Feb
20
New York, NY – (NISMAGAZINE) – 02/20/2014 – Transportadora de Gas del Sur SA (ADR)(NYSE:TGS) traded 3.96% down and closed at $2.18 during the last trading session. Company traded above the 20-Day and 50 -Day EMA of $2.07 and $2.11 respectively, with RSI of 57.16.
Recent News on Golden Minerals Co (NYSEMKT:TGS)
An Argentina based company, engages in exploitation, distribution and commercialization of natural gas. The company recently released FY13 and Q413 results. The company increased its net revenue by 11.26% during the FY13. The production and commercialization revenue segment increased mainly due to an increase in the foreign exchange rates. (Peso to USD). The net profit declined by 53%, to $0.017 per share, which fell on the impact of gradual increase in fixed costs in Natural Gas segment, and net financial expenses, mostly attributed to foreign exchange loss on US debt, that was used in acquisition of its fixed assets. The experts feel that the future prospects of the company still remains gloomy.
What TGS Charts Are Signaling for Traders? Find Out Here
Technicals for Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) traded down by 3.33% and closed at $9.57. The prices closed traded well above its 20-Day and 50-Day EMA of $8.85 and $9.29 respectively with RSI of 57.64.
Recent News on Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL)
Argentina based company, offering financial services including credit cards, deposits, payments, collections, foreign trade to its customers. The company had been consistently declaring dividend with a yield of 3.3% and 54% payout. The stock has been gaining more than 65% in the past twelve months. The recent declining trend is mainly due to Argentina government’s central bank decision to shrink the reserve of foreign currency, upon which BCRA stopped intervening in foreign exchange market. Analysts recently have been recommending Hold for the scrip.
Should GGAL a Buy or Sell Now? Find Out Here
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