Bloomberg News

Peru Stocks: Alturas, Austral, Candente, Maple, Panoro, Volcan

October 03, 2011

Oct. 3 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 4:10 p.m. New York time.

The Lima General Index fell for the 10th session in 11, losing 2.7 percent to 17,838.98. The MSCI All Peru Capped Index dropped 2.1 percent to 2,263.16.

Industrial shares slumped after U.S. stocks dropped on concern over the Greek debt crisis, said Estefany Castillo, an analyst at Scotiabank Peru.

Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, fell 3.7 percent to 26 centimos. Casa Grande (CASAGRC1 PE), Peru’s largest sugar producer and a unit of Gloria SA, declined 3.6 percent to 13 soles after futures declined in New York. Corp. Aceros Arequipa SA (CORAREI1 PE), the Lima-based steelmaker, dropped 3.4 percent to 2 soles. Maple Energy Plc (MPLE PE), the oil and natural gas producer with operations in Peru, fell 3 percent to 97 cents after crude dropped in New York.

Miners dropped as copper and lead declined in London.

Alturas Minerals Corp. (ALT PE), a Canadian copper and gold exploration company, fell 17 percent to 10 cents. Rio Cristal Resources Corp. (RCZ PE), a Canadian exploration company, declined 7.7 percent to 12 cents. Volcan Cia. Minera SAA (VOLCABC1 PE), a Peruvian lead producer, dropped 5.9 percent to 2.40 soles. Candente Copper Corp. (DNT PE), a Canadian exploration company, fell 5.4 percent to 87 cents. Panoro Minerals Ltd. (PML PE), a Canadian copper and gold exploration company, slid 5.1 percent to 37 cents.

--Editor: Glenn J. Kalinoski

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net.

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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