price with -0.39%. HERO’s last month’s stock price volatility remained 4.03%.
Shares of AuRico Gold Inc (NYSE:AUQ) tumbled on Friday after the company declared that Mr. Colin Benner, the Company’s Executive Chairman, is taking a leave of absence for health reasons.
With a recent loss of -2.28% to $4.71, the share price of AuRico Gold Inc (NYSE:AUQ) has moved down from its 20 days moving average with -2.31% and remote negatively from 50 days moving average with -13.33%.
The Board of Directors of AngloGold Ashanti Limited (ADR) (NYSE:AU) has reported the selection of Mr. Srinivasan Venkatakrishnan, as Chief Executive Officer with immediate effect. Shares of the company fell following the news.
AngloGold Ashanti Limited (ADR) (NYSE:AU) decreased -2.27% to the closing price of $16.34. The stock showed weekly downbeat performance of -4.56% which was maintained for the month at -15.16%. Likewise the negatively performance for the quarter was recorded as -35.36% and for the year was -53.07% while the YTD performance remained at -47.80%.
