By PR Newswire, October 03, 2013, 08:20:00 AM EDT
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LONDON, October 3, 2013 /PRNewswire/ --
The U.S. equity market edged lower on Wednesday, October 2, 2013 with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite falling by 0.07%, 0.39%, and 0.08%, respectively. Shares in the basic material-precious metal sector ended on a mixed note, even as the broader market posted losses. The major movers in the sector included Newmont Mining Corporation (NYSE:NEM), Golden Star Resources Ltd. (NYSE MKT:GSS), Hecla Mining Company (NYSE:HL), and First Majestic Silver Corporation (NYSE:AG). All these companies are tracked by AAAResearchReports.com. Free technical research on NEM, GSS, HL, and AG can be downloaded upon signing up at:
Newmont Mining Corp.'s stock rose sharply on Wednesday, reversing some of the losses from the previous trading session. The company's shares traded between $27.33 and $27.79 before finishing the day 1.18% higher at $27.53. A total of 9.92 million shares were traded, which is above the daily average volume of 9.35 million. Despite Wednesday's sharp gains, the company's shares have fallen by 1.61% in the previous three trading sessions, compared to a gain of 0.13% in the S&P 500 during the same period. Further, Newmont Mining Corp.'s stock is trading below its 50-day and 200-day moving averages of $29.81 and $34.92, respectively. Sign up and read the complimentary report on NEM at:
On Wednesday, Golden Star Resources Ltd's stock plummeted to close at $0.39, down 3.78% from the previous day's closing price of $0.41. The company's shares oscillated between $0.39 and $0.42 during the trading session. A total of 6.04 million shares were traded, which is above the daily average volume of 3.19 million. The company's shares declined by 4.94% in the previous three trading sessions, underperforming the S&P 500 which has gained 0.13% during the same period. Moreover, Golden Star Resources Ltd's stock is trading below its 50-day and 200-day moving averages of $0.54 and $1.03, respectively. The free report on GSS can be downloaded by signing up now at:
Shares in Hecla Mining Co. ended nearly flat on Wednesday, even as the broader market edged lower. The company's shares ended the day 0.02% lower at $3.05 after fluctuating between $3.00 and $3.18. A total of 5.45 million shares were traded, which is below the daily average volume of 6.27 million. Despite Wednesday's losses, the company's shares have advanced 4.45% in the previous three months, compared to a gain of 4.86% in the S&P 500 during the same period. Additionally, Hecla Mining Co.'s stock is trading below its 50-day and 200-day moving averages of $3.35 and $3.94, respectively. A free report on HL can be accessed by registering at:
On Wednesday, First Majestic Silver Corp.'s stock rose 0.35%, reversing some of the losses from the previous trading session. The company's shares ended the day at $11.58 after vacillating between $11.50 and $12.02. A total of 1.33 million shares were traded, which is less than the daily average volume of 1.45 million. First Majestic Silver Corp.'s shares have gained 5.18% in the previous three months, outperforming the S&P 500 which has advanced 4.86% during the same period. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $13.41 and $14.36, respectively. Register with AAA Research Reports and download research on AG for free at:
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