StockCall.com Provides Stock Research on Teck Resources Ltd, CONSOL Energy Inc., Turquoise Hill Resources Ltd., Paramount Gold and Silver Corp., and BHP Billiton plc
New York City, New York -- (June 03, 2013)
A slowdown in China, one of the biggest consumers of raw materials, has put significant pressure on commodity prices. Prices have also come under pressure due to a stronger U.S. dollar. The dollar has been strengthening on the back of an improved outlook for the U.S. economy as well as speculation that the Federal Reserve will start easing its bond buying program as early as June. With commodity prices under pressure, the U.S. basic materials sector has been struggling. On Friday, May 31, 2013, the basic materials sector was one of the worst performers in the S&P 500. The major movers in the sector includedTeck Resources Ltd (NYSE: TCK), Consol Energy Inc. (NYSE: CNX), Turquoise Hill Resources Ltd (NYSE: TRQ), Paramount Gold and Silver Corp (NYSE: PZG), and BHP Billiton Plc (NYSE: BBL). StockCall has posted free technicalresearch on TCK, CNX, TRQ, PZG, and BBL which can be downloaded upon sign up at
www.stockcall.com/signup
Teck Resources Ltd stock hit an intraday low of $26.68 to finish the day 3.75% lower at $26.69. A total of 2.59 million shares were traded in comparison to its usual trading volume of 3.20 million shares. The stock is down 24.22% so far this year. In the past 52 weeks, the stock traded between $23.48 and $38.57. Teck Resources shows very high volatility as implied by its beta of 3.41. The stock is currently trading below its 20-day moving average price of $27.77 and 50-day moving average price of $27.23. Sign up and read the complimentary report on TCK at
www.StockCall.com/TCK060313.pdf
Shares in Consol Energy Inc. showed a steep loss on Friday, rising 2.14% to close at $34.68. A total of 2.25 million shares were traded during the session, while its average daily trading volume stands at 2.29 million. The stock oscillated between $34.68 and $35.37 during the session. Over the past five trading days, the stock grew 2.09% while the markets showed losses. So far this year, the share has increased 9.19%. Consol Energy’s shares have high volatility with beta of 1.44. The company commands market capitalization of $7.93 billion. The free report on CNX can be downloaded by signing up now at
www.StockCall.com/CNX060313.pdf
Turquoise Hill Resources Ltd’s stock ended lower on Friday, down 1.48% at $6.67. A total of 1.25 million shares were traded. Despite the wider market swaying sideways during the past five trading sessions, the company’s shares declined 7.23%. The stock has lost 8.25% of its value so far this year. During Friday’s session, the stock traded between $6.59 and $6.74 while its 52 weeks trading range stands at $5.03 and $11.11. Turquoise Hill commands market capitalization of $6.71 billion. Its stock is highly volatile as implied by its beta of 1.87. Free report on TRQ can be accessed by registering at
www.StockCall.com/TRQ060313.pdf
Paramount Gold and Silver Corp.’s stock ended flat on Friday, closing at $1.50. A total of 1.035 million shares were traded during the session. The stock’s usual trading volume stands at 825,923 shares. In the past 52 weeks, the stock traded between $1.20 and $2.82. Paramount Gold and Silver commands market capitalization of $233.30 million.Register withStockCall and download the research on PZG for free at
www.StockCall.com/PZG060313.pdf
Shares in BHP Billiton Plc moved lower on Friday, tracking losses in the broader market. The stock hit an intraday high of $58.95, before finishing the day 2.84% lower at $57.46. So far this year, the share has lost more than 16.7%, slightly outperforming the S&P 500. BBL’S stock currently trades below both their 20- and 50-day moving average price of $58.65 and $57.77 respectively. BHP Billiton saw turnover of 1.69 million shares during Friday’s session. Its beta of 1.50 implies high volatility. Read the full free research on BBL by signing up to StockCall at
www.StockCall.com/BBL060313.pdf
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