Vale SA (NYSE: VALE) dropped about 4% on Tuesday to post a new 52-week low of $5.56 after closing at $5.79 on Monday. The stock’s 52-week high is $15.59. Share volume totaled about half the daily average of around 28.5 million shares traded. The Brazilian mining giant had no specific news today.
Peabody Energy Corp. (NYSE: BTU) dropped nearly 11% on Tuesday to post a new 52-week low of $4.76 against a 52-week high of $19.63. Shares closed at $5.34 Monday night. Volume was about 15% above the daily average of around 11.5 million shares. The coal mining company had no specific news either today, but a Bloomberg report today on the coal glut weighed on the miners.
Philip Morris International Inc. (NYSE: PM) posted a new 52-week low on Tuesday. Shares dropped about 1.8% to $75.50 from Monday’s closing price of $76.86. The stock’s 52-week high is $91.63. Volume is about 10% below the daily average of around 5.5 million shares. The maker of Marlboro cigarettes for the non-U.S. market could be facing profit concerns due to the the strong dollar..
Vaalco Energy Inc. (NYSE: EGY) dropped about 27% on Tuesday to post a new 52-week low of $2.28 after closing at $3.13 on Monday. The stock’s 52-week high is $9.67. Share volume was about 4-times the daily average of around 1.2 million shares traded. The oil and gas production firm reported that a new well offshore of Angola will be plugged and abandoned after it produced high water volumes.
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