On Wednesday, Shares of Linn Energy LLC (NASDAQ:LINE), gained 5.96% to $3.38.
The stock, as of recent close, has shown weekly upbeat performance of 25.65% which was maintained at -62.19% in this year. The stock traded on a volume of 6,816,300, higher than its standard daily volume. The stock has moved up across its 50-day moving average of $3.02.
LINN Energy, and LinnCo, declared that the Board of Directors has approved administration’s recommendation to suspend LINN’s distribution and LinnCo’s dividend effective September 30, 2015. LINN’s Board of Directors will evaluate the Company’s ability to reinstate the distribution and dividend on an ongoing basis.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas.
Shares of PulteGroup, Inc. (NYSE:PHM), inclined 1.94% to $20.00, during its last trading session.
The stock was trading on above-average volume. The stock traded at a volume of 5,773,749 shares at a price gain of 1.94%. The share price is now down -1.20% for the past three months. Latest closing price was -1.18% below its 50-day moving average and -3.05% below its 200-day moving average.
PulteGroup, declared that it will release its third quarter 2015 financial results before the market opens on Thursday, October 22, 2015. The Company will hold a conference call to discuss third quarter results that same day at 8:30 a.m. (ET).
PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land.
Finally, Shares of AngloGold Ashanti Limited (ADR) (NYSE:AU), ended its last trade with -3.37% loss, and closed at $8.74.
AngloGold Ashanti Limited (NYSE:AU) has market worth of $3.72B while 405.05M shares were outstanding. The company offered net profit margin of -3.50% while its gross profit margin was 19.70%. ROE was recorded as -5.70% while beta factor was -0.51. the stock remained 4.24% volatile for the week while for the month it remained 5.06% volatile.
Randgold Resources Limited and AngloGold Ashanti, have concluded an investment agreement aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold will lead and fund a development plan designed to rebuild Obuasi as a viable long-life mining business with an attractive cost structure and returns.
Obuasi, located in the Ashanti region of Ghana, 320 kilometers northwest of the capital Accra, is a large, high-grade deposit with proven and probable ore reserves (as stated by AngloGold Ashanti in their 2014 Annual Report) of 24.53Mt at 6.70g/t for 5.29Moz, part of a substantial mineral resource base. In 2012, AngloGold Ashanti initiated a programme to modernise the mine, principally by starting to develop a ramp access that will ultimately run from surface to high-grade blocks of ore underground. The ramp will supplement current vertical hoisting infrastructure and assist debottleneck the underground operation by allowing for greater ease in transporting people and materials underground, and transporting ore to surface. This is a necessary step ahead of the envisaged transformation of the mine into a modern, mechanized operation.
AngloGold Ashanti Limited operates as a gold mining and exploration company. It also produces silver, uranium oxide, copper, molybdenum, and sulphur. The company has 20 operations and exploration projects in South Africa, Continental Africa, Australasia, and the Americas. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
