Bloomberg News

Peru Stocks: Austral, Candente Copper, Panoro, Rio Alto

May 16, 2012

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trade in Lima.

The Lima General Index (IGBVL) fell for a fourth session, dropping 0.1 percent to 20,856.99. The MSCI All Peru Capped Index slid 0.2 percent to 2,674.75.

Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, dropped 7.7 percent to 24 centimos, the biggest intraday decline since November, after U.S. and European stocks slumped, said Daniel Romero, an analyst at Lima-based investment fund NC&F Inversiones SA.

Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, fell 6.5 percent to 58 cents after copper declined to a four-month low in New York.

Candente Copper Corp. (DNT) , a Canadian copper exploration company, slid 3.2 percent to 60 cents, an 18-month low.

Rio Alto Mining Ltd. (RIO) , a Canadian gold miner, dropped 1.6 percent to $3.71 after gold fell to the lowest since Dec. 29.

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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