Tahoe Resources (TAHO) Volatility Continues; Says No Truth to Guatemalan Reports
Tweet
Share
E-mailGet Alerts TAHO Hot Sheet
Join SI Premium – FREE
Skip the healthcare stocks, Tahoe Resources (NYSE: TAHO) resources is the most volatile stock trading Thursday morning.
Setting what may be a record with five or six halts in 90 minutes, investors might have been spooked earlier on reports that Guatemala is mulling an amendment to its Constitution which gives it up to 40 percent ownership or equity of any company that exploits natural resources in the country.
However, it's Vice President of Investors relations, Ira M. Gostin, said reports are false. Gostin told Reuters, "There hasn’t been anything actually passed in the Guatemalan law or anything proposed."
Volume is staggering today, about 3.1 million shares crossing compared with the trailing average of about 230,000 per day. The stock fell to a new low of $8.55 at the start, down 46 percent from Wednesday's close of $15.80.
Setting what may be a record with five or six halts in 90 minutes, investors might have been spooked earlier on reports that Guatemala is mulling an amendment to its Constitution which gives it up to 40 percent ownership or equity of any company that exploits natural resources in the country.
However, it's Vice President of Investors relations, Ira M. Gostin, said reports are false. Gostin told Reuters, "There hasn’t been anything actually passed in the Guatemalan law or anything proposed."
Volume is staggering today, about 3.1 million shares crossing compared with the trailing average of about 230,000 per day. The stock fell to a new low of $8.55 at the start, down 46 percent from Wednesday's close of $15.80.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Texas Instruments (TXN) jumps on first above-consensus guide in seven years
- Jefferies discusses IBM stock ahead of its Q1 print
- This AI software stock is 'well positioned heading into Q1 print' says analyst
Create E-mail Alert Related Categories
Insiders' Blog, Momentum Movers, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
