AMEX Basic Material Sector Major Falls: (BQI, NOG, PAL, LNG, KOG)

Oilsands Quest Inc. (AMEX:BQI) witnessed the correction of 12.87% and closed at $0.26 whereas overall traded volume stood at 2.33 million shares for the day. Its outstanding shares stood at 348.50 million. Its total market capitalization arrived at $91.10 million.

Northern Oil & Gas, Inc. (AMEX:NOG) went down by 8.29% to close at $21.47 with total traded volume of 1.77 million shares in the last trading day, The current market price is 6.53% more than its last 50 days simple moving average. The share price is likely to move by 1.77 times against 1 point change in market index.

North American Palladium Ltd. (AMEX:PAL) closed at $3.86 after dropping by 7.66% whereas traded volume stood at 3.36 million shares for the day as compare to its average volume stood at 3.05 million. The company maintains strong short term liquidity position with current ratio of 5.43 times.

Cheniere Energy, Inc. (AMEX:LNG) plunged by 5.97% to close at $8.98 with overall traded volume of 2.21 million shares in the last trading day. The current market price is 0.39% less than its last 50 days simple moving average. The relative strength index stands at 52.24 times till its last trading session.

Kodiak Oil & Gas Corp. (AMEX:KOG) reported the fall of 5.94% and closed at $6.02 whereas total traded volume stood at 4.47 million shares for the day as compare to its average volume stood at 4.01 million. The share price is highly sensitive as its beta value stands at 3.48 times.

 

 

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