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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At the close, Timberline Resources ( TLR) was down $0.01 (6.7%) to $0.08 on heavy volume. Throughout the day, 544,428 shares of Timberline Resources exchanged hands as compared to its average daily volume of 132,900 shares. The stock ranged in price between $0.08-$0.10 after having opened the day at $0.08 as compared to the previous trading day's close of $0.09.

Timberline Resources has a market cap of $6.5 million and is part of the energy industry. Shares are down 50.3% year-to-date as of the close of trading on Friday.

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Sonde Resources ( SOQ) was another company that pushed the Basic Materials sector lower today. Sonde Resources was down $0.02 (7.9%) to $0.18 on light volume. Throughout the day, 17,329 shares of Sonde Resources exchanged hands as compared to its average daily volume of 37,800 shares. The stock ranged in price between $0.16-$0.19 after having opened the day at $0.18 as compared to the previous trading day's close of $0.20.

Sonde Resources has a market cap of $11.1 million and is part of the energy industry. Shares are down 71.2% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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