Downtrending Basic Materials Stocks: North American Palladium, Cal Dive International, McEwen Mining

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North American Palladium Ltd (USA) (NYSEAMEX:PAL) shares went -8.28% down and closed at $1.33 in the last trading session after declaring Board Changes. Mr. Robert Quinn has been appointed to the position of Chairman, effective March 4, 2013. Mr. Andre Douchane, NAP’s Chairman for the last 7 years, is planned to continue performing duties as Chief Executive Officer (CEO) until a new CEO is named, and will therefore give up his role as Chairman to enable NAP to be controlled by an independent Chairman.

The Board of Directors are said to be active in search for a new CEO for the Company and a formal search process is underway through a Canadian executive recruiting organization. The Company will issue an update for shareholders when the candidate is named.

Will PAL Get Buyers Even After The Recent Rally? Find Out Here

Its overall traded volume was 3.29 million shares. The stock’s opening price was $1.44, hitting the day high price of $1.45 and day low of $1.31. PAL has earnings per share of -$0.06. The company has -2.57% returns on assets, -4.42% returns on equity and its return on investments is -3.08%.

Cal Dive International, Inc.(NYSE:DVR) dropped -6.11% to close at $1.69 and its total volume in the last trading session was 2.10 million shares. The stock continued to decline after quarterly report last week. For the quarter ended Dec. 31 (Q4), the company topped estimates on revenues but failed to meet expectations on earnings per share.

Why Should Investors Buy DVR After the Recent Fall? Just Go Here and Find Out

Compared to the same period last year, revenue expanded Non-GAAP loss per share declined and GAAP loss per share moved up. Earnings per share for the fourth quarter came in at -$0.06, while the four earnings estimates compiled by S&P Capital IQ forecasted -$0.05 per share.
In last 52 weeks, high hit was $4.00 and low price in that period was $1.00. The company has outstanding shares of 97.19million with the total market cap of $164.26million and its beta value stands at 1.95 times. It has current ratio of 1.51 and its debt-to-equity ratio is 0.48.

McEwen Mining Inc(NYSE:MUX) fell -5.76% and closed at $2.29 with the total traded volume of 3.02 million shares after Bloomberg reported that its burning cash indicate more mergers are on their way. Its opening price was $2.43 and its shares traded within the range of $2.26-$2.43.

This company has earnings per share of -$0.27 with the net profit margin of -373.85% and operating margin of -478.99%. The company now has market cap of about $491.25million.

Has MUX Found The Bottom And Ready To Gain Momentum? Find Out Here

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