On Monday, Shares of National Bank of Greece S.A. (NYSE:NBG), lost -12.04% to $0.99, one day after the Greek referendum. The results showed that 61% voted “no” on whether to accept bailout terms projected by the country’s international creditors.
Following the vote Greece’s finance minister, Yanis Varoufakis, stepped down saying that by doing so he feels it would assist the country find a solution to its ongoing debt crisis, BBC.com reports.
Varoufakis had been arguing with Eurozone finance ministers, who had wanted him removed from the position, BBC.com added.
National Bank of Greece S.A., together with its auxiliaries, provides diversified financial services. The company is involved in retail and commercial banking, asset administration, investment banking, brokerage, and insurance activities.
Shares of Continental Resources, Inc. (NYSE:CLR), declined -6.50% to $37.40, during its last trading session, as some energy and related stocks take a hit recently due to the declining price of oil.
Oil prices plunged nearly 8% and broke below $53 a barrel on Monday, the deepest plunge for crude oil since early February.
American drivers may have even lower prices to smile about in the future, especially if an Iran nuclear deal is in place by this week’s deadline. The national average gas price could return to nearly $2 a gallon later this year, said Tom Kloza, chief oil analyst at the Oil Price Information Service. The national average is presently sitting at $2.77.
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States.
Finally, Horsehead Holding Corp. (NASDAQ:ZINC), ended its last trade with -16.68% loss, and closed at $9.54, hitting its lowest level.
Horsehead Holding Corp., issued an update on operations at its Mooresboro, North Carolina zinc production facility. The Company stated that the facility produced about 3,700 tons of zinc metal in June of 2015, contrast to 4,100 tons and 2,800 tons in May and April of 2015, respectively. June’s production was slowed initially while implementing certain improvements but accelerated through the latter half of the month with 2,600 of the 3,700 tons being produced since the 15th of June. Although production improved, it was primarily paced by the capacity of our process for removing impurities from the system, the so-called bleed treatment system, and by intermittent equipment reliability issues. Production for the second quarter of 2015 was about 10,600 tons contrast to 9,700 tons for the first quarter of 2015.
Earlier in the second quarter the Company noted that it has locked in the forward zinc price on more than 50% of predictable zinc shipments at $1.01/lb for June, 2015 and $1.07/lb for the last six months of 2015.
Horsehead Holding Corp., together with its auxiliaries, produces and sells zinc and nickel-based products primarily in the United States and Canada. The company operates through three segments: Horsehead, Zochem, and INMETCO.
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