Yamana Gold Inc. (NYSE: AUY) dropped about 1.5% on Thursday to post a new 52-week low of $7.00. Share volume is about level with the daily average of around 6.9 million. The stock’s 52-week high is $11.75. The gold miner’s price target was cut at Morgan Stanley last week and weakness in fellow precious metals miner Coeur Mining Inc. (NYSE: CDE) put further pressure on the share price.
Sears Holding Corp. (NASDAQ: SHLD) dropped another 4.7% today to post a second-consecutive 52-week low of $28.16. Shares have lost nearly 15% in the past two days. Today Credit Suisse said that the company should sell of its assets before their value disappears entirely. Share volume today is about double the average daily volume of around 870,000 shares. The stock’s 52-week high is $67.50.
USEC Inc. (NYSE: USU) dropped another 27% today to post another 52-week low of $1.86. Volume is about 40% below the daily average of around 2 million shares. The uranium processing firm is has said it will exit from Chapter 11 protection on September 30. Common shares will be cancelled and the company will rename itself Centrus Energy Corp. and issue new stock that will trade on the NYSE under the ticker symbol LEU. The stock’s 52-week high is $12.40.
Westport Innovations Inc. (NASDAQ: WPRT) sank to a new 52-week low on Thursday of $12.41. Based on Wednesday night’s closing price of $12.85 that’s a drop of about 3.4%. The stock’s 52-week high is $28.37.The maker of low-emission engine and fuel-system technologies had no news today. Trading volume was about 20% below the daily average of around 670,000 shares.
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