3 Stocks Pushing The Basic Materials Sector Lower

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The Basic Materials sector as a whole closed the day down 0.9% versus the S&P 500, which was down 0.1%. Laggards within the Basic Materials sector included Sonde Resources ( SOQ), down 7.9%, Timberline Resources ( TLR), down 6.7%, Pacific Booker Minerals ( PBM), down 10.3%, Entree Gold ( EGI), down 4.3% and Eurasian Minerals ( EMXX), down 4.0%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the sector lower today:

Entree Gold ( EGI) is one of the companies that pushed the Basic Materials sector lower today. Entree Gold was down $0.01 (4.3%) to $0.27 on light volume. Throughout the day, 32,775 shares of Entree Gold exchanged hands as compared to its average daily volume of 66,100 shares. The stock ranged in price between $0.26-$0.29 after having opened the day at $0.27 as compared to the previous trading day's close of $0.28.

Entree Gold has a market cap of $41.4 million and is part of the energy industry. Shares are up 0.7% year-to-date as of the close of trading on Friday.

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