Basic Materials Sector Wrap

Published June 07, 2012

| FOXBusiness

The Basic Materials sector (XLB) showed little change during trading today while the S&P 500 rose 0.1%.

Richmont Mines (RIC) was one of the sector's big losers, as its price dropped 7.9% (-52 cents) to close at $6.05. 218,837 shares of the stock moved. The stock traded between $6.05 and $6.63. The stock is down over the last three months, having fallen $3.10 (-33.9%) from $9.15 on March 12, 2012.

Orchids Paper Products Company (TIS) was a major gainer in the sector, rising 7.6% (+$1.21) to close at $17.11 with 16,357 shares moving. The stock traded in a range of $16.03 to $17.24. Shares are up, having risen 84 cents (5.2%) from a price of $16.27 on May 31, 2012.

Nucor (NUE) rose 1.4% to close at $37.30, cross its 50-day moving average of $37.29 and 200-day moving average of $40.08. Kinross Gold Corporation (KGC) declined 6.1% to close at $8.09, moving below its 50-day moving average of $8.39 and 200-day moving average of $10.50.

CVR Partners (UAN) rose 4% to close at $21.69, approaching its 50-day moving average of $23.68. It has also moved closer to its 200-day moving average of $25.43. Gold Resource Corporation (BVN) fell 2.2% to close at $25.85, moving closer to its 50-day moving average of $25.35. Also, the stock moved closer to its 200-day moving average of $40.03.

Innophos Holdings (IPHS) hit a new 52-week high today, reaching $53.23 to top the previous high of $52.22.

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