PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.33% to 94.69 with around 1.82 Million shares have changed hands in this session. PPG (PPG) declared on Friday that a definitive contract to sell the assets of its Mexico-based Plaka plasterboard and cement-board business to Knauf International GmbH. The financial terms were not disclosed.The transaction is expected to close in the first half of 2017.
The business employs about 200 people and operates a manufacturing facility in Querétaro, Mexico.PPG acquired the Plaka business in 2014 as part of its acquisition of Comex, S.A. de C.V. Plaka, with approximate sales of $30 million in 2015, manufactures plasterboard, cement board and drywall primarily for the Mexican construction market. The stock is going forward its fifty-two week low with 8.84% and lagging behind from its 52-week high price with -18.11%.
Similar, the positive performance for the quarter recorded as -6.90% and for the year was -4.19%, while the YTD performance remained at -2.67%. PPG has Average True Range for 14 days of 1.35.
Yamana Gold Inc. (NYSE:AUY) [Trend Analysis] retains strong position in active trade, as shares scoring 1.20% to $2.54 in active trade session, while looking at the shares volume, around 5.7 Million shares have changed hands in this session. YAMANA GOLD INC. (NYSE:AUY) herein announces the closing of its previously declared offering of purchase rights and related transactions pursuant to which Yamana has transferred common shares of Brio Gold Inc.. A total of 17,324,507 Brio Shares owned by Yamana were transferred pursuant to the transactions at a price of C$3.25 per Brio Share for aggregate proceeds of C$56,304,648 to Yamana. The Purchase Rights expired on December 21, 2016.
Peter Marrone, Chairman and Chief Executive Officer of Yamana Gold commented as follows: “Yamana has achieved another milestone in its effort to realize, and maximize, value from its Brio Gold subsidiary. Now that Brio Gold is a standalone public company, we believe that its immediate value and value potential will be better realized. It is Yamana’s intention to work with the management and board of directors of Brio Gold to help realize that value. We will continue to consider all efforts that will realize better and full value.” The net proceeds from these transactions will be used for general corporate purposes and to further reduce net debt. The firm has institutional ownership of 60.70%, while insider ownership included 0.20%. AUY attains analyst recommendation of 2.50 with week’s performance of -3.79%. Investors looking further ahead will note that the Price to next year’s EPS is 90.91%.